In response to the trade war, the Asian giant is investing billions of dollars abroad in plants, especially in industries linked to the energy transition
  • njm1314@lemmy.world
    10·
    2 months ago

    And then we have mass worker revolts to seize the means of production in these countries right? Right?

    • CyberMonkey404@lemmy.ml
      133·
      2 months ago

      Woulda been funny. Not just for the obvious benefit of having an uprising and potential revolution in Europe, but also to see how genuine those “red millionaires” are about socialism with Chinese characteristics

      • Cowbee [he/they]@lemmy.ml
        81·
        2 months ago

        A bit nitpicky, but the idea behind SWCC isn’t that the Capialists in the PRC are “the people’s Capitalists” or anything, but that the State as a DotP allows market competition in a controlled manner similar to a birdcage. As these markets form monopolist syndicates, they centralize, and socialize, by which point the CPC increases public owership. Communism is achieved by degree, not by decree. Trying to achieve Communism through fiat has historically resulted in struggles and difficulties.

        I recommend reading Socialism Developed China, Not Capitalism for an overview of what that entails.

  • Pika@sh.itjust.worksEnglish
    62·
    2 months ago

    I’m not sure why we care. It’s just simple competition, if your opponent is able to sell a cheaper product, either lower your price or deal with it. It’s basic capitalism.

    While I’m for tariffs on import to at least make cost equal to minimum wage for workers (to equate for the pay wage differential) if the factories are being built in house, it means they are following country standards including wages, I don’t see the issue.

    • TheOubliette@lemmy.ml
      16·
      2 months ago

      Free market propaganda has never been applied under equal circumstances. It is rhetoric used by capital to reduce or destroy regulations, labor, national sovereignty, etc. Western industrialized capitalist coubtries built their industry and infrastructure using tariffs to protect it, then turned around and demanded the opposite from other countries so that they would have to buy their products and sell whatever those colonizer countries wanted (at the time, usualky raw materials).

      Now that other countries are ascendant, US-based “free market” capital is gladly re-embracing protectionist logic. It has only ever been about maximizing their profits. The “theory” of free markets tails capital, it isn’t a science or even a valid line of thought.

  • QuarterSwede@lemmy.world
    55·
    2 months ago

    Seems like a short lived plan. Just need to change laws so that Chinese owned vehicles have a tariff, no matter where they’re made. Of course, then they just create shell companies in the states/EU and the game of cat and mouse continues.