alt Hacker NewsWhat many people don't realize is why is America suddenly caring about manufacturing everything inhouse when Elites decided earlier Globalization was good, because China wants to command respect more than America. That is also the reason why Gold is pushing higher. If China was nobody, no nation would care for gold. So all these unnecessary downstream reasons distort what is actually going on.
If there was no China, Globalization would spread very strongly with Bangladesh manufacturing clothes and Milan doing the fashion show. All those calculations are coming undone. So please keep this main reason front and center when we discuss this matters.
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That’s a good point. I’m also going to bring race into this and say it’s also because the Chinese are not white. The same type of rhetoric was said about Japan in the 80s, but barely about Germany.
Even with how long Russia has been an antagonist, they are still seen as a “wayward brother.”
Toyota would have gone bankrupt in post-War Japan if it wasn't from massive US demand in the Korean War.
The Vespa popularized by Hollywood's Roman Holiday propped up a post-War Italy.
Ping-Pong Diplomacy of the 70s gifted China its electronics manufacturing (think: PONG) turning it from a 3rd world backwater to what it is today. The exchange was in removing the 'Gang of Four' and the drugs associated with it.
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The US was put into a privileged position as reserve currency of the WORLD in Bretton Woods. This is with the understanding/responsibility that the US would act as World Police and prop up foreign economies.
That is the system that is ending.