It’s ridiculous to do that so late in the game, but companies really wanted to outsource production to cheap areas in the 80s and ignore the long term consequences.

Move all our production to a country that doesn’t respect foreign IP? What could go wrong?

With explicit technology sharing contracts. The name was a hint.

China becoming an industrialized country and the people there slowly getting to a higher standard of living is actually a good thing for us humanists for whom all humans have equal rights.

The problem is just that we need to migrate our thinking from a colonial exploitive mindset to a more sustainable one. The US can in principle just rebuild all the industry it lost and everything is fine until the oil finally runs out.
But the EU needs to start accepting that they are not rich on natural resources and that the countries which are, are becoming less reliant on imports. That means that the EU will run out of things to give in exchange for resources. If resources can’t be bought anymore, what is already there needs to be recycled to almost 100%. And no bloc can long-term be dependent on energy imports because when everyone is industrialized, everyone has basically unlimited use for energy.

The solution is self-sufficiency on a bloc level. China, Russia, and the US should have no problems being their own blocs. Everyone else needs to overcome the disputes with their neighbors and create or join a bloc.

Europa is having the discussion. You see one camp that wants to shut down exporting of waste and demand full recycling and local production. And the other group that’s basically complaining it’s more expensive again ignoring long term consequences.

The housing bubble that popped in china wiped out twice as much capital for Chinese citizens as the 2008 housing and banking crash in the world. Their standards of living have been decaying since 2020 and there is no sign of improvement honestly. Quite the opposite as tariffs, lower exports, automation and the AI craze drive unemployment.

What most people don’t understand is that they don’t play by the rules and should not play with us at all.

Like everyone should play by the fucked up rules set by the US? It good that at least one major world power doesn’t give a shit about America anymore. The US is forcing all countries to do the same. Europe is trying to break free of the US shackles, China just was first.

If you see how little ceremony there was for President Pedo compared to let’s say the President of Uganda who visited recently - BTW China knows the correct name of each country in Africa unlike the clown show that is the US - you know how little respect they have.

reuters.com/…/us-government-map-africa-mislabels-…

apnews.com/general-news-b40414d22f2248428ce11ff36…

The rules are made up. The market is deciding.

Markets do have rules, though; rules are essentially all they are. If you play by a different set of rules than me, depending on what they are, it could result in one of us always winning every interaction because of the way the rules fail to line up.

In those scenarios, we have to be OK with that, agree to the same rules, or decide independently or together to play separately. Instead, we’re choosing option #1 and bitching incessantly about the unfairness. We can try the other options, but elites, at least until very recently, have been content to sell the future for more in the present. Now that it is “the future”, its biting them too and they suddenly see the issue.

I think people are starting to become a lot more aware of what advantages are given up by changing the status quo. Not just w.r.t. China, but with a lot of American products, such as cloud, payment providers, operating systems, document processors etc.

Still, this can be abused in the short term on the stock market, so I doubt things will change much.

I’m concerned this will allow China to become even more totalitarian and militarized because they won‘t fear sanctions as much anymore. But on the other hand they won‘t crash the entire world economy when they invade a neighboring nation that way. You lose some you win some but ultimately we‘ll have to see and wait how it plays out.

You mean the US I assume. Except they did invade a neighboring country illegally remove a sitting president. Only to make the 12 billion dollars in revenue dissappear. cfr.org/…/the-u-s-took-over-venezuelas-oil-indust…

But no, let’s shit all over China being the bad entity in the world here.