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Would a more accurate description be that China is "militarizing," its tech sector instead of "nationalizing" it? When we think of nationalization, we tend to
by motohagiography 9y ago
Would a more accurate description be that China is "militarizing," its tech sector instead of "nationalizing" it?
When we think of nationalization, we tend to think of centralized control by committee, removal of competition, five year plans etc. But militarization of an economy, like that of Britain during WWII, means working toward and pricing based on a shared (if mandated) national objective.
Western aviation is largely militarized in this sense, and looking at communications tech in China the way we look at aviation here is probably a better simile.
There is a tendency to portray the Chinese communist party as a farce of clumsy peasants toeing the party line and driving their economy into ruin, as though they were the bolsheviks or Stalin's apparatchiks. Those tropes do a disservice to those of us who really do need to be aware of the sophistication and hyper-aggression of Chinese economic warfare.
Viewing China as an "emerging," economy and society presumes the end state will evolve to something resembling western democracy and a free market economy, which is the very hubris they are exploiting to consolidate and militarize their industries and territories for global expansion.
It would be helpful to everyone to elevate the quality of discussion of these topics, as CFIUS will only protect us so much.
- sah2ed 9y agoYou make an excellent point about nationalization being an inaccurate metaphor. China sees it tech industry as a strategic asset the way the US and Russia see their defence industries as strategic towards advancing their goals as super/regional powers, so in a sense, militarization is probably a better metaphor.