
How China became the world's industrial superpower - and why the US is desperate to stop it
Geopolitical Economy Report
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The Rise and Fall of Neoliberalism in the US
In 1965, about one third of workers were employed in industry. In 2000, around 2008, 2009, the financial crash, and it has been stagnant at a low point of fewer than 10% of workers working manufacturing. This is what a deindustrialized economy looks like. And at the same time, as the US economy has deindustrialized, China has massively industrialized and become the world's manufacturing superpower. So we need to keep those two things in mind that the neoliberal capitalist model in the US led to financialization and deindustrialization,. whereas the Chinese model, the market socialist model of socialism, the Chinese characteristics led to massive industrialization. The U.S., which has deindustrial
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