China is state capitalism. Capitalism isn’t losing. The West is losing because China is using state funds to buy up successful Western companies, and as their new owner, has the ability to force them to do China’s bidding.
Meanwhile the West is completely barred from buying a majority stake in any successful Chinese company and even if it could would not be taking it over on behalf of serving the state.
The problem is China plays by its own rules and those rules are heavily stacked against every other nation. That was fine when they were making junk for Walmart; it’s not so fine when it’s highly sophisticated electronics and software (that can do whatever China wants it to in the West) … and to add insult to injury it’s often based on stolen Western technology (since us idiots decided to put the factories that manufacturer the designs there).
Nobody really cares about the rules. While I don’t like capitalism, unfortunately it also starts a new era of imperialism, where the strong ruthlessly conquers the weak, see Israel-Palestine, Russia-Ukraine, and China-Taiwan.
But it us kind of insulting when America did incredible violence to the global south to get them to open their markets only throw it all out the window.
Americans are blind. They think their capitalism is also not state funded. The only difference is that in China corporations are owned by the state, and in the USA the state is owned by corporations. “It’s not fair” yeah, obviously it isn’t, the USA has been imperialistic and monopolistic over the entire global south for the past 7 decades, nobody wants to be playing with your bullshit rules anymore. The “free market” is heavily stacked in their favor, and always will be. Case in point? BRICS are about to move away from the dollar, and the USA immediately goes ballistic saying it will impose tariffs and sanctions and whatnot if we dare challenge their authority. Where’s the free market in that? Where’s the free market when your 2nd in command has said before that the USA will invade and coup whatever country they feel like it in order to get resources? Yeah, we’re not playing your stupid free market game anymore, it’s rigged. And yes, China is part of the global south, they have been so since they were oppressed and enslaved and explored by the global north for decades, they just did a good job of turning around. I wish my country had done as good of a job…
Can’t win capitalism? Fret not, everything is national security and we can throw the rules of capitalism out the window :)
And then the west is surprised at the confused look of the global south when Ursula and Biden mention “Rules based order”…
China is state capitalism. Capitalism isn’t losing. The West is losing because China is using state funds to buy up successful Western companies, and as their new owner, has the ability to force them to do China’s bidding.
Meanwhile the West is completely barred from buying a majority stake in any successful Chinese company and even if it could would not be taking it over on behalf of serving the state.
The problem is China plays by its own rules and those rules are heavily stacked against every other nation. That was fine when they were making junk for Walmart; it’s not so fine when it’s highly sophisticated electronics and software (that can do whatever China wants it to in the West) … and to add insult to injury it’s often based on stolen Western technology (since us idiots decided to put the factories that manufacturer the designs there).
Nobody really cares about the rules. While I don’t like capitalism, unfortunately it also starts a new era of imperialism, where the strong ruthlessly conquers the weak, see Israel-Palestine, Russia-Ukraine, and China-Taiwan.
One of those is not like the others…
You’re totally right, China isn’t actively sending missiles to Taiwan yet
I mean it’s not like China was open and allowed competition from western companies.
But it us kind of insulting when America did incredible violence to the global south to get them to open their markets only throw it all out the window.
Americans are blind. They think their capitalism is also not state funded. The only difference is that in China corporations are owned by the state, and in the USA the state is owned by corporations. “It’s not fair” yeah, obviously it isn’t, the USA has been imperialistic and monopolistic over the entire global south for the past 7 decades, nobody wants to be playing with your bullshit rules anymore. The “free market” is heavily stacked in their favor, and always will be. Case in point? BRICS are about to move away from the dollar, and the USA immediately goes ballistic saying it will impose tariffs and sanctions and whatnot if we dare challenge their authority. Where’s the free market in that? Where’s the free market when your 2nd in command has said before that the USA will invade and coup whatever country they feel like it in order to get resources? Yeah, we’re not playing your stupid free market game anymore, it’s rigged. And yes, China is part of the global south, they have been so since they were oppressed and enslaved and explored by the global north for decades, they just did a good job of turning around. I wish my country had done as good of a job…
While China is considered part of the global south, its economy is so massive and it is so influential globally it really shouldn’t be.
Edit: Also in China’s case, that was the UK, not the US.