In response to the trade war, the Asian giant is investing billions of dollars abroad in plants, especially in industries linked to the energy transition
“it’s just supplemental” would have initially worked to describe us industry shifting out
The difference being that China is not neoliberal. This does not coincide with deindustriakization, crushing unions, maximizing “free markets”, etc. It also does not correspond to anything like the regimes the US used to make offshoring in its own interests, namely to force imbalanced export economies on other countries premised on unequal exchange and a dollar-heavy (im)balance of payments. Worst case scenario of success is that other countries, particularly in Africa, develop industry, infrastructure, and good jobs while China gains trading partners and stays heavily industrialized, as they care for their real economy.
investment is finite, so if you have the choice between a and b, investing more money in a is by definition investing in a at the expense of b
At the level of entire countries this logic can break down. For example, third world countries have to figure out what to do with all these dollars they receive from their imbalanced export economies. You can’t just spend it on anything, yiur country needs to function and you can’t buy everything from everyone at fair prices this way.
i’d respond to this paragraph but you really haven’t made a coherent argument past “us bad china good”
Please try your best to engage in good faith and not make things up. There’s plenty for you to ask about or engage with if you have the interest.
no, because resources are always finite. the resource doesn’t have to be “money”.
The original topic was investment, which includes money and is relevant to the balanve of payments issue, particularly with African countries with th3 aforementioned imperialized economies. You cannot understand, for example, offshoring, without understanding unequal exchange, and this makes what might seem like a finite resource problem into one where you must think about coercion and graft and where production is directed.
if you want, you can try restating the argument you were trying to make before you slipped and typed out a ramble about how the us is bad
Slipped up? I directly responded to the comparison to US offshoring that you made to explain why this is different. I guess you have no answer.
Please do your best to act in good faith. It’s okay for you to say, “that’s a good point, I will think about it” or not reply at all. It is not okay for you to make things up.
money isn’t the only thing you invest when you set up a manufacturing base
If you took ten seconds to think about it, having any financial component makes my point correct and yours incorrect. Your zero sum game logic simply does not apply on multiple levels, as I have explained.
This might be clearer to you if you actually dealt with what I said instead of cherry picking.
The difference being that China is not neoliberal. This does not coincide with deindustriakization, crushing unions, maximizing “free markets”, etc. It also does not correspond to anything like the regimes the US used to make offshoring in its own interests, namely to force imbalanced export economies on other countries premised on unequal exchange and a dollar-heavy (im)balance of payments. Worst case scenario of success is that other countries, particularly in Africa, develop industry, infrastructure, and good jobs while China gains trading partners and stays heavily industrialized, as they care for their real economy.
At the level of entire countries this logic can break down. For example, third world countries have to figure out what to do with all these dollars they receive from their imbalanced export economies. You can’t just spend it on anything, yiur country needs to function and you can’t buy everything from everyone at fair prices this way.
i’d respond to this paragraph but you really haven’t made a coherent argument past “us bad china good”
no, because resources are always finite. the resource doesn’t have to be “money”.
Please try your best to engage in good faith and not make things up. There’s plenty for you to ask about or engage with if you have the interest.
The original topic was investment, which includes money and is relevant to the balanve of payments issue, particularly with African countries with th3 aforementioned imperialized economies. You cannot understand, for example, offshoring, without understanding unequal exchange, and this makes what might seem like a finite resource problem into one where you must think about coercion and graft and where production is directed.
if you want, you can try restating the argument you were trying to make before you slipped and typed out a ramble about how the us is bad
money isn’t the only thing you invest when you set up a manufacturing base
Slipped up? I directly responded to the comparison to US offshoring that you made to explain why this is different. I guess you have no answer.
Please do your best to act in good faith. It’s okay for you to say, “that’s a good point, I will think about it” or not reply at all. It is not okay for you to make things up.
If you took ten seconds to think about it, having any financial component makes my point correct and yours incorrect. Your zero sum game logic simply does not apply on multiple levels, as I have explained.
This might be clearer to you if you actually dealt with what I said instead of cherry picking.