335 | America's Pacific Power Paradox and the Roots of Asia's Instability with Van Jackson
The Realignment
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What Do You Think About US-China Relations?
Evan Feigenbaum is a China expert and former Bush administration appointee. He says the WTO decision was downstream of other things, and so I don't think it was very decisive on its own. The pivot point, if you will, of this large relationship was I think the Asian financial crisis in 1997, 98. We created a structure that incentivized labor suppression in these countries, made them vulnerable to like currency speculation and capital outflows. That's what creates balance of payments crises. And then they become reliant on the IMF, the IMF, wants to, right? And then they're fucked.
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