The most durable solution to the us. China rivalry, and what will be required to prevent conflict,. is both the us. And china engaging in massive economic redistribution at home. Why? Tes says it has something to do with vast inequality and a lack of effective demand relative to the productive capacity that lead to this american capital urged to export. But again, that domestic market a let to be bosted through a income with distribution.
The second of our two-part interview with sociologist Ho-fung Hung on Chinese political and economic history. This episode covers the 2008 financial crisis, how China’s response deepened global and domestic economic imbalances and (alongside the US) heightened geopolitical conflict, the current situation—including Russia’s invasion—and a lot more. Listen to part one first if you haven't already.
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