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It's quite fun because while this will hurt China the Chinese state can still actually do things, and the Chinese economy can still make things. Neither of which is true for the US outside the key industries of Tech grifting, corn so unprofitable a 1960s soviet agriculturalist would reject it, and genocide supplies.
Honestly it might even end up being good for them in the medium term to be divorced from the US.
I wonder when the light bulb is finally going to turn on over Trump's head containing what is effectively Trump's jellybean sized brain. And Trump's going to finally realize that "Oh, shit. I can't beat China in trade war or a currency war. Bad. Very, very bad."
After speaking with many very smart people (the best!), I’m starting to think maybe - just MAYBE - you can’t actually win a trade war with China. They have too many factories, too much stuff. Not fair! I was set up! Who knew economics could be this complicated???
wonder when the light bulb is finally going to turn on
What light bulbs? Nobody in the USA can afford light bulbs anymore.
At least one country that’s willing to actually put up a fight against Amerikkka.
I'm starting to think that decoupling from China is precursor to war. Decoupling after declaring war would cripple the US military machine so maybe this is a gamble to get their house in order before some bigger offensive.
It's certainly a necessary precedent to war, but thats because the US needs to establish supply chains independent of China in order to wage war without destroying their economy. Instead they're just destroying their economy, making them even less capable of waging that war in the first place.
Well they are very stupid, that's true. If they wanted to decouple from China then the smart thing would be to not crash their economy and piss off every single imperial trading partner.
with a side benefit of having lots of unemployed people in the states to press into military service
That's the official reasoning even. They say it's to make the "defense" industry more independent. And whether planned or not, it increases the likelihood of global war:
A similar thing happened in the lead up to the great depression and World War II: faced with a recession, the ruling class turned to protectionism with the Tariff Act of 1930. With the very high tarrifs, the recession worsened into the Great Depression until World War II saved the economy by enabling mass employment.
War is great for the capitalist class, if they want to win some time against an economic crisis, because it's a way to have mass government spending without cutting into anyones profits. If value gets created by a not for-profit entity in any sector, profits go down, because businesses who need to make a profit can't compete. Capitalists love war, because it only destroys value instead.
It's the golden triple chance for profit: first accumulation by dispossession (taxes and austerity to finance the war effort flowing directly to weapons manufacturers), then imperialism (opening new markets, stealing resources), then restarting the production cycle (lucrative contracts for rebuilding efforts after everything is destroyed).
Leftists reaction to the tarrifs must be to shift organizing to focus more strongly on anti war efforts.
I'm gonna start learning Mandarin.
I'm still learning Spanish (well over 1000 hours at this point...) but if I ever learned a third it would be Mandarin. But damn now that I know what an undertaking learning a language is and that Mandarin will probably take at least twice as long.... probably won't do it unless I want to move to China or they invade or something
I'm hoping they invade or something...
Ni hao! Zhao huo le!
China slaps
So true
I remember learning about comparative advantage and opportunity cost, thinking it was the dumbest shit in the world. Now we get to see why 😈
but it's
no more half measures walter
US about to face the harsh reality of the new world order. We need them a hell of a lot more than they need us. This feels like a week where decades happen.
Even if Trump did undo all these stupid tariffs, the damage is already done.
Countries need stable trade partners, and the US is no longer trustworthy. Therefore, countries will developing stable trade relationships that exclude the US.
Lol. Lmao, even.