by Summary:
The pros and cons of capitalism. Chimerica was great while it lasted — until the US elite realized that globalization is not necessarily in the interest of the American Empire unless the US is in complete control of it. Thus, the "pivot to Asia" and the attempt to impose a American"rules-based-order" where the "exceptional" and "indispensable" county makes the rules to suit its imperial interests. What's not to like and what could go wrong?Naked CapitalismJames Galbraith: China and Supply Chains – The White House Review’s Focus on US DepenedenceYves Smith See alsoAsia TimesAmerican ‘decoupling’ from China, deconstructedUrban C. LehnerThe ironic thing is that as the West decouples from China, China will have the space to balance it's economy away from foreign-investment, export-driven
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
The pros and cons of capitalism. Chimerica was great while it lasted — until the US elite realized that globalization is not necessarily in the interest of the American Empire unless the US is in complete control of it. Thus, the "pivot to Asia" and the attempt to impose a American"rules-based-order" where the "exceptional" and "indispensable" county makes the rules to suit its imperial interests. What's not to like and what could go wrong?The pros and cons of capitalism. Chimerica was great while it lasted — until the US elite realized that globalization is not necessarily in the interest of the American Empire unless the US is in complete control of it. Thus, the "pivot to Asia" and the attempt to impose a American"rules-based-order" where the "exceptional" and "indispensable" county makes the rules to suit its imperial interests. What's not to like and what could go wrong?Naked CapitalismJames Galbraith: China and Supply Chains – The White House Review’s Focus on US DepenedenceYves Smith See alsoAsia TimesAmerican ‘decoupling’ from China, deconstructedUrban C. LehnerThe ironic thing is that as the West decouples from China, China will have the space to balance it's economy away from foreign-investment, export-driven
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Robert Vienneau writes Austrian Capital Theory And Triple-Switching In The Corn-Tractor Model
Mike Norman writes The Accursed Tariffs — NeilW
Mike Norman writes IRS has agreed to share migrants’ tax information with ICE
Mike Norman writes Trump’s “Liberation Day”: Another PR Gag, or Global Reorientation Turning Point? — Simplicius
Naked Capitalism
James Galbraith: China and Supply Chains – The White House Review’s Focus on US Depenedence
Yves Smith
See also
American ‘decoupling’ from China, deconstructed
Urban C. Lehner
The ironic thing is that as the West decouples from China, China will have the space to balance it's economy away from foreign-investment, export-driven toward state-funded, domestic-driven. This is the direction in which China is already heading anyway. So expect import substitution and increased attention on Central Asia including Russia, Africa and Latin America, where China has already made strong inroads in isolating the Global East/South from the Global North/West. After the Modi government, India will also realize that it belong with the Global South/East rather than with its previous colonial masters it still emulates. That is coming to an end.