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Comments: American Industries are collapsing
American Industries Are Collapsing
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American Industries are starting to fall. Can America recover from its mistakes and take back what's theirs?
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Difference Frames the World
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162 Comments
Eng Lam Yeo
Add a comment...
@fredlim9031
5 days ago
Boeing made in Endia ??? Boeing is going from bad to worst ! Made in Endia spells disaster ๐ฎ
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4 replies
@twu905
4 days ago
Make America Great Again clearly admits that America is not great anymore.
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@multipolarworldorder
5 days ago
The HEGEMON is finished.
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5 replies
@prikitieuw1386
5 days ago
Gone With the Wind
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@kubaebo6930
5 days ago
If manufacturing returns to America, who will buy their expensive products?
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16 replies
@deepone5005
5 days ago
The US is done.. Period.
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5 replies
@duinay3
4 days ago
if manufacturing was profitable in the US, it would already be made in the US
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@mohmeegaik6686
4 days ago
Thank you for the concise history of the period of THE US industrial past.
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@GoldNugget138
5 days ago
Complacency is a killer
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@wongcilik5960
5 days ago
KARMA OF ACTIONS.
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3 replies
@dennislam2340
5 days ago
Built bad backward.
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3 replies
@soonlooitan71
5 days ago
America industrial is like sleepy joe keep falling N collapsing ๐
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@taiwanstillisntacountry
5 days ago
Do a vid about American companies with a little-Indian CEO.
How they hire their fellow-citizens to work.
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2 replies
@raymondchan7839
4 days ago
Once collapsed, recovery is a dream. Good luck and god bless. ❤❤❤❤❤
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1 reply
@limhui1176
4 days ago
3 words for the US: corrupt, greedy and bankrupt!
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@Bill-r9z
4 days ago
I work for a US based business. They send work to Canada cause they can’t make the product. Lack of skill !!!!!! ๐ข
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@chowlok5768
4 days ago
The political gangs in Washington violate every principles of capitalism that the US have developed in the past, namely, the market economy. They replaced with their own political agenda and political interference exercise. For example, setting high tariff is by itself a form of protectionism of the worse kind, which can weakened the country's competitiveness and strengthened her competitors. The first step US should take in order to revive her industry is to follow the market principles, that is , select based on the best quality to price ratio, not of political preference. The case in point is Boeing. By NOT subcontract any parts or services to China, the company choose the "Second Best" yet a political ally, i.e., India. The results speak for itself. When an industry deliberately work against the principle of market economy, the whole industry suffers. Worse yet, the result of not getting the best value from the world, you strengthened your competitors, and motivate them to work harder and become stronger to work against you.
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@liaojohnweechun7454
4 days ago
GREAT INFORMATIVE VIDEO ๐
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@simonyu4077
5 days ago (edited)
Why Boeing hires many more engineers in India than in China? Cost consideration or is the present CEO of Boeing an Indian executive?
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5 replies
@henk7356
4 days ago
What is Dave Calhoun's salary as Boeing CEO? According to Nasdaq, Calhoun's 2023 compensation totaled $32.77 million, up 45% from the year before. He received $1.4 million in base salary, $30.23 million in stock awards, and an additional $1.14 million in other compensation. >>> HOW IS THAT POSSIBLE IN A CRUMBLING COMPANY ????
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@Bill-r9z
4 days ago
Countries should only manufacture thing that they are good at. Us is not good at anything.
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@nyachah1908
4 days ago
Thankful to you geopolitics is better understood by ordinary people.. awesome!!!
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@nyachah1908
4 days ago
Very insightful always on point.. great job ๐๐ฟ
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@MoneyballTV
4 days ago
Most Americans have forgotten how to work and compete, and must be reminded or compelled.
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@casablanca2778
4 days ago
That's a good news for the US.
Taste your own medicine.
You sanction others is sanctioned yourself ๐๐๐๐๐
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@Ghost-mg5xz
4 days ago
Thank s for the news.
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@cedcol356
4 days ago
It's capitalism that is collapsing
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@ric6074
4 days ago
US products very expensive.
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@DontPanicUsa
5 days ago
Goodbye UAS
☠....RIP
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2 replies
@rashidbagewadi1006
4 days ago
Not industries but America's downfall starts now.
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@andrewlin6136
5 days ago
See this is how you make America great again ๐๐ฎ๐
๐
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2 replies
@yingxu7908
4 days ago
It is rotting off at the fasted time
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@donatwu3128
4 days ago (edited)
US' problem is helplessly structural. It is more than re-industrialization in technical & trading aspects. It has its fundamental problem of how to induce its people to happily engage in manufacturing in lieu of finance & services works. Manufacturing industry needs sufficient market for its products. Would Americans be happy to work hard with pays which are less than before so as to make US products competitive in the world market? To be honest, average Americans do not have the same working skills & attitude as working people of developing countries. How could US compete with others in the world?
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@SelfieKumarJi
4 days ago
You just have to print more money. Everything is going to be alright.
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@radhakrishna1845
5 days ago
Somewhere I saw... Boing's first cheif engineer a Chinese..
B52 Designed by an Indian... Later persecuted....
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@keno6136
5 days ago
And nobody goes to jail
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@Wbliss
4 days ago
Oops ! for Boeing co; disasters waiting round the corner when quality is compromised with outsourcing its labor to another country , not known for aircraft manufacturing prowess !
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@SANN-1969
5 days ago
Enough is enough real life and success no more
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3 replies
@suzannesuzanne8947
5 days ago
MYR 6.00
Thanks
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@hansengkong8186
3 days ago
Superb analysis and insight into the nature of the flaws in policy governing manufacturing in the United States. This is always a structural issue . Structural issues by nature cannot be resolved easily . The fish rots from the head down. The only things preventing a really castastrophic economic implosion are the vast natural resources in a continental size country, in particular , oil and natural gas and ,the immense talent of the ruling elites to make war and manipulate many many other countries , such as Europe, Middle East, Japan, South Korea ,etc. in fear and conflicts with each other to their detriment . The " Wolfowitz Doctrine "(1994-1999) espouses these kinds of policies . Manufacturing is too much of a hard work for them to consider.
