It's always funny to me that the CPC outright told everyone what they were going to do when inviting in foreign capital, ie maintaining socialism and tightly controlling foreign penetration, and yet the US Empire took the bait hook, line, and sinker and hollowed out all of their industry. As the US Empire dies, all the PRC needs to do is keep up with developing and building multilateral relationships with the global south. Anyone could have seen this coming, but now that the consequences are coming up people are acting surprised.

[–] jackeroni@lemmy.ml 10 points 2 days ago (1 children)

Crazy, a competent government embracing socialist ideals would be successful, who would have thunk it! 😁

As the US Empire dies

Never thought i would see the day in my lifetime, but i'm thinking i might actually now!

[–] Cowbee@lemmy.ml 6 points 2 days ago

Decades, nothing, weeks, decades, etc. etc. The contradictions within the Empire are piling up, while the global south is building upward!

[–] BCsven@lemmy.ca 3 points 1 day ago (2 children)

What is puzzling is the US acts all protectionist and copyrighty, until they want to do business in China, and China says yes come on in we will hold 51% of the business and you sign over your IP. And the greed of getting cheaper products made (to increase profits) has them drooling over the pen as they sign away their IP.

There have been a few big name businesses I've had dealings with whom, for cost reduction, have moved their design, manufacture and assembly to China. The day China decides to block it all that western company has no company* and no product.

they may exist as a company but nobody in their organization would have the skill or knowledge to redevelop the product, as China just ships final products and doesn't hand over data or tech info.

[–] Cowbee@lemmy.ml 7 points 1 day ago

Yep, but the reason it happens is as Yogthos said, if company A knows it's a trap but doesn't do it while company B does, A goes under. Capitalism will always seek higher profits, even to its own demise.

[–] yogthos@lemmy.ml 7 points 1 day ago

I mean that's how capitalism works. Companies compete with one another and they have to show quarterly profits to their shareholders. If even one company decides to give up their IP in order to do business in China, that means the rest of the companies that are competing with it are forced to do the same. If they don't, they will lose market share and eventually go out of business.

[–] blackbeards_bounty@lemmy.dbzer0.com 3 points 1 day ago

I wouldn't say do nothing.. quite active