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Comment by jvanderbot

1 day ago

If you believe in some kind of competition-free objective set of market morals, then yes, this is a strange contradiction.

If you believe that humans are locked in a productive struggle against each other at the organizational level, and that the knife-edge balance is a feature, not a bug, then it's not so weird to think about.

It is simultaneously true that it is in my best interest for prices to sink (as a consumer), for US companies to succeed (as a US citizen), and for my company to win over competitors regardless of whether those competitors are from US, EU, China, or Antarctica.

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ToucanLoucan  1 day ago

Oh I don't think it's either of those things, I think it's good old fashioned Racism/Xenophobia. We did the same shit to Japan and Korea when they were coming up out of their respective post-war periods, and we still do, to a degree. With China's ruling party also being "communist" (in massive, massive air-quotes) it also lets political actors dust off the McCarthyism to boot.

This is, to be clear, not meant as a ringing endorsement of China, China's policies, or to absolve China of it's wrongdoings, of which there are MANY. It's just to say that it's remarkable to watch the pearl clutching of the privateer capitalist class as state-sponsored capitalism levels their own game up against them and starts taking them to the cleaners instead.

A real Godzilla "let them fight" situation as far as I'm concerned.

  • jvanderbot  1 day ago

    So, there's no functional competition or great power struggle or corporate race here? Just racism against chinese people for being chinese? That is your claim specifically?

    • ToucanLoucan  1 day ago

      Oh there most certainly is a power struggle/corporate race, for sure. AND I don't think it's pure economics at all, when so much of the rhetoric around that struggle is framed so often with this "America has to defend itself," "China will kill us," "shoot all the communists," ooh-rah United States chest-pounding, etc., it's simply impossible to have that discussion be anything close to good-faith.

      If you want my honest take, I think we're well into the beginnings of the downfall of America as the center of world economics, largely and wildly by it's own unnecessary actions, and soon, she will have to learn to be "just another country" as opposed to the central unified "norm" that pervades the world markets, and I'm not sure the U.S. is prepared for that. And I bring that up because I don't think American firms have ever had to contend with other nations being on a footing to, if push comes to shove, tell them to fuck off.

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