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@bboystretch7788
5 days ago
thx guys
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@myk1ll332
5 days ago
HELLO EVERYONE
Watching from KSA
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@DontPanicUsa
5 days ago
Goodbye UAS
RIP
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1 reply
@yu-jd5jg
5 days ago
Not surprising though as many other countries in the world today can produce equivalent products at a fraction of the costs. The good and easy days for the US are well over and it will have to undergo a very long period of painful adjustment and adaptation
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@boomerang1125
4 days ago
Clinton signed NAFTA in 1993. The Obama/Biden administration embraced the Trans Pacific Partnership @ 2010 and we watched most large scale American manufacturing move to China. The engineering, service departments and general administration of the companies stayed in the US but the production, tooling, sourcing of piece-parts and its raw material all moved to China. Sales plummeted. Work forces were laid off permanently and the situation hasn't improved, even with all the political sloganeering and empty promises from both parties. Meanwhile China has been building business relationship with other 'safe' countries, either in Southeast Asia to currently Mexico, to manufacturing their products in those low cost areas to avoid tariffs and Biden's sanctions thus creating an extra link in the supply chain by running 'finished product production' through friendly 3rd countries like Vietnam, India, Thailand, Singapore, now Mexico is in discussions with China, South America is in the process of embracing China. The weaponization of the Petro-dollar is also driving soaring demand by BRICS countries and a long waiting list of other countries who want to join BRICS to drive the "de-dollarization" worldwide, which will result in plummeting value, excessive currency of the world stage which in turn drives up inflation and more misery for the lower, middle and even those entering the professional class. You have to be making well into the 6 digits per household not to be infected by what may become reality by perhaps 2030. Labor Unions are also Dinosaurs and relics of 1924, not 2024. This plummets enthusiasm for "building it in America" if they have to contend with greedy, needy, bad-faith bargaining labor unions who also fight automation, state of t he art manufacturing technologies and try wholeheartedly to keep things as labor-intensive as possible. This is what drove countries to create then flee from "The Rust Belt" during the 1970's. As a baby-boomer who spent 40 years in Corporate America, I saw the whole thing unfold and "blue collar" middle class work forces become hopelessly unemployable as 19th century factories were too costly to upgrade, the OPEC oil embargo of the 70's made energy costs for those almost 100 year old plants non-feasible, unions going on strike demanding more, more, more from an economy in recession and inflation sky-rockets during the inept Carter administration. High taxes and no state government help in potential renovations of aging plants was the deathblow. In sum: American manufacturing has been in a gloom loop since the early 1970's. I realistically see no easy path back nor do I see viable, marketable prices for American consumers if they do move back. After the world recovered from WWII, the American manufacturing sector of the economy has been plummeting.
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@sfukuda512
5 days ago
There is a fundamental threshold that must be met before a nation can be described as a manufacturing nation. Infrastructure: goods must be easy to transport. You don't need high speed rail, but bare minimum are efficient ports and a semblance of order when it comes to freight transport. Education: you need an educated workforce which can adapt to changing times. Due to the policies of both political parties, the education of Americans is abysmal. Ignorant citizens vote for incompetent politicians. This is the preferred arrangement.
My belief is that the US should focus on much more high-end manufacturing: AI chips, pharmaceuticals, exotic materials. China will eventually dominate these industries, but the US has no hope of competing in something like solar panel manufacturing. Thankfully, panels are cheap, meaning cheap electricity for all, unless you are so short-sighted that you put tariffs on them.
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@isokabooks3758
5 days ago
What American industries, Boeing?
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@stevenyong3144
1 day ago
Karma is coming
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@thecomment9489
5 days ago
These videos end abruptly. Please check why and upload full length videos.
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Difference Frames the World
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1 reply
@WoWu-d5x
5 days ago (edited)
Thats the Price for shareholder value
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@stevenlow8452
4 days ago
The best part,they dont know it n thinking everyone is comfortable with their PARIAH BEHAVIOR ?
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@davidchong7984
4 days ago
Google it and you'll find that the first aeronautical engineer employed by Boeing was a Chinese, Wong Tsu ( or Wong Tsoo). In fact, i read somewhere that he was the first Chief Engineer of Boeing. Anyway, in Google it listed a causasian as the first Chief Engineer. Anyway, what i want to stress is that why is Boeing finding it so important to replace the chinese with another race. It's laughable because Boeing's early beginning had a chinese in it too. Maybe you people may want to do a story on Wong Tsu and remand the US government of their stupidity. ๐
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@Raytracer96024
5 days ago
W ameriKKKa
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@karenfreeman1601
5 days ago
Now is the time to duplicate others for items we purchased internationally and can't do without.
We have over 770 interesting global made in America home brands. Plus big guys.
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@chrism2966
5 days ago
For various reasons, US made products are overpriced. Not in the US as they live in a high-price society, but abroad, where standards of living are nowhere near so high, US prices are too high. If living costs in the US can be lowered then US prices will be affordable still. The cost of healthcare, gas, food, power & mains gas need to be lowered. These are all major factors in costs and prices for everyone, every corporation and small business. Lower these and all prices can be reduced.
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@ricksadler797
4 days ago
Yuri besminov much ???
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@TacticalMayo
5 days ago
This is the worst cope I have ever seen. Western companies have left China and are still leaving China. One of the head people at the IMF stated that China can no longer keep economic growth through manufacturing. This is what is known as the middle income trap. The United States is now at 28.6 trillion while the people's Republic of China is still at 18 trillion dollars. PPP per capita does not matter in the world of geopolitics and great power rivalries.
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@thndrngest
5 days ago
Industrialization is a linear process, remember the british auto industry? No, it cannot recover or revive, what is gone, is gone for the nation.
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Wednesday, October 23, 2024
China is not messing around this time. The West is wrned
China is NOT Messing Around This TIme - Here's Why
VRIC Media
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156,132 views Sep 20, 2024
Welcome to the official VRIC channel, This discussion dives into the pivotal role that China's historical lessons, particularly from the Opium Wars, play in shaping its modern financial and technological dominance. As silver flowed into China in the 18th and 19th centuries but rarely left, the nation’s self-sufficiency spurred tensions with Europe, leading to the Opium Wars. The result? A century of humiliation that remains a crucial part of Chinese education and self-perception today. Fast-forward to the present, and China, once weakened by colonial interference, has emerged technologically ahead of the West. However, the conversation touches on whether the West’s recent attempts, such as tariffs, could spark similar consequences in today's global economy.
