Kay Bailey Hutchinson, US Ambassador to NATO said this... American wet dream to deter and stop China's growth is based on their plan to form a coalition of rich democracy economies stopping investing in China, stopping creating jobs for China, stopping new technology and funds going into China. China's economy would then collapse, leading to massive unemployment, instability, social unrest and poverty.
This is the thought of a typical American hillbilly living in the 19th and 20th Centuries, and still fast asleep without knowing that the world has moved on into the 21st Century. They still believe in their strong democratic economies ie the bankrupt G7 countries. Most of the G7 countries would collapse before the end of year 2024 if they allowed the Americans to strangle them and coerce them to stop trading with China. Many of them are no longer able to compete with China and the Global South countries in manufacturing goods and services. Their economies are at a standstill, no growth, negative growth. Whether they invest in China or not is irrelevant, immaterial. The hard truth is that they cannot survive without China and many are rushing in to invest more in China, defying the coercion of the Americans.
Those that are too weak to say no to the evil Americans are facing bankruptcies, like ASML, Samsung, Intel and Japanese and European automobile companies. They will go bust first before anything happens to China. And China has the rest of the world to invest. China has the funds and technology and does not need FDI to survive. China is providing FDI to the Global South countries. China's growth may temporary slow down but not for long as it is self sufficient. There is no need for China to depend on bankrupt and non competitive G7 countries.
The American hillbillies' wet dream would bring the American economy down on its knees. The future of the world depends on innovation and collaboration with all parties. American wet dream is based on isolation, America First, and living on antique and obsolete technologies and systems. It would deter and stop the growth of America instead of harming China. The Americans and the West have lost their lead in cutting edge technologies and can only live in their own make belief world of the past, hyping on their past glories...we are the best!
The only game the hillbillies can think of is to make others poorer than them by unethical and underhand means, to trip others, to block others. They would not think of making themselves more competitive and more productive.
Enjoy your wet dream. The rest of the world is not going to wait for the Americans to wake up and be sober and to face reality.
