The article below, written for Friends of Socialist China by Shiran Illanperuma, addresses the latest ideological weapon in the Biden-Trump trade war against China: that of ‘overcapacity’. According to Western politicians and neoliberal economists, China’s industrial subsidies and production capacity are to blame for the US’s trade deficit and its apparent inability to reindustrialise its … Continue reading On China’s overcapacity
At its core, the issue boils down to China’s success in charting its own path, which is proving more effective. This is what truly irks them. It’s the realization that China is showcasing a viable alternative to the neoliberal dogma they have been peddling. As such, they’re insisting that China has to halt its progress.
At its core, the issue boils down to China’s success in charting its own path, which is proving more effective. This is what truly irks them. It’s the realization that China is showcasing a viable alternative to the neoliberal dogma they have been peddling. As such, they’re insisting that China has to halt its progress.