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VRIC Media
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1,244 Comments
Eng Lam Yeo
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@dfpremier6839
1 month ago
Those countries know what they’d did to China during the more than a century of humiliation . And now thinking they would like to do that again. NO WAY China will let that happen again.
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11 replies
@thabom9791
1 month ago
The first drug lord in history was the king of England.
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15 replies
@Hermit-Crab
1 month ago
If the Jews have the right to say: “Masada shall never fall again”, why can't the Chinese have the right to say: "The century of humiliation shall never happen again"?
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6 replies
@ๆก่็ป้บ
1 month ago
Generally, youths in Taiwan and Hong Kong are also very blind to the fact that China was a victim of war atrocities committed by the West. The distortion of reality by Anglo- Saxon mainstream and politicians is ubiquitous.
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5 replies
@mywong6621
1 month ago
I visited the memorial site for the victims Massacre of Nanjing in ww2. I could not comprehend such evil could do to defenseless victims๐ข๐ข
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@johntan9151
1 month ago
The British India Company grew opium in India, exported the opium to China to get the Chinese hooked on the drugs. What followed was the Infamous Opium War of 1897 in which the Western countries in Europe led by England gave the Opposing Chinese forces a licking in the infamous Opium War in the Battle of Nanking. The Chinese were defeated and had to accede the Island of Hong Kong to UK for 100 years until 1997 when Hong Kong was returned to China. China never forgets that humiliation.
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@waichui2988
1 month ago
It is not just humiliation. Just the Japanese invasion killed tens of millions of people in eight years.
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@derrick238
1 month ago
England and Japan better be not giving China excuses to wipe out their countries for what they did to China.
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@happymelon7129
1 month ago (edited)
๐ข 8 wolf came to eat up China when it was rich.
After WWII no wolf pack want to visit poor China.
Now China is rich again , the wolf pack return...
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@JohnnysCafe_
1 month ago
China still shows an incredible level of restraint. Taiwan is a Provence of China regardless what the media claims and the US loading weapons into Taiwan would be no different to the China sending weapons to the Hawaii independence movement and patrolling the shores keeping US warships away. The US would immediately go to war and the fact that China is seeking a diplomatic answer shows they are not aggressive and show great restraint.
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@maiadazz
1 month ago
This global recession/collapse might end up being a part of us for a very long time. With inflation currently at about 9%, my primary concern is how to maximize my savings/retirement fund of about $680k which has been sitting duck since forever with zero to no gains.
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@ChooPor
1 month ago
Oversea Chinese never forget the humiliation!!
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@tkyap2524
1 month ago
China came into existence through sweat and tears. It's one country now despite diversities. Unity is strength if people can move forward as one.
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@petergreen5337
1 month ago
❤History is a lesson for people and countries. How Europe or America REACT if China HAD DONE this to Europe or America??
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@hehe-mq2bk
1 month ago
the Chinese NEVER forget.
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@yongjianyi3556
1 month ago
I remembered reading China's 13th 5 years plan in 2016, specifically their "made in China 2025" concept. Well done China! It actually worked out brilliantly.
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@drju99
1 month ago
The Opium Wars (1839–1842, 1856–1860) were conflicts between China and Western powers, mainly Britain, over trade and sovereignty. Britain smuggled opium into China, causing widespread addiction. When China banned opium, Britain responded with military force. The wars ended with China signing unequal treaties, ceding Hong Kong, opening ports to trade, and legalizing opium, leading to military defeat, economic exploitation, and loss of sovereignty. These wars marked the start of China’s "Century of Humiliation." China learned from the humiliation, by focusing on modernization, nationalism, and military strength. The defeats taught China the need to modernize its military and economy, which later led to major reforms under leaders like Deng Xiaoping. China also embraced national unity to prevent further foreign domination and shifted toward diplomatic and economic engagement to regain control over its future. Today, these lessons are reflected in China’s global rise and initiatives like the Belt and Road.
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@WalkOverHotCoal
1 month ago
A group of visitors from 20 nations are in China now. They are not there sightseeing, they are checking out what kind of infrastructures they can copy, or learn from China. They are interested in rails systems, especially the software that control the traffic flows. They are interested in the underground tunnels and stations, as well as the efficiency in the communication system. Obviously it has much to do with Huawei because Huawei 5G is the backbone of it all.
An interesting contrast is this...Australia, Japan and India went to the US for the QUAD meetings, about weapons. I suppose that is what the US has to offer for others?
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@kenric1460
1 month ago (edited)
FYI: China did give out subsidiaries to their EV makers. But the amount they gave is less than half of what the US government gave US automakers. When Ford got the subsidiary, they didn't spend it on research, they used to money for a stock buyback to increase shareholder value. The EV channel Electric Viking documented this.
Also Detroit legend Sandy Munro also talked about this on his channel.
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@PVLTD
1 month ago (edited)
Trump: China is going to pay for the tariffs.
People with decent understanding of trade and finance: No, the Americans are going to pay for the tariffs.
American farmers: Why the Chinese stop buying our farm products? I thought you said trade war is easy to win?
Trump: Don’t worry, our taxpayers are going to pay for your losses.
Canadian farmers: China is also stop buying our canola. Our PM said we have to protect our EV industry, even though we don’t have a factory that is making any EV or battery.
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@lityoungkok5879
1 month ago
It will never ever happen again . Imagine pushing drugs to the country .
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@bmk8018
1 month ago
He's a right about the speed with which one can do business in China versus, say, the United States. Take for example, Tesla, who built a factory in Shanghai, China from ground up and had production beginning within 10 months while in Nevada, United States It took at least five years before they could even start production. This kind of lag is absolutely untenable if you want to remain competitive.
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@licheam2007
1 month ago
I will never forget the traumatic experience by our grandfathers during the era of stupid Japanese supremacy during WW2 and also the humiliation created by the West.
