The USA and the West are terrified of the success of
socialism. It puts the perception of superiority of democracy, touted as
the only system capable of progress, into the shade by China. That is
not acceptable. But to claim that socialism is now a better choice is
smearing shit on their own faces. Therefore, the only way out is to keep
chipping away at China's success, using trade wars, tariffs,
overcapacity accusations, stealing of jobs and technology, which have
all lack substance or not successful.
The USA and the West have
never touted the failure of sanctions as well, when it failed to put out
the candles of Cuba, North Korea, Iran, Venezuela and now Russia and
China. As the USA keeps piling on sanctions against countries like
Russia, such sanctions have backfired badly as in Europe.
Anonymous
Communist China has an open door policy for tourists. They are adopting the 'come see for yourselves' strategy.
ReplyDeleteDemocratic yankee land however is doing the exact opposite. They are even afraid of their own shadow and getting a visa, to visit the sickest country on earth and getting shot, is a very tough process. Why would any sane person want to visit sickieland??? You can't pay me to visit that sick country. By the way, I graduated from that place 50 years ago and it WAS a great country then.
50 years ago, USA was a great country then, while China was a poverty-stricken backwater, even touted as having people only fit to be chefs and laundrymen.
ReplyDelete50 years later, the Wheel of Fortune has turned, and it is becoming the other way round with China eradicating poverty en masse, while homelessness and infrastructure decay is apparent in the USA from end to end.
The USA is trying to musk the differences by touting about its GDP growing so fast and furious over the last couple of years, putting China in the dust, which boggles the mind. How could a country growing at just around 2.5% be adding several trillion to its GDP figures over such a short period of time? The answer lies in its overcapacity in printing money propping up Wall Street companies and benefitting the super-rich.
Just imagine Nvidia, a USA tech company valued at US$3.3 trillion sometime in June, more valuable than the whole GDP of ASEAN countries combined, with hundreds of millions working their butts off. Or about the GDP of India, a country of 1.4 billion population. Or more valuable than many of the countries in the G7. Possible or fantasy?
Professor Richard Wolff pointed out that just printing money to grow the GDP is not going to work in the long term. In economic terms, a country must produce tangible goods to grow its economy, not issuing more and more papers alone.
DeleteThe USA was so paranoid seeing what they thought was a drone flying in the night sky. It was later discovered to be just a manned aircraft, a harmless plane causing panic.
ReplyDeleteI think the USA is now so paranoid that even its own shadow is going to frighten them to shit in their pants. As they say, if you do not evil, you should not be afraid of shadows at night.