US, EU economic system struggling to 'survive' against China, US trade chief warns
US, EU economic system struggling to 'survive' against China, US trade chief warns
The US and European market-based economies are struggling to survive against China’s "very effective" alternative economic model, a top US trade official warned on Thursday (4 April).
“This is something that will require intervention,”
Good. Maybe we'll have fewer wara thanks to this.
“Now, no one — certainly not me — is discounting the power of markets,” Sullivan noted at the time. “But in the name of oversimplified market efficiency, a large non-market economy had been integrated into the international economic order in a way that posed considerable challenges.”
HORSESHIT. Boils my blood hearing rich industrialist propaganda on why they run and cry to their government about having to compete.
rich industrialist propaganda
You can just say capitalist propaganda lol
Translation: "We lied to you all about government ownership of businesses being a bad thing. We're going to keep lying and hope you're too stupid to realize it, dipshit."
"Struggling to keep its rich people as rich as possible while exploiting everyone else."
Well, you let your industrialists out of their pen and those assholes ran amok, doing everything they can to not pay workers fair and livable wages.
This only worked so long as the pitiful wages were far better than what the people in those countries could get. Now that China and other countries catch up with the west they bitch about "IP theft" and other dogwhistles... anything except paying decent wages and taking less profit for themselves.