Geopolitical Economy Report
US can't compete with China's technology, so it wages economic war
Mar 6, 2024
Ben Norton, a commentator on China's emergence as an industrial powerhouse, dives into why the U.S. is escalating economic hostilities against China. He explains how China has become the world's leading manufacturer and is dominating green technologies like solar energy. Norton critiques the hypocrisy of the West regarding climate policies while highlighting the contradictions in its approach to free trade. He suggests that the U.S. is struggling to compete due to its neoliberal model, as Chinese state-led industrial development thrives.
44:22
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Quick takeaways
- The United States is engaging in a bipartisan economic war against China to combat its dominant manufacturing and technological advancements.
- The clash between Western neoliberal capitalism and China's state-led socialism exemplifies the hypocrisy of developed nations in their trade policies.
Deep dives
Economic Warfare and Political Dynamics
The United States is engaging in an economic war against China, driven by both major political parties. This conflict has intensified as leaders like Trump and Biden have proposed aggressive policies, including steep tariffs on Chinese imports, which could decimate trade valued at around $575 billion. The Biden administration's push for export restrictions and the consideration of tariffs on specific sectors like electric vehicles further highlight the bipartisan consensus against China. This shift illustrates a growing antagonism in Washington fueled by concerns over China's expanding economic influence and manufacturing capabilities.
