there is no replacing the US consumer market, other markets are already oversaturated with Chinese exports, and quite simply are not as wealthy as the US
This is not true. The tariff war is a prime opportunity for China to develop its own “internal circulation”, aka domestic consumer base (the CPC’s own terminology and stated goal) and to increase consumption/development in the global south. The US “consumer base” and “wealth” for imports is really just the American heavenly tribute that it extracts from the world. The US gets commodities on debt that it has no intention of ever paying back, while the rest of the world is forced to trade US debt with each other if they want to do business.
The loosening of tariffs is a missed opportunity. The Chinese government could have continued to maintain pressure on the US. And while it’s true that this would have caused damage to export oriented businesses in China, China has a planned economy and certainly could print money to support these export oriented businesses. It could bouy its export industries by providing loans in Yuan to developing countries, so they can purchase Chinese products. The latter policy would pair well with China’s earlier decision to remove all tariffs on low-income countries (a much welcome move). Both China and the global south could then trade goods with each other using Yuan or alternative currencies.
The only good part about this move is that it gives Chinese policy makers more time to consider consider their options and take things slowly. However, this time is fundamentally limited, as the American imperialists are becoming increasingly impatient and belligerent.
they do to a far stronger degree then most modern nations but still fundamentally do market socialism. pushing the communism button would be irreversible one way trip and might be far too early to do that
The only good part about this move is that it gives Chinese policy makers more time to consider consider their options and take things slowly
It is clear there is no consideration in China beyond “line go up” when it comes to their capitalism action plan. This is the fundamental issue that the USSR had to contend with in the 20s-40s, which ultimately planted the seed for fascism, reaction, and the eventual dissolution of the USSR.
It is clear there is no consideration in China beyond “line go up” when it comes to their capitalism action plan.
Certain factions in the CPC have this view, but there was an ideological struggle in the CPC a little bit before Xi became president precisely around this issue, and Xi’s victorious faction has made significant efforts in curbing liberalism. So this isn’t an accurate reading of the modern CPC.
This is the fundamental issue that the USSR had to contend with in the 20s-40
I think it’s kinda crazy to accuse the Stalin administration of being concerned solely with enacting some “capitalism action plan”. And while the USSR during this time was certainly very focused on increasing economic growth as rapidly as possible, this was absolutely necessary to ensure the survival of the Russian revolution (and the Russian people). The real seed of reaction was sown by Krushchev and the failure of the CPSU during that era of filling the loss of high quality and young party cadres in the aftermath of WW2.
This is not true. The tariff war is a prime opportunity for China to develop its own “internal circulation”, aka domestic consumer base (the CPC’s own terminology and stated goal) and to increase consumption/development in the global south. The US “consumer base” and “wealth” for imports is really just the American heavenly tribute that it extracts from the world. The US gets commodities on debt that it has no intention of ever paying back, while the rest of the world is forced to trade US debt with each other if they want to do business.
The loosening of tariffs is a missed opportunity. The Chinese government could have continued to maintain pressure on the US. And while it’s true that this would have caused damage to export oriented businesses in China, China has a planned economy and certainly could print money to support these export oriented businesses. It could bouy its export industries by providing loans in Yuan to developing countries, so they can purchase Chinese products. The latter policy would pair well with China’s earlier decision to remove all tariffs on low-income countries (a much welcome move). Both China and the global south could then trade goods with each other using Yuan or alternative currencies.
The only good part about this move is that it gives Chinese policy makers more time to consider consider their options and take things slowly. However, this time is fundamentally limited, as the American imperialists are becoming increasingly impatient and belligerent.
they do to a far stronger degree then most modern nations but still fundamentally do market socialism. pushing the communism button would be irreversible one way trip and might be far too early to do that
It is clear there is no consideration in China beyond “line go up” when it comes to their capitalism action plan. This is the fundamental issue that the USSR had to contend with in the 20s-40s, which ultimately planted the seed for fascism, reaction, and the eventual dissolution of the USSR.
Certain factions in the CPC have this view, but there was an ideological struggle in the CPC a little bit before Xi became president precisely around this issue, and Xi’s victorious faction has made significant efforts in curbing liberalism. So this isn’t an accurate reading of the modern CPC.
I think it’s kinda crazy to accuse the Stalin administration of being concerned solely with enacting some “capitalism action plan”. And while the USSR during this time was certainly very focused on increasing economic growth as rapidly as possible, this was absolutely necessary to ensure the survival of the Russian revolution (and the Russian people). The real seed of reaction was sown by Krushchev and the failure of the CPSU during that era of filling the loss of high quality and young party cadres in the aftermath of WW2.