I would argue that it is in fact bad because it’s a threat to national security and sovereignty. The Europeans are now finding out that they’re unable to produce things domestically that their people need, and have become entirely reliant on US energy exports and military protection.
Yeah, kind of, but under a capitalist system where workers can’t reap the benefits of automation and much labor is still performed in the imperial periphery it is negative.
Bad for who
It is a pretty bad deal for Western workers that our economies have deindustrialized. But that’s not China’s fault, that’s our ruling classes’ fault.
Deindustrialization itself isn’t really bad. It’s a neutral thing.
I would argue that it is in fact bad because it’s a threat to national security and sovereignty. The Europeans are now finding out that they’re unable to produce things domestically that their people need, and have become entirely reliant on US energy exports and military protection.
Yeah, kind of, but under a capitalist system where workers can’t reap the benefits of automation and much labor is still performed in the imperial periphery it is negative.