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The problem is that people don't understand what China tried to do.
I'd like to thanks @FadhelKaboub for helping me understand. https://twitter.com/thecoleslaws/status/1375792784637038594
I'd like to thanks @FadhelKaboub for helping me understand. https://twitter.com/thecoleslaws/status/1375792784637038594
Colonialism works by turning a country into an extraction factory.
Example: India grew cotton, which was then shipped to England where they manufactured it into clothes and it was brought back to India and sold with a mark-up.
Example: India grew cotton, which was then shipped to England where they manufactured it into clothes and it was brought back to India and sold with a mark-up.
Now, in order to break this cycle, the country has to create their own value-added goods.
Otherwise, the cycle continues.
Otherwise, the cycle continues.
Why don't countries set up their own industry?
They try.
Sudan set up a pharmaceutical plant to make their own drugs.
Oddly, Bill Clinton bombed it because allegedly "Osama Bin Laden" was "running" it for "chemical weapons" or whatever
They try.
Sudan set up a pharmaceutical plant to make their own drugs.
Oddly, Bill Clinton bombed it because allegedly "Osama Bin Laden" was "running" it for "chemical weapons" or whatever
You might wonder : How is this related to China?
I will get there. But, you need to understand the entire problem the world faces. Then, you may understand China's decision to solve the problem.
You may have critiques but at least it will be intelligent and worth listening.
I will get there. But, you need to understand the entire problem the world faces. Then, you may understand China's decision to solve the problem.
You may have critiques but at least it will be intelligent and worth listening.
Well, simple. In ww2, Japan would bomb all Chinese industry and turn it into resources extraction machine.
See mining in China.
See mining in China.
Even under communism,there is a limit in the amount of wealth a country can generate if it does not have manufacturing and/or industry.
See nice photo montage of China factories https://qz.com/10569/
See nice photo montage of China factories https://qz.com/10569/
So now, China needed a way to bring industry into the country without getting bombed.
They thought about it. Many corporations were already looking to create a new "home market"
Aka import cheaper goods to sell to impoverished country.
They thought about it. Many corporations were already looking to create a new "home market"
Aka import cheaper goods to sell to impoverished country.
They said "We will let you come and manufacture your products here for cheaper. But, we have some terms and conditions."
(black rock infographic is very well done) https://www.visualcapitalist.com/china-investment-opportunity/
(black rock infographic is very well done) https://www.visualcapitalist.com/china-investment-opportunity/
But, they had a small terms and conditions:
1. They diluted the company stock such that the Chinese government owned about 30% or more shares. https://asia.nikkei.com/Economy/China-s-state-control-of-economy-grows-with-50-backdoor-takeovers
1. They diluted the company stock such that the Chinese government owned about 30% or more shares. https://asia.nikkei.com/Economy/China-s-state-control-of-economy-grows-with-50-backdoor-takeovers
They also have mandatory tech transfer clause which means China can use the technology to develop their own.
And boom: The relationship flipped.
Now, US has trade deficit with China.
Now, US has trade deficit with China.
Now, if you are wondering what the "neocolonialism" or whatever is in Africa..
Well, remember this chart:
Well, remember this chart:
This is essentially what China is doing.
Even this moderate price reduction offers many of these countries a breathing room from the debt trap to build things like schools and hospitals
The US is crying because they a). Got rid of manufacturing so they don't produce anything
b) African countries are cutting out the middle man and going to the source https://www.china-briefing.com/news/china-set-cash-new-african-free-trade-agreement/
b) African countries are cutting out the middle man and going to the source https://www.china-briefing.com/news/china-set-cash-new-african-free-trade-agreement/
As for the Chinese" debt trap"
Well, China does not force them to privatize their water, which is different than the west. Therefore, countries are allowed to have more social programs etc https://historicly.substack.com/p/like-water-for-capitalists
Well, China does not force them to privatize their water, which is different than the west. Therefore, countries are allowed to have more social programs etc https://historicly.substack.com/p/like-water-for-capitalists
And it looks like the YouTube a-narks are the ones who are easily fooled by "capitalist aesthetics"
Projection is a hell of a drug. https://twitter.com/AnarkYouTube/status/1376205622966947854?s=19
Projection is a hell of a drug. https://twitter.com/AnarkYouTube/status/1376205622966947854?s=19
This also means that they are being surveilled a bit more and so it forces US to moderate their behavior in Africa too! https://foreignpolicy.com/2020/05/21/china-infrastructure-projects-africa-surveillance-spymaster-dream/
And it looks like with the bit of a breathing room, these African countries are asking China to build their infrastructure too!
https://www.google.com/amp/s/www.washingtonpost.com/politics/2021/04/02/chinese-firms-african-labor-are-building-africas-infrastructure/%3foutputType=amp
https://www.google.com/amp/s/www.washingtonpost.com/politics/2021/04/02/chinese-firms-african-labor-are-building-africas-infrastructure/%3foutputType=amp
I put these three drawings for you to see the difference
See.. this means China can never be stuck in the IMF cycle.
Here is 2019 with China and EU.
No. Check out this this thread.
Scroll all the way up. https://twitter.com/Chadatesta/status/1378453157601230856?s=19
Scroll all the way up. https://twitter.com/Chadatesta/status/1378453157601230856?s=19
