☆ Yσɠƚԋσʂ ☆
- 564 Posts
- 8 Comments
1·3 days agoWhich is the desirable outcome if the government represents the working class and exercises violence against attempts at a capitalist counterrevolution.
Right, and that’s why talk of authoritarianism is infantile. The question that’s actually important is whose interest the government represents.
0·25 days agoThe G7 is literally a smaller economic bloc than BRICS using PPP measure. Meanwhile, the appeal of Burgerland is that it’s a consumer economy, and consumption is now collapsing because of an unfolding recession. Meanwhile, the full impact of the trade war with China hasn’t even hit yet.
The US launched a trade war against virtually the entire world. China, conversely, is fighting a trade war solely against the US. Naturally, China has abundant opportunities to redirect trade away from the US and towards the very nations the US is simultaneously attacking economically. Plenty of new trade opportunities are opening up.
Furthermore, buyers outside the US need only pay more than the post-tariff US price minus the tariff cost suppliers are expected to absorb. In practice, this means Chinese goods become cheaper and more competitive for the rest of the world, while the US market faces reduced supply and higher prices.
Voters report voting for him as a reaction against inflation. Inflation was caused by a reaction to Covid. The material condition has changed and the appetite for someone like Trump has waned as a result. That’s why his popularity is so low.
His popularity is still higher than Biden’s was, and the material decline continued steadily under Biden. If you think that anything will be getting better in Burgerland then prepare to be surprised. It’s a failed state that’s literally tearing itself apart as we speak. https://www.newsweek.com/peter-turchin-political-violence-donald-trump-barack-obama-riots-2083007
To make more money. The bigger your market, the more customers you have, the more money you can make. Also, these “new buyers,” where have they been? Why was China holding out? That makes no sense at all.
Making more money has to be weighed against creating more risk for yourself. Setting up supply chains and trade agreements takes time and effort, and if you’re in a volatile situation where you might have to scramble to find new buyers at a moment’s notice that negates any increased revenue in the short term.
Meanwhile, nobody was holding out. China has been steadily redirecting trade away from the US for many years now, and the process has only been accelerating. These new buyers are in BRICS, and their demand is increasing because these are growing economies where the standard of living is rising. Chinese investments in things like building infrastructure in these countries are directly facilitating that.
Trump is seen as inherently risky. He has just a short few years remaining. A president like him comes only rarely.
Trump is a product of the existing material conditions in the US, and when Biden was in power, nothing much changed, hence why Trump was able to get back in a second time. When Trump is out, another opportunist will replace him. The US is in a downward spiral that’s self reinforcing.
The material decline breeds a toxic political climate ripe for opportunism. Instead of acknowledging the root causes of the widespread suffering, politicians seize on the general malaise, offering shallow promises and hollow slogans. They play to the public’s frustrations, scapegoating convenient targets, but avoid any discussion that would necessitate painful, yet necessary, course corrections. Each successive election cycle, fueled by increasingly opportunistic rhetoric, sees the country sink into an even worse state, as underlying issues fester and compound. That’s where the US is today, and nothing will get better going forward.
Once Chinese companies find new buyers, what reason do they have to go back to trading with the US. Trump’s policies change arbitrarily day to day, and trying to do trade with the US is like trying to build a house on shifting sands at this point. Even if the demand from the US rebounds, I doubt there’s going to be as much supply going forward as there was before because trading with the US will be seen as being an inherently risky business.
Oh you mean in a fictional scenario that does not exist in the real world?
I can highly recommend this book for a broad analysis https://redletterspp.com/products/chinas-great-road
The TLDR of it is that economic growth is positively correlated with the increase in the standard of living. A country like China started out with a very low standard of living after the revolution, and the primary goal of the party has been to raise people out of poverty. This necessarily correlates with the rise in consumption.
I agree that you can reach a point where further economic growth may not produce meaningful improvements in the standard of living, but majority of the world is far from that point right now.