by Trapped in a groundswell of anti-China sentiment, US President Joe Biden’s team appears to be staying the course set by the previous administration. A better way would be for both sides to go back to basics – the economics and trade issues that have long anchored the US-China relationship.Poisoned relationship. There is more to it, however. A big reason for the Chinese sentiment other than the constant propaganda in the media and from politician is the precariousness of the middle class and the condition of the working class. "China" is used as a scapegoat to deflect from the consequences of neoliberal policy choices and institutional arrangements. ("Russia" on the other hand is used to feed what Ray McGovern calls the MICIMATT
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
NewDealdemocrat writes March JOLTS report: declines in everything, fortunately including layoffs
NewDealdemocrat writes Manufacturing treads water in April, while real construction spending turned down in March (UPDATE: and heavy truck sales weren’t so great either)
Eric Kramer writes Eric Segall tells us what he really thinks about the Roberts court
Angry Bear writes Supreme Court watchers mollified themselves (and others) with vague promises
Trapped in a groundswell of anti-China sentiment, US President Joe Biden’s team appears to be staying the course set by the previous administration. A better way would be for both sides to go back to basics – the economics and trade issues that have long anchored the US-China relationship.
Poisoned relationship.
There is more to it, however. A big reason for the Chinese sentiment other than the constant propaganda in the media and from politician is the precariousness of the middle class and the condition of the working class. "China" is used as a scapegoat to deflect from the consequences of neoliberal policy choices and institutional arrangements. ("Russia" on the other hand is used to feed what Ray McGovern calls the MICIMATT (Military-Industrial-Congressional-Intelligence-Media-Academia-Think-Tank complex.)
Project SyndicateBoxed In On China
Stephen S. Roach, a faculty member at Yale University, former chairman of Morgan Stanley Asia, and the author of Unbalanced: The Codependency of America and China.