Unable to compete with China turning Washington into a bunch of lunatics

 Janet Yellen is yelling loudly about China's industrial over capacity threatening everybody and is a danger to the whole world. Everything that China does is now a danger to the USA and the Anglo-Saxon clique. For those in the Global South, China's industrial overcapacity can be seen as bringing prosperity to them, not a threat, and is a blessing in disguise for them, as they can buy consumer needs cheaper by the dozen, while building infrastructures cheaply that the West look on in envy. This is competing too well with the Western countries like the USA and this is what the danger that she is trying to impress upon the world all about.

Let me ask those countries that are facing USA sanctions about what the USA's Military Industrial overcapacity is doing to them and others. The USA spending on its military is larger than the military spending of the next 10 countries combined and makes up 40% of total global military spending globally. Is that not a danger to the world? What are military spending for? For spreading love of Muslims?

The USA is also trying to corner the world semiconductor business by building up its chip monopoly, even giving incentives to chipmakers to build factories in USA, all to decouple or de-risk from and to suppress China's chip industry. Is this not threatening China and Russia, Iran and others as well? Can we not see the hypocrisy in all the mickey mouse propaganda?

China is not going to stand still and let the USA succeed in monopolizing the chip making business and is putting top priority into research and development in the chip sector. The USA is nervous, knowing China can overcome its shortcomings given time and short circuit the USA plan. Overcapacity is turning into China's trump card, as it will not be at the mercy of the USA and the West and be in a position to kill all competition by lowering prices with its upper hand position. Moreover, its huge domestic market is a great advantage to absorb whatever overcapacity there is.

If I may venture to say, had China not spent so much of its resources to improve its military, China would have ended up like Iraq and Libya. China would now have been at the mercy of the USA and the West. China learnt good lessons during the Opium War and the century of humiliation at the hands of the Western powers. Most of all, China cannot afford not to upgrade its military in all areas to counter the USA's provocation. Had it not done so, China would in a very weak position like it was during the Opium War period and suffer another century of humiliation.

Thinking ahead is the best policy for China and I have to stress again that China must keep upgrading its army, air force and naval fleet particularly its nuclear submarine fleet. A nuclear submarine fleet of substance is a imminent need to ensure a second-strike capability in case land based retaliatory assets are destroyed.

And had China not been upgrading its technology, there would not be a Tiangong Space Station, ability to embark on a mission to the moon, landing a probe on Mars, constructing a high-speed train system, These are Chinese technology developed through hard work in research and curved out of adversity by being prevented from acquiring by the West. Huawei, BYD, TikTok etc, are all Chinese enterprises competing so well and on par with the USA and the West that they have to put obstacles to prevent their rise with fallacious claims bordering on fiction. Had China not got its hands on all the important resources like rare earth, lithium, graphite, it would have been crippled by the West in all its industrial endeavours.

Anonymous