barbos
Contributor
First half of this youtube is an interview with an US economist/professor. They are talking about how China is basically eating your lunch.
I remember living in 1990s Russia and wondering why is everything so shitty. Standard answer was - commies, lack of democracy and the rest.
But modern China is not "democratic" and it looks like Western economies successes of the second half of the last century were not exactly due to democracy. US especially, you were sole winners of the WW2 and had to have the best everything simply by default. Things were extremely good in the West and shitty elsewhere. Then at some point capitalists decided to use chinese labour in order to increase their profits. And 40 years later Communist China is better than you at .... capitalism. And US is trying hopelessly to stop China's economy.
Think about it. Trump is seriously trying to sanctions countries for NOT using US dollars. How the fuck is that can appear legal?
And combine it with US banning Russia for using dollars. Are you insane?
I remember living in 1990s Russia and wondering why is everything so shitty. Standard answer was - commies, lack of democracy and the rest.
But modern China is not "democratic" and it looks like Western economies successes of the second half of the last century were not exactly due to democracy. US especially, you were sole winners of the WW2 and had to have the best everything simply by default. Things were extremely good in the West and shitty elsewhere. Then at some point capitalists decided to use chinese labour in order to increase their profits. And 40 years later Communist China is better than you at .... capitalism. And US is trying hopelessly to stop China's economy.
Think about it. Trump is seriously trying to sanctions countries for NOT using US dollars. How the fuck is that can appear legal?
And combine it with US banning Russia for using dollars. Are you insane?