This is completely wrong. We have twice the industrial capacity of the United States, and you cannot name even one country that is anywhere close to surpassing us. We have the technological edge at almost every front except for a few, and far ahead of many other Western countries. We are already making 6th generation fighters ffs!
And yet our income is merely 1/6th of the Americans. This is absolutely insane and you cannot even name another advanced country that is anything like this.
China’s trade surplus registered at $1 trillion last year! And to put it quite bluntly, Chinese labor just created $1 trillion worth of goods and services and GIFTED them to foreigners without getting anything back except for $1 trillion worth of junk papers.
There is one thing that is unique in China that is 内卷 (involution, or “extreme competitiveness”).
Do you know how many dozens of companies are working on EVs in China right now? Many companies are already making losses, squeezing profit margin to the minimum and that translates to lower pay for the workers (or more overtime), and we are about to enter the terminal phase where most of there going to be involuted out of competition and only the few large factories like BYD will survive. That will affect the thousands of companies who serve as intermediaries in the supply chain and many more people who work at those companies.
What the government can simply do is to print the money and raise the wages so we can actually consume and work less. Half of the problem would be solved if the government isn’t so indoctrinated by the neoliberal “market principles” and believe that we have to earn foreign currencies before we can spend at home.
All those “China need to accumulate more productive force” sound straight out of imperialist propaganda and I suspect they are actually imperialistic propaganda aimed to make Chinese people work harder so the West can actually enjoy cheap goods and services perpetually.
And to provide a counterpoint, the USSR didn’t even overtake the US back then and yet they had far better working conditions and at parity with Western European countries at the time.
This is completely wrong. We have twice the industrial capacity of the United States, and you cannot name even one country that is anywhere close to surpassing us. We have the technological edge at almost every front except for a few, and far ahead of many other Western countries. We are already making 6th generation fighters ffs!
And yet our income is merely 1/6th of the Americans. This is absolutely insane and you cannot even name another advanced country that is anything like this.
China’s trade surplus registered at $1 trillion last year! And to put it quite bluntly, Chinese labor just created $1 trillion worth of goods and services and GIFTED them to foreigners without getting anything back except for $1 trillion worth of junk papers.
There is one thing that is unique in China that is 内卷 (involution, or “extreme competitiveness”).
Do you know how many dozens of companies are working on EVs in China right now? Many companies are already making losses, squeezing profit margin to the minimum and that translates to lower pay for the workers (or more overtime), and we are about to enter the terminal phase where most of there going to be involuted out of competition and only the few large factories like BYD will survive. That will affect the thousands of companies who serve as intermediaries in the supply chain and many more people who work at those companies.
What the government can simply do is to print the money and raise the wages so we can actually consume and work less. Half of the problem would be solved if the government isn’t so indoctrinated by the neoliberal “market principles” and believe that we have to earn foreign currencies before we can spend at home.
All those “China need to accumulate more productive force” sound straight out of imperialist propaganda and I suspect they are actually imperialistic propaganda aimed to make Chinese people work harder so the West can actually enjoy cheap goods and services perpetually.
And to provide a counterpoint, the USSR didn’t even overtake the US back then and yet they had far better working conditions and at parity with Western European countries at the time.