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Perhaps I'm being xenophobic but seems pretty obvious to me that the state-owned and massively subsidized companies of China are just plain dangerous because China uses its state-owned enterprises as a strategic tool of the state. By pretending they are private companies abiding by free-market rules.
Most assuredly true as I stated. It is as I stated, our own shortsightedness and greed. On the other hand read again the part you quoted "the state-owned and massively subsidized companies of China are just plain dangerous because China uses its state-owned enterprises as a strategic tool of the state. By pretending they are private companies abiding by free-market rules."with open arms because of the profit margins.
Subscribe to read | Financial TimesMost assuredly true as I stated. It is as I stated, our own shortsightedness and greed. On the other hand read again the part you quoted "the state-owned and massively subsidized companies of China are just plain dangerous because China uses its state-owned enterprises as a strategic tool of the state. By pretending they are private companies abiding by free-market rules."
Again, I may be entirely off base here but I see China as a highly dangerous and aggressive entity that we are at war with even though no one is shooting bullets. In terms of the quote often attributed to Yamamoto: I fear all we have done is to awaken a sleeping giant and fill him with a terrible resolve.
China has 2 things.
They don't need to go to war. They just start selling the treasury bonds, and financially cripple the US.End of day if China did loan trillions then that's good business.
Can't go to war with USA unless they pay it back!
Destruction? I don't think so. More like subjugation. We're far more useful to them enslaved and exploited than destroyed. In the oriental mind, that would be the harmonious and just retribution for what we (the white western world) subjected them to for centuries, as well as being economically advantageous.I would rather purchase from a former enemy who has become a loyal ally, than to deal with someone who has your destruction in mind in every transaction.
Destruction? I don't think so. More like subjugation. We're far more useful to them enslaved and exploited than destroyed. In the oriental mind, that would be the harmonious and just retribution for what we (the white western world) subjected them to for centuries, as well as being economically advantageous.
Yes, they are gradually evolving from a producer society to a consumer society, as we did, and accumulating a gigantic quantity of capital, as we did, and will eventually get too proud and too affluent to take care of their own menial needs, as we now are, and will need a compliant, cheap, expendable labor force to do their dirty work, which we will be, and they have been.The US is a consumer society - they consume goods, China is largely a producer. A weak US isn't an advantage for China at all.
You may not see it from inside the US, but China are just doing what the US have done for many years, IMO.