Why are Japan and South Korea, unknowingly
de-industrializing as well? The answer is in cheap energy from Russia,
which China now has in abundance thanks to the Russian support. With
this essential advantage coupled with its control of raw materials and
supply chains, Japan and South Korea are facing fierce competition in
manufacturing and being decimated by China.
Japan used to have
many of its big corporations counted among the top 50 biggest in the
world. Today, only Toyota remains in the list and is also going into
extinction.
And what has the USA done for Japan? Just prodding
them on to confront China is not going to solve Japan's problem. It is
going to make the situation even worse for Japan if China retaliates
more objectively and strategically. China is still Japan and South
Korea's biggest trading partner, but China does have the luxury of
migrating to other markets. Japan and South Korea will be hard pressed
to find an alternative market as big as China. That is the hard reality.
Both
need a reset, hoping that a war would change their fortunes. Fat hope!
They are just like the EU, cannon fodder for the USA and paying the
price for their folly.
Anonymous
China does not need to cut off trade and economic activities with Japan and South Korea. China is now eating their lunch in manufacturing, shipbuilding, consumer electronics and motor vehicles. The Chinese market is beyond them to compete and with that, what is in store for Japanese and South Korean products?
ReplyDeleteBut Japan and South Korea are just collateral damage in the eyes of the USA, just like the EU. When the shit hits the fan in economic hardship, both Japan and South Korea, even if they want to, cannot join BRICS, just like Red Dot.
If I understand correctly, the USA has given the nod for Japan to go nuclear. Japan is in such a desperate state that only a big war is their passport to survival, just like the USA. The USA is using Japan at its most desperate moment of despair to start a war with China. But whether it can survive that is not certain and is not a concern for the USA.
ReplyDeleteThe USA cannot repay its US$35 trillion debt. That alone is one problem it cannot solve and defaulting on its debt is unthinkable. It too is looking desperately for a big war to change its fortune, wipe the slate clean and begin all over again. But whether it will become the next hegemon again is not certain either.