So they're now outsourcing production to the West? We've really come full circle.
this post was submitted on 06 Oct 2024
148 points (96.8% liked)
World News
32526 readers
394 users here now
News from around the world!
Rules:
-
Please only post links to actual news sources, no tabloid sites, etc
-
No NSFW content
-
No hate speech, bigotry, propaganda, etc
founded 5 years ago
MODERATORS
The difference is that they're not doing it at the expense of hollowing out their domestic industry. They're supplementing their own industry by building additional industry around the world.
load more comments
(35 replies)
Why do you assume the West? China often expands to other Asian countries. Or pretend to. E.g. after tariffs are applied to China you'll often see a huge increase in intra Asia trade. Followed by different Asian countries heavily increasing their exports. Usually by hiding the true origin (tariffs are applied to the origin, not some transhipment place).
Also a lot of infrastructure in Africa is being funded in China, their position there is only going to grow stronger.
This is what happens with production revolutions. We did the same thing, as did England.
It'd be really funny if China building factories in Mexico causes NAFTA to collapse.
And then we have mass worker revolts to seize the means of production in these countries right? Right?
Woulda been funny. Not just for the obvious benefit of having an uprising and potential revolution in Europe, but also to see how genuine those "red millionaires" are about socialism with Chinese characteristics
A bit nitpicky, but the idea behind SWCC isn't that the Capialists in the PRC are "the people's Capitalists" or anything, but that the State as a DotP allows market competition in a controlled manner similar to a birdcage. As these markets form monopolist syndicates, they centralize, and socialize, by which point the CPC increases public owership. Communism is achieved by degree, not by decree. Trying to achieve Communism through fiat has historically resulted in struggles and difficulties.
I recommend reading Socialism Developed China, Not Capitalism for an overview of what that entails.
I also recommend The East is Still Red - Chinese Socialism in the 21st Century by Carlos Martinez, it does a great job of dispelling common myths about China and it's economy, foreign policy, etc with solid sources through a solidly materialist lens.
load more comments
(11 replies)
I'm not sure why we care. It's just simple competition, if your opponent is able to sell a cheaper product, either lower your price or deal with it. It's basic capitalism.
While I'm for tariffs on import to at least make cost equal to minimum wage for workers (to equate for the pay wage differential) if the factories are being built in house, it means they are following country standards including wages, I don't see the issue.
Free market propaganda has never been applied under equal circumstances. It is rhetoric used by capital to reduce or destroy regulations, labor, national sovereignty, etc. Western industrialized capitalist coubtries built their industry and infrastructure using tariffs to protect it, then turned around and demanded the opposite from other countries so that they would have to buy their products and sell whatever those colonizer countries wanted (at the time, usualky raw materials).
Now that other countries are ascendant, US-based "free market" capital is gladly re-embracing protectionist logic. It has only ever been about maximizing their profits. The "theory" of free markets tails capital, it isn't a science or even a valid line of thought.
And this behavior is somehow sold to the public as a way to boost the economic wellness of the people living under the isolationist programs, but instead it enables profiteering corporations to exert more control over the artificially narrowed market space.
Locking the door with the fox(es) in the henhouse.
In some cases it has improved public welfare as industrial capital demanded infrastructure and education, though of course they also demanded as much of your day as possible for as little wage as possible. And as finance wins out it acts like a parasite on productivity while still demanding maximum time and minimal wages.
economics is far from a simple competition… things like game theory lead to monopolies being bad for everyone, and that’s what china wants in a lot of cases. the chinese government subsidises some of its industries dramatically so they can take over a global market and then slowly backs off the subsidies when they’ve killed their competition
it’s similar to microsoft’s embrace, extend, extinguish strategy
Seems like a short lived plan. Just need to change laws so that Chinese owned vehicles have a tariff, no matter where they’re made. Of course, then they just create shell companies in the states/EU and the game of cat and mouse continues.
Why do we “need” to change laws to artificially inflate the price of cars? Don’t we give enough money and government control to Ford and GM?
The EU Wants Chinese car factories to operate locally.
Chinese EV maker BYD welcome to open factory in France, French finance minister says
European nations compete for Chinese EV factories, jobs even as EU weighs tariffs
China's Dongfeng in pole position to build an auto plant in Italy - Italian sources
capitalists have no nation
Not entirely true. There's a large difference between Nationalist Bourgeoisie and Imperialist Bourgeoisie. The Nationalists in Imperialized countries are progressive compared to the Imperialists that oppress both the Nationalist Bourgeosie and Proletarist in Imperialized countries.
view more: next ›