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From my Western European perspective: what's specifically striking is how sentiment towards China has improved in turn. Not sure what caused it exactly, but my
by RestartKernel 11mo ago
From my Western European perspective: what's specifically striking is how sentiment towards China has improved in turn. Not sure what caused it exactly, but my guess is 1) the U.S. as common rival, and 2) the amalgamation of fears of Chinese manufacturing with newfound fears of U.S. big tech into European nationalism to replace some vague sense of "Western" alliance. The latter may be turning China from the big geopolitical rival to be wary of to just another outside force.
- corimaith 11mo agoVirtually every single one of Europe's prized industries are in China's crosshairs.
- RestartKernel 11mo agoNo doubt about that, but I'm talking general sentiment. Not the conclusions you'd get to after careful deliberation.
- illiac786 11mo agothat is true of every country with a significant industry… and if the US had the capability, they would try to do exactly the same. And that’s also a good illustration of sentiment toward the US today.
- corimaith 11mo agoThe US did have that capability from 1945 to the 80s. Clearly Reagan and Clinton were willing to transition to a financialized service based economy and offshore the supply chains elsewhere. Well for the OECD it worked out pretty fine, Japan and Korea provided new markets for USA while standards of living improved. But when you are realistically not expecting to maintain balanced import dependency or public foreign ownership, then it becomes zero-sum. A cynical projection from those less fortunate.
- illiac786 11mo agoFully agreed, they did. They would not anymore, this is my perception/sentiment.