8 ms·

Matt Stoller has been doing some coverage on just how much control China has built in Western economies. Quite scary. https://mattstoller.substack.com/p/how-jo

Matt Stoller has been doing some coverage on just how much control China has built in Western economies. Quite scary. https://mattstoller.substack.com/p/how-joe-biden-empowered-chinas-censorship https://mattstoller.substack.com/p/how-joe-biden-empowered-c...

megous 7y ago
It's called trade. US americans send $ to China for cheap goods and manufacturing, Now, Chinese have $ to spend in the US. Not really scary. It's better for superpowers to have intertwined economies, rather than be isolated. Less incentives for conquest and war.
- delfinom 7y ago
  Not really. One super power now has majority ownership of the other. They can now conquest with little business disruption ;)
  - thieving_magpie 7y ago
    > One super power now has majority ownership of the other. A few companies and minority ownership stakes does not mean any super power owns the majority of another super power. That's a wide gulf.
- papreclip 7y ago
  This is conquest. The chinese are gradually accumulating wealth and control in our country. Their laws prohibit foreigners from doing the same in their country. I can have a chinese landlord gouging me for west coast rent but can never be a landlord in china.
  - isthisreality 7y ago
    I find it suspicious that silent conquest of this kind is not spoken about more in politics. It's a very real threat to US sovereignty, especially with superpowers like China and Israel.
    - diveanon 7y ago
      It is spoken of, but it is often dismissed as protectionism. I don't agree with Trump on pretty much anything except for his stance on Chinese trade. There is an imbalance that needs to be addressed that is being completely ignored by the progressive candidates. Not saying it will make me vote for the guy in 2020, but it will be a key issue for many others.
  - megous 7y ago
    You can't really exploit cheap labor and buy huge amount of cheap stuff and then expect those people to not buy anything back from you. And yeah, they'll not be buying the same kind of crap from you that they're manufacturing and selling to you. So they buy land, companies, anything comparatively valuable to them that they can afford. You can prevent foreigners from buying/owning land/property in US, but that will just lower the value of US dollars held by foreigners significantly and your currency will crash in value. The foreigners already hold too much US dollars. The ship has sailed. You'll pay either way for enjoying the fruits of cheap foreign labor in the past. It's either devaulation of your currency, or accepting that foreigners will get a piece of US land.

megous 7y ago

It's called trade. US americans send $ to China for cheap goods and manufacturing, Now, Chinese have $ to spend in the US. Not really scary. It's better for superpowers to have intertwined economies, rather than be isolated. Less incentives for conquest and war.

delfinom 7y ago
Not really. One super power now has majority ownership of the other. They can now conquest with little business disruption ;)
- thieving_magpie 7y ago
  > One super power now has majority ownership of the other. A few companies and minority ownership stakes does not mean any super power owns the majority of another super power. That's a wide gulf.
papreclip 7y ago
This is conquest. The chinese are gradually accumulating wealth and control in our country. Their laws prohibit foreigners from doing the same in their country. I can have a chinese landlord gouging me for west coast rent but can never be a landlord in china.
- isthisreality 7y ago
  I find it suspicious that silent conquest of this kind is not spoken about more in politics. It's a very real threat to US sovereignty, especially with superpowers like China and Israel.
  - diveanon 7y ago
    It is spoken of, but it is often dismissed as protectionism. I don't agree with Trump on pretty much anything except for his stance on Chinese trade. There is an imbalance that needs to be addressed that is being completely ignored by the progressive candidates. Not saying it will make me vote for the guy in 2020, but it will be a key issue for many others.
- megous 7y ago
  You can't really exploit cheap labor and buy huge amount of cheap stuff and then expect those people to not buy anything back from you. And yeah, they'll not be buying the same kind of crap from you that they're manufacturing and selling to you. So they buy land, companies, anything comparatively valuable to them that they can afford. You can prevent foreigners from buying/owning land/property in US, but that will just lower the value of US dollars held by foreigners significantly and your currency will crash in value. The foreigners already hold too much US dollars. The ship has sailed. You'll pay either way for enjoying the fruits of cheap foreign labor in the past. It's either devaulation of your currency, or accepting that foreigners will get a piece of US land.