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@ceciliawinter3249
1 month ago
Chines have very long memories
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@FerMuBe
1 month ago
There’s a huge difference between an empire and a civilization…
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@kevinl7173
1 month ago (edited)
Actually Chinese people were not weak, they were just polite and courteous people, kind of like good guy finishes last, but Westerners and Japanese thought good manner people were weak at that time. After Mao kicked some asses in the Korean War and Nam War, these western countries finally found out that China wasn't weak at all and then Nixon went to China to talk peace
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@marsdweller7735
1 month ago
China was never messing around. They just found a way out.
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@bluestar2253
1 month ago
I believe the chinese felt much more humiliation from the Japanese Occupation during WW2 than the Opium Wars. Imagine having to endure the September 18 incident and the Nanjing Massacre, and loss of some 37 million chinese citizens during the war with Japan. That could explain the bitterness of China toward Japan.
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@chriswong9158
1 month ago
China’s Century of Humiliation 1839-1949 where Europe want China silver is remember by Chinese
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@ๆด็ผ้็ๅฐ่ๅคด
1 month ago
Thanks for telling the truth
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@ellaaysun6181
1 month ago
I was a stay at Home mom with no money in my IRA or any savings of my own, which was scary at 53 years of age. Three years ago I got a part time job and save everything I make. After 3 years, I am 56 yo and have put $9,000 in an IRA and $40,000 in my portfolio with CFA, Stephanie Janis Stiefel. Since the goal of getting a job was to invest for retirement and NOT up my lifestyle, I was able to scale this quickly to $150,000. If I can do this in a year, anyone can.
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@Rittlesleo
1 month ago
I don’t think most people are aware of much of anything beyond their daily needs and experiences.๐๐๐
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@iamsheep
1 month ago
If Americans don’t understand the effect of “century of humiliation”, just think how 9/11 has affected the US…
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5 replies
@thinkslow2006
1 month ago
An often heard argument in the West is that their colonial crimes happened a long time ago. However, there is a growing international consensus that crimes against humanity are so serious that they should never expire. This is reflected in the Rome Statute of the International Criminal Court (ICC), which states that there is no statute of limitations for such crimes.
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@rg2613
2 weeks ago
As an American, I realize how egocentric and imperial our government is. We have no sense of right or wrong . We just like to stick our nose into everyone’s business even though it really doesn’t have anything to do with us
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@etow8034
1 month ago
A meritocracy versus a plutocracy forms of government ...there is simply no comparison, the handling of COVID is a perfect example of this effectiveness in a meritocracy or lack of in a plutocracy !
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@Mr_LH1980
1 month ago
Good video. But there's something most of you miss about the Opium wars. The opium smuggling into China had a secondary nasty consequence too.
Britain ended slavery in 1833-1838.
By complete coincidence Chinese indentured labourers called coolies suddenly appeared all over the British Empire. Britain ended slavery not because of altruism or how William Wilberforce found it to be horrible as did many. Slavery was ended by the british because something MORE profitable and MORE exploitative was found to replace it.
Slaves? You have to pay for their upkeep, you have to feed them, clothe them and accomodate them.
Indentured labourers they have to work for you until the contract is complete BUT they have to pay for their own upkeep.
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@craigrik2699
1 month ago
It most certainly be very different this time. The last time there was a weak, corrupt emperor sitting on the throne, always goes that way, weak ruler, weak country. Also remember, 99% of the population were peasants at that time. Now, maybe the only illiterate people maybe 70 yo or older. The country is $500 off becoming a high income society (currently average wage is around $12,500, high income mark is $13,000 per annum). At this point, 99% of the population are highly educated, enjoy an ever increasing living age and are patriotic (even the non-communist). Certainly no easy push over for any one, thanks Chairman Mao!
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@afzaalkhan.m
4 weeks ago (edited)
Opium wars ruined millions of Chinese ,but made millionaires in usa ,England .
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@Quilustrucu
4 weeks ago
I remember reading a few years back that China was graduating each year more engineers than all engineers in the USA. It has to start showing.
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@RickBlaine
4 weeks ago
I wonder what would happen if China treated the west the way the west treated China!
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@RoyFJ65
1 month ago
Please highlight who supplied the opium to the east India company next time you mention the opium wars and you will see how deep it goes.
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@psleung74
4 weeks ago
As a Chinese, i won't forget the history.
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@yu-jd5jg
1 month ago
China's President Xi has been saying for many years not to meddle in China's internal affairs to those Western Leaders who care to listen
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@noelkelly4354
4 weeks ago
The real lesson to learn here is that 'trade imbalance lead to trade wars, and trade wars lead to real wars'. Running big trade surpluses have consequences. A lesson no one appears to be able to retain for more than 25 years [Bretton Woods, 1946-1971].
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@joeleongkc2843
1 month ago
China don't need USA consumer base. They can self sustain.
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@findingpath8362
1 month ago
As it stands now; Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject. Thanks to Stacey Macken's program, I've grasped trading concepts, boosting my earnings daily with her insights
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@chrispaul4599
4 weeks ago
The Trouble with the Chinese is that they are Too Bright and Too Hard Working.
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@chuasc1356
1 month ago
Britain is part of 5 Eyes and Japan tried to join 5 Eyes. These countries brought extreme hardships to China. Chinese will never forget and will exact far more against these countries for sure in case of open conflicts
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@Jojo_KokoUK
1 month ago
We will NOT FORGET... NOT FORGIVE
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@DeannaClark-oo9ut
1 month ago
My Dad was a US naval officer in the far East WWII. In 1945 he and his other officers were in Shanghai and welcomed to a gathering at a Mandarin's beautiful home. They ate well and went up to the opium den where my Dad watched the street through a window. He saw the naked bodies of little children floating down the river while people ignored it all. My Dad had been through 3 years of war on an LST and landing craft invasions yet at this he began weeping. He told us a voice in his ear from, well, God, told him, "Everything you see will soon be swept away and changed for China'" He had lots of stories as well about the corruption, the opium, the "system". He kept a laughing Buddha he got in Shanghai all his life and I always enjoyed seeing it as a child.
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@kaibrunnenG
2 weeks ago (edited)
The Opium war, Nanjing, Unit 731 is some of the reason why.
