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lenerdenatoryesterday at 5:44 PM1 replyview on HN

> It's symbolism. But it's important symbolism. Far more notable, I think, is Macron saying this morning that Europe needs more investment from China. Canada signing a deal with China to allow their cars to be sold in the country.

The better move would be to invest internally. China wants a hegemony, whether they acknowledge it out loud or not. As Europe and Canada start seeking Chinese investment, the Chinese will seek something in return. They're not doing this out of the goodness of their hearts.

I'd also like to think that the American/Western investment in places like China and Russia are part of how we got to where we're at now. It became apparent for Western capital that human rights aren't necessarily compatible with economic growth and can even run contrary to it. Eventually that mindset permeates a society, and it has in the US. A large plurality of the population thinks that a billionaire strongman is necessary to remain competitive in the global marketplace. This mindset didn't show up overnight, it was a slow burn.

Some of it was fueled by the demographic transitions of the last fifty years, some by American economic anxiety - which was caused by American/Western investment in China - and the rest of the West has the same problems in those departments that the US has to one extent or another. The European/Canadian welfare state that provided protection from some of the economic anxiety that was seen in the US must get its funding from somewhere, and you get it from taxing economic expansion. Economic expansion relies on at least some population growth. Right now, you don't see native population growth in most Western countries. They have to have people immigrate in to stay competitive. In pretty much all of these countries, you've seen at least some friction between the "native" population and immigrants. You'll see more of that in the future, and that's how the Canadian/European Trump will show up. Doubly so in Europe, because their nation-states are partially defined in terms of ethnicity.


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Barrin92yesterday at 11:59 PM

>the Chinese will seek something in return. They're not doing this out of the goodness of their hearts.

of course they aren't but it's also obvious what they want. Design a new global order where they have a seat at the table and get to determine standards, processes and technologies. That's the point of investing in telecommunications, cars, and so on. But what they don't want is annex European territory.

China is still ambitious enough to imagine itself as creating new international orders rather than just creating disorder, and so they'll likely make for a better partner for any civilized country than powers that descend into 19th century colonial neo-imperialism run by people who may as well come straight out of the Warhammer universe.

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