It is crucial to understand that this is a major reason for the West’s increasing belligerence toward China over the past decade. China’s development is challenging Western monopolies. This imposes a direct squeeze on Western profits but it also undermines a core tenet of imperialism.
The West’s monopoly power allows them to impose dependency on the global South. The South is forced to export large quantities of raw materials and intermediate goods in order to pay for imports at monopoly prices.
This produces large net flows from the global South, propping up the West’s growth and profits. If the West’s monopoly power declines, this flow gets cut off. They are desperate to prevent this from happening, to the point of fantasising about going to war with China to destroy China’s industrial base.
The West’s whole model for capital accumulation depends on Southern dependency. As that arrangement becomes increasingly unstable, the Western ruling class will become increasingly violent.
Just so everyone is clear, the gripe here is that China is destroying the profits of the western bourgeoisie, because they are forced to make their products cheaper to compete with Chinese competitors.
This is the central argument of 100% of all western economic analysis of China. The more affordable China's products, the more it destroys their monopolies and their profit margins.
As always, the purpose of such propagandists, as well as their "elected" governments, is to make the interests of the bourgeoisie appear like the national interests of their respective countries. It's the first rule of bourgeois economics: What's good for the bourgeoisie is good for the proletariat.
everyone making this into a broad debate about male female platonic relationships but everyone is ignoring the fact that it’s just sort of a bizarre thing to post
Mind you, Cuba accomplished this while under the most excruciating sanctions. Imagine everything they could do if the US sanctions were lifted.
Long live the Cuban revolution!!! Long live Fidel!! Long live Raul!! Love live Che!!!
So weird that US imperial ordering of Latin America would end up seeing the US demanding that foreign military break up strikes. It’s almost like imperialism is an extension of class war
The postwar boom was a historical anomaly only made possible by the destruction of World War II, but its duration convinced generations that this was "normal" capitalism. In fact capitalism is now merely returning to its normal state of chronic crisis and insecurity for workers.