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@ruffleschips9055
1 month ago
The USA can't dodge the bad times that are coming. And it can be partially blamed on the government, and partially the citizens. America is a backslidden country, and can no longer expect God to bless it. In every discussion of how to solve our problems, turning back to God is never discussed.
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@jorgegomez524
1 month ago
They still quite remember the delanos
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@fsteh787
3 weeks ago
For the past 500 years ago China was already a super-power country. From the history we all knew it can survive even without the other countries backup. Always remember Chinese are very particular about education. My parents generation and my too in today’s society. 30 years ago when I visited Chinese museums I already knew it’s impossible for China to continue backward and underdeveloped…
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@hien323fable
2 weeks ago
Instead of just bitching and complaining about how everyone wronged China, the people had a plan and worked hard to get the country to what it is today.
I think motivational speakers should take a leaf out of China and learn how to turn humiliation into something positive and action.
Well done China ๐๐จ๐ณ
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@kaylee8644
1 month ago
love your content! we need to know more about other countries.
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@kmmiller8704
3 weeks ago
The Chinese have a long memory , the opportune time will present itself if one waits long enough .
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@PomegranateChocolate
1 month ago
The century of humiliation hasn't ended. It is ongoing. In February 1951, India invaded and annexed Tawang in South Tibet. Tawang is the Sixth Dalai Lama's birthplace and home to the four-hundred-years old Tawang Monastery. In 1987, India renamed South Tibet the so-called Arunachal Pradesh to obscure its connection to Tibet. Because South Tibet was gobbled up by India under the Chinese Communist watch, this humiliation is not talked about in China because this is inconvenient history for the Chinese Communist Party; hence, almost nobody in China today knows about this recent history.
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@yunliu8448
3 weeks ago
Talking about a century of humiliation to a nation with 5000 years of history is like talking about the C- Einstein got in his art class.๐
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@PhilipWong55
1 month ago
The U.S. maintained its embargo on China during the Great Chinese Famine (1959-1961), discouraging other nations from sending food, confident that millions of deaths from starvation would ensure China’s permanent collapse.
Consumers worldwide are now frustrated with the influx of affordable goods from China. The British opium nearly did them in, and surely these tariffs on Chinese products will finish them off for good this time.
Meanwhile, China’s GDP growth is at 4.7%—a clear sign that the nation is finally collapsing.
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@DavidLockett-x4b
1 month ago (edited)
For every action, there is an equal and opposite reaction. May you live in interesting times.
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@haibo-xg2kd
1 month ago
ไธญๅๆฐๆๆฐธ่ฟ้ฝไธไผๅฟ่ฎฐ่ฟไบ่ป่พฑ,ๆไปฌๅฟ
ๅฐๅๅพ่ๅฉ,ๆดๅท่ป่พฑ!
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@danielbecker4365
3 weeks ago
Taiwanese know their history very well. Both the western and Japanese invasion,
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@kevinl7173
1 month ago (edited)
Many people say China is weak, and gets humiliated, Japan, and Israel are strong but how come they have a small country and China is so big, it should be the other way around lol
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@mikythesaint6507
1 month ago
I would believe Alastair over every bullsh!T finance program I've watched, he is very knowledgeable. Always watch him when he's in on, open to real talk, and will listen to arguments but is a realist and know where this is going. ๐
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@paulwilson7622
1 month ago
If you forget history, distort & abuse history, you will be the prey, NOT the preditor
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@ๆด็ผ้็ๅฐ่ๅคด
1 month ago
Great vlog
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@esp4yu
1 month ago
Tarrifs aid Inflation ๐
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@CarlosAlberto-eo8tc
2 weeks ago
Great video from Portugal
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@samgooi1905
1 month ago
USA has been winning Nobel Prize (economic) year in & year out. I supposed, those Nobel prize laureate are only for shows. isn't with its plentiful of "economic expertise" its economie should flourish but instead things gets 'screwed' up. ๐
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@jintao5548
2 weeks ago
They were bullying, now they are afraid.
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@jacintochua6885
1 month ago
Look at Tesla factory built in Shanghai.
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@yeejlilys9742
2 weeks ago
The US and Europe have lost their ability to compete, and they are afraid of losing in tech fields. Only thing they can do is to impose tariff, protecting their technologically old-fashioned factories and practices. In short term, politicians get some votes, but it will ruin the fields you are trying to protect. There will be disastrous consequences as the result.
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@spiritofgoldfish
1 month ago
The US imperial feudal system cannot compete because it is based on extracting a free lunch due to ownership alone. China is deliberately avoiding this system in order to be productive instead.
This failure to compete is called Chinese overcapacity by the transnational rentier oligarchy at the top of Wall Street, the deep state, who does central planning for their private benefit.
The classical economists beginning with Adam Smith identified the free lunch (economic rents, or unearned income, otherwise defined as the difference between the socially necessary cost, and the price) extracted by feudal lords as the problem preventing a free market that the government should solve. They would add that the government should redirect the free lunch to factors of production like infrastructure, health care, and education, to reduce the cost of living and therefore the cost of production/labor. The neoliberal (Austrian, Libertarian, Chicago School Monetarist) counter-enlightenment led by the super wealthy was to not acknowledge any such problem, as the marketing front for their banks (FIRE, finance, insurance and real estate) whose vocation is rent seeking and who directly employ the modern neo feudal government.
“The classical economists sought to reduce and eliminate the “free lunch” and thereby bring prices more closely in line with costs. This would unleash economic productivity by eliminating the parasitism of the rentier class. At the dawn of the twentieth century, the application of classical economics combined with advances in technology led people to believe that a golden age of human progress and prosperity was approaching. But the reactionary rentier class used its rentier fortunes to launch an economic “Counter-Enlightenment.” As Michael Hudson summarizes,
To deter public regulation or higher taxation of such rent seeking, recipients of free lunches have embraced Milton Friedman’s claim that There Is No Such Thing As A Free Lunch. [. . .] The actual antidote to free lunches is to make governments strong enough to tax economic rent and keep potential rent-extracting opportunities and natural monopolies in the public domain.26
The point here, articulated by Orwell, is that technological progress in production and in economic planning should have ushered in a golden age of civilization. Instead, activist elites recognized the implications of this dynamic and responded by using their wealth and power to maintain the inequality and material insecurity that are preconditions for their continued dominance over society.”
Good, Aaron. American Exception: Empire and the Deep State (p. 180).
What exactly is a free lunch or what are economic rents?
"Rentiers derive income from ownership, possession or control of assets that are scarce or artificially made scarce. Most familiar is rental income from land, property, mineral exploitation or financial investments, but other sources have grown too. They include the income lenders gain from debt interest; income from ownership of ‘intellectual property’ (such as patents, copyright, brands and trademarks); capital gains on investments; ‘above normal’ company profits (when a firm has a dominant market position that allows it to charge high prices or dictate terms); income from government subsidies; and income of financial and other intermediaries derived from third-party transactions."
Standing, Guy. The Corruption of Capitalism: Why rentiers thrive and work does not pay (p. 94).
There is no daylight between private virtual real estate feudal lords owning Amazon, Google, and Facebook, for example, and government law enforcement/intelligence, while they extract their piece of the action (economic rent).
The crown rentier jewel is the banking system, the FIRE sector, or finance, insurance and real estate. The big banks reward the people they put into the very top of government for loyal service to the company when they go back to the company in the revolving door.
The central planners aren't in the government. The transnational rentier oligarchy at the top of wall street, the deep state, does central planning for their private benefit, and they are the employers of politicians. The job of the politician is to deliver voters to the oligarchy by campaigning on whatever gets them elected with oligarchy funding, then do whatever the oligarchy wants, and they are taken care of whether they are reelected or not.
“Today, the statistics are good. They reveal that 50 percent of the world’s wealth is in the hands of US-based corporations, even though the national account, GDP, is not anywhere near that.”
Chomsky, Noam; Waterstone, Marv. Consequences of Capitalism: Manufacturing Discontent and Resistance (p. 138)
If the US had majority rule, i.e., a democratic form of government, we would have a decent minimum wage, Medicare for all, free education, parental and sick leave, legal marijuana, workers on corporate boards, lower credit card interest, not allowing politicians to own stock or immediately graduate to becoming lobbyists, public funding of drug research for public drug patents, and some kind of green new deal, just at first glance at the polls. We have institutionalized opposition at best, not representation at all.
"Reagan’s election marked the ascension of deep political forces to a position of sovereignty. Practically speaking, what emerged was an exceptionist tripartite state comprised of (1) a feckless public state, (2) a sprawling security state, and (3) the anti-democratic deep state to which they are subordinated. This consolidation and institutionalization of top-down power was such that US governance could thereafter be described as a deep state system."
Good, Aaron. American Exception: Empire and the Deep State (p. 260).
Rentier capitalism, or financialization, has come to dominate both industrial capitalism and government, sucking the wealth from both. I'm talking about public use of unearned income to help production and profits earned by producing, as well as to actually reward work, not to crush companies. An alternative would be to have democratically elected public planners instead of the current neo-feudal private deep state planning system. Neoliberal ideology is that there is no place for government in the economy, but reality is that the economy does not stay out of government, which is why democracy is not actually possible and where a vanguard political party comes into the picture. Here are some things to consider.
"Today, commercial banks have the privilege of creating money as credit. They oppose governments creating their own money, because that would make economies less dependent on bankers and bondholders. Opposing Modern Monetary Theory (MMT), banks and bondholders demand that governments finance their budget deficits by borrowing at interest instead of simply creating their own money by fiat."
Michael Hudson, The Destiny of Civilization (Kindle locations 4561 to 4564)
In MMT, taxes don't pay for anything. Taxes simply extinguish money to keep inflation in check. Some insist that "taxation is theft", but I would argue that rentier income, which by definition derives from ownership alone, a not at all productive extraction from the real economy of producing and consuming goods and services, is theft, and this is what should be taxed.
It is important to note that in MMT it is the real economy that matters, not the paper economy. Should money be created for corporate takeovers or education? Financial speculation or infrastructure? For the wealthy to collect interest or health care? All of these things reduce the cost of living, and therefore the cost of labor and production, resulting in a more efficient economy.
Once you accept the premise that everyone should be in the risk pool for health insurance, it becomes clear it's a natural monopoly that belongs in the public, not private, domain. Educated people benefit society as well as themselves, so are a factor of production/wellbeing to be enhanced by public subsidy instead of the cost borne by employers. Infrastructure is another factor of production that increases productivity and profitability if not being used to extract private natural monopoly economic rents (but the empire buys infrastructure to collect rents around the world).
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@Frisbieinstein
4 weeks ago
Teddy Roosevelt said China was an example of the folly of a wealthy nation that fails to defend itself.
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@jdwilder63
1 month ago
The threat of tariffs is a negotiation tool silly rabbits.
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@walterchin8832
1 month ago
China and US should work together to make the world safe, peaceful and prosperous.
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@ConfucianScholar
1 month ago
These guys actually don't know what they're talking about about.
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@shinkhen08
1 month ago
Every Chinese remembered the century of humiliation.
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@v.searcher
1 month ago
I think the tendency and fallacy in the West is to give too much credit to China. Yes, the West is becoming weak, but China is still no match for it. Sure, don’t underestimate the opponent, but know also what it is and isn’t. Historically, “China” was relatively strong whenever it was ruled over by one of the Northern Peoples. (Shang, Tang, Yuan, Qing, etc.) Right now, it’s ruled by a Han, whatever that term means.
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@yogi9631
2 weeks ago
Finally a channel with some brains and worthy to follow and watch and learn..... Kudos to both.
(However, Keysean theory has lots of merits when certain economic and social environmental situations are encountered... eg. The Great Depression). Will there be another repeat of this Great Depression? answer: NO
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@dkktse
1 month ago (edited)
I am Hong Kong Chinese living in Canada, and I look at how my kids learn history, I find it quite interesting
My kids did learn a bit about Canadian history as a mandatory subject in grade 10
Compared with when I was in secondary school = middle + high school, it was six years of world history and Chinese history as two different mandatory subjects
Recent history, as in 18th century to the start of the civil war was taught in greater detail, such as the Foreign concessions in China, the opium war, etc.
Even if you are not a shining example of a good history student, you do retain a general sense of China's place in the world
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@karenfreeman1601
1 month ago
Work with gradiosity. Lack of power is a dilemma, who, what where when and why. These are a necessity to complete follow thru.
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@wynetsang
11 days ago
The most recent century, China was humiliated by the Western nations including Japan. However, before then, China has been humiliated and actually colonized by other people. Therefore, humiliation has shaped Chinese culture into humbleness instead of proudness.
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@Paochinblog
4 weeks ago
There is so much more than meets the eye; the naivety of the people is what led us to the demise of democracy, the price for which our children will be paying.
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@deanchristie3829
1 month ago
This line of thought is a century out of date.
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@SeanPan-it3jm
2 weeks ago
The humiliation began much earlier when The Han Chinese were conquered by barbarian Manchurians ., replacing Ming dynasty with Ching,
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@belahatvany
3 weeks ago
Tell us more about the century of humiliation
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@jason-us8pc
2 weeks ago
THE TIME THAT CHINA CHANGES IS WHEN SOMEONE GAVE THEM THE IDEA OF THE BLACK-AND-WHITE CAT THEORY?
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@denisross2923
3 weeks ago
"Savings in the US have been destroyed" so has the ability to save. The majority live from hand to mouth.
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@Larkinchance
1 month ago
The US plans to answer the Chinese hi-speed train challenge with a system of hi-speed buses
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@ๆด็ผ้็ๅฐ่ๅคด
1 month ago
yes
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@jonosterman3766
3 weeks ago
"Within sixteen years of the Treaty of Nanjing, China had abolished the opium import restrictions, not least because they had become irrelevant. By 1860, and much more so by 1900, the Chinese were growing at home many times as much opium as the British, or anyone else, could import."
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@danielhutchinson6604
4 weeks ago
If Alistair wants to discuss Resources,
where are all the Nickle deposits located?
The US ability to produce vital elements like Stainless Steel,
that is used in industrial Food production,
the price that the BRICS Group now is asking,
seems way beyond the US Budget.....
So we attempt to use military force to appropriate Russians Assets?
That worked so well in Vietnam...............Right?
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@davidlecker7460
4 weeks ago
The major problem is the US government-which has destroyed production in the USA. You need a permit with fees and time delays to use the bathroom now.
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@chewy1709
1 month ago (edited)
In the UK, They call it arrow wars after the Lord who persecuted it, not after the product it was designed to sell
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@happymelon7129
1 month ago
If U$A can safeguard its interests without consequences then any country with the capability can and will follow in the footsteps of the U$.
Wealth(GDP) needs to be protect with relative military.
A rich family can employ relative amount of security guard to protect his wealth, but when his poor neighbor work very very hard to get rich but not allow to employ relative amount of security guard to protect his wealth?
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@lamartinezola8507
4 weeks ago
Nobody forgets.. just wait when Africa frees itself. I am not even mentioning, India, native Americans, the Irish, native Australians...etc..
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@Lovin_It
3 weeks ago
2:03 How could Alastair say, 'I never thought of that...'? He of all people???
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@Paul-e9x4h
2 weeks ago
Liku liku sejarah
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@James-xu3vc
1 month ago
Add to the opium war the 1873 silver devaluation in the USA and the Chinese economy got even worse into the 1900s
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@karenduncan6953
1 month ago
If possible, I would like to see it written on screen. Thanks ๐
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@narf0339
3 weeks ago
did any countries that involved in the opium war apologized or admitted wrong doing ?
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@cangzhang3849
2 weeks ago
China don't forget any humiliations from other countries๐
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@danielhutchinson6604
1 month ago
Resources are important.
Without lots of Drugs, the Poor might find reasons to question authority?
Air America proved that concept.
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@jacintochua6885
13 days ago
Ignorance of history is dangerous.
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@Darkmatter321
1 month ago
ove your content!
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@caststagemysteries
1 month ago
Calling on past history to justify present treachery? What would Confucious say?
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@benjamincai1272
1 month ago (edited)
The recent Chinese success story is not hard to understand, just like the American success story, which is not complicated to comprehend post-American Civil War. The Chinese Communist Party came out of WWII, and the Chinese Civil War was victorious because it understood the power of the people. Just like Lincoln understood, for America to thrive, it must unite its people. The Chinese still believe that is the principle to global success while America is forgetting where it came from - A country by the people for the people; instead, now America is owned by a few billionaires and the top 5%. China understands that 80% of the world's population is still living in poverty, at least according to the American standard. The Chinese secret is to better the lives of these 80% of the population to win over the world, just as the communists did in WWII.
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@jgarbo3541
1 month ago
The Chinese remember. The West forget. China was always "way ahead" from 200 BC! Now they're back. Beware, Prepare apologies, or suffer.
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@jacintochua6885
1 month ago
People should learn from history. Sadly, many don't inow real histiry .
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@romarpromo8190
1 month ago
Trump think He is a smart business man .HE IS CORRUPT ๐๐๐๐๐..CHINA DID NOT CREATE THE GAME ,BUT THEY ARE THE GRANDMASTER IN IT.๐๐๐๐๐๐๐
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@LouiseBrooks-g3t
1 month ago
America will supersede the century of humiliation.
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@allanhsu888
2 weeks ago
99% US citizens doesn’t know what is tariff nor how it works
When they hear US administration says : We will put up tariffs on Chinese products !! everyone goes hip hip hooray ๐๐๐๐
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@Simon-i6m
1 month ago
Keynesian economics is what China is using "Mr Englishman" I.E regulated markets and government intervention during recession or inflation.
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@mitchellchristianson8120
1 month ago
Tell me the difference between joint ventures that ship is gone so explain your part there's a correlation between what you're talking about. I could write a paper on it now you do with the Americans. Tell you weaponization, tariffs, ASML etc etc It's not good for us in the US but it's going to affect you first and more than you think it will run to India isn't going to help. We all see this. IPO and bonds in India losses then what back to China might not let's say the same terms as before. Those days will be gone. They won't forget this time
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@taichilung1725
3 weeks ago
I think you have your guest's name spelled wrong! It should be Alasdair Macleod.
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@INTERNETVID
1 month ago
Good interview. Btw it's Alasdair, not Alastair.
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@eliso5973
1 month ago
But the logic is, US companies are not competitive already, so they need tariffs to keep the Chinese companies out.
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@็ฝไน-m4c
3 weeks ago
ๅช้่ฆไธไธชๅ็็ๅฅๆบ,ๆ่ฎธไธญๅฝๆ่ถ
่ฟ10ไบฟไปฅไธ็ไบบ้ฝๅจ็ญๅพ
่ฟไธชๅฅๆบ,ๆๆฏๅๅฃ, ๅฆๆๆฒกๆ,้ฃไนๆๆฟๆๅ่ฟไธไธชๅฅๆบ, ๆฏๅฆๅฐๆฅๆฌ็ฉๆถๅคฑ,ๅฐฑๅ1937ๅนด7ๆ7ๆฅ,ๅชๆฏ่ฟๆฌกๆนๅไธๅ็ไบไธ็นๅฐๅฐ็่ฝฌๅ.
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@SANN-1969
2 weeks ago
One plus one is two
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@CyberneticOrganism01
1 month ago
3) knowing full well ...
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@ThrowBackZone
1 month ago
Are we really going to let a trade war become a tech war? I mean, who benefits from that? Sounds like a lose-lose! ๐คท♂
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@alexd5128
4 weeks ago
What a myopic guest speaker! Of all technical and scientific disciplines out there, he draws an across-the-board conclusion that China is ahead of the West simply based on electrical vehicles. China may lead in a few applications, but it is FAR from being a leader in most areas. For example, why is China so resentful about the U.S. restricting Nvidia AI chip export to China if it is indeed "WAY AHEAD OF US" as the guest thinks? Further, there is a big difference between what China wants to do vs what it is capable of. The fact that China's economy is in crisis bodes ill for its future development.
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@joylove8693
4 weeks ago
๐❤️๐❤️๐❤️
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@huiqinjinxi4514
1 month ago
We alChinese people tends to have very long memories which could last centuries. Our ancient wise man said retaliation for your country could be practiced even after 10 countries (็พไธไนไป็นๅฏๆฅไน——่ฏทๅ่ๅ
ฌ็พไผ )
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@johnmichaelkarma
1 month ago
you even leave in the other sites commercial mid vid,thanks,can't get enough commercials
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@supriadiramlan5545
1 month ago
"Tariff are a tax on your own people"
hopefully more people understand that........ lol
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@santsuma
1 month ago (edited)
Please write your guest's name correct: Alasdair Macleod, it's D not T.
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@Seanpeng
2 weeks ago
The west aren't familiar with the Korean war either.
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@mitchellchristianson8120
1 month ago
Explain your answer from the Chinese savings. Why isn't this correlate to your answer? They're not spending
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@jacintochua6885
1 month ago
25 % tariffs will hurt the people .,
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@David-nk4cp
3 weeks ago
What teac are you talking about?
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@CyberneticOrganism01
1 month ago
4) that it's bad for the people
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@harbinger6562
2 weeks ago
Definitely not ❤️๐จ๐ณ๐ฆพ๐๐
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@LipingKong-ms1zm
4 weeks ago
His evil face can hardly be forgotten.
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@arttus7881
4 weeks ago
Wow two guys obviously on the Chinese pay roll.
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@edisonone
1 month ago
.
I think it’s call people the world over doing their routines in the outhouse in the back and they were ALL caught with their pants fully down.
.
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@WELIEWECHEATWESTEAL-el8ze
4 weeks ago
Fentanil US Homeless Own Junkies
versus
Opium Qing Dynasty Wars
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@CyberneticOrganism01
1 month ago
0) if you don't see the word END my post has been partly deleted
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@ravaMuftahutginov
1 month ago
!I recently sold some of my long-term position and currently sitting on about 250k, do you think Nvidia is a good buy right now or I have I missed out on a crucial buy period, any good stock recommendation on great performing stocks or Crypto will be appreciated
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@ronfesta771
1 month ago
Me thinketh it's always good to., occasionally hear from..........Jolly 'ol!@!?๐คช๐
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@garthbane2955
1 month ago
Alistair what will gold be traded in if not the USD ?
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@CyberneticOrganism01
1 month ago
5) END
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@Frisbieinstein
4 weeks ago
Ivan Bebek? In Bali bebek means a duck.
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@chanoliverkumyun9123
1 month ago
Does the US wants to follow the example? Qing Dynasty China fell into decline rapidly even before the Opium wars because they were proud, corrupted and only wanted to take and didn't want to give back... basically 'Hoarders' mentality. They were punished for it with 200 years of humiliation.
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@kevinl7173
1 month ago
I don't think this is humiliation, this is China's war tactic, it usually lets the enemy come in first and then eliminates them one by one with its huge population, it used the same tactic in the Mongolian and Japanese invasions, these invaders slowly disappeared and became Chinese afterward
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@Acquisition1913
4 weeks ago
Chinese prefer gold.
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@blueyhis.zarsoff1147
1 month ago
It might only be a decade to 2 of humiliation due to their self inflicted economic managment
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@poiounhotmail
4 weeks ago
It is not century of humiliation, you actually don't know how Chinese thinks.
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@lancewood1410
1 month ago
Fool me once, shame on you. Fool me twice shame on me.......which ain't happening :)
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@dontaskmewhy100
1 month ago
USA trying to isolate China but actually isolating USA itself
As the saying goes USA sanctioning China and Russia but actually having their allies Europe in deep shit and maybe it's intentional.
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@AlcoholicfishTan
1 month ago
He ended up saying nothing.
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@8House
1 month ago
What if you think that China is a military and economic paper tiger facing a demographic cliff?
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@harryviking6347
1 month ago
Lol! Humiliated? LOL! It will get worse!!
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@anwiycti1585
4 weeks ago
Victimhood complex will never end well, will it? ๐๐๐
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@CyberneticOrganism01
1 month ago
2) may praise a totalitarian regime...
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@c.m.8835
4 weeks ago
why no sound?
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@sallystevenson6712
1 month ago
NOT YOUR VIDEO????๐ฉ๐ซ
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@alisra007
1 month ago
๐
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@terryword7646
4 weeks ago
But you are
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