• 3 Posts
  • 1.28K Comments
Joined 2 years ago
cake
Cake day: June 18th, 2023

help-circle







  • Buffalox@lemmy.worldtoWorld News@lemmy.worldU.S. Tariffs Make Xi Jinping’s Day
    link
    fedilink
    English
    arrow-up
    4
    arrow-down
    3
    ·
    edit-2
    2 days ago

    Capitalism is not really a political system, it’s an economic model embraced by basically all political systems except communism.
    Almost every country on earth is capitalist in some way to some degree, even most communist systems.
    https://en.wikipedia.org/wiki/Capitalism

    characterized by private property … wage labor,

    All countries have private property and wage labor to some degree.

    private ownership of the means of production

    This characteristic has only been seriously challenged in communist systems, and while communist systems that do that have failed often, Capitalism remains by far the most successful economic model.

    This may change at some point in the future, when work is no longer necessary.
    But regulating capitalism according to political desires is the way to go (free market regulation). Currently abandoning capitalism is nothing but a pipedream.


  • That’s horse shit.

    No it’s not, The US and allies control WTO, and China was only allowed trade on WTO terms after they accepted to follow the WTO standards, basically designed by USA like for instance respecting copyright and patents. Chinese foreign trade was absolutely controlled by the “west”, and American politicians have openly stated how they need to prevent China from expanding their influence. Which obviously regards both economy and politics.

    Regarding Vietnam I’ve heard many places that Vietnam absolutely want to remain/increase independence from China, and they worry China has too much power in the region. So the phrase “In Asia, countries such as Vietnam hoped expanding trade with the U.S. would allow them to wriggle out from under Beijing’s thumb.” Seems justified to me from what I’ve heard.

    Of course they also want to remain on friendly terms with China, but they probably don’t want to be too dependent on a single country.