The worldwide economic shift towards China, which is being accelerated by Covid-19 and America’s economic collapse, represents more than a change towards a multi-polar world. It’s a collapse of the fundamental structures of global imperialism and colonialism. (continued below.)
From Comrade Saikat: “BRI is best understood as the antithesis of colonialism. While colonialism was a Western response to its trade deficit with Asian kingdoms and also to the supremacy of Asian mode of production over Western pre-industrial revolution era production...”
“...BRI is the response of trade surplus China to the fact that US share of global GDP is becoming too small to generate demand for Chinese products. So China must invest around the world in developing countries which will give Chinese products market simultaneously...”
“...While colonialism is associated with the decline of Asia, BRI is about sharing resources of rising China with the rest of the world. Before the rise of the West, China was the top global producer and that period is not associated with colonialism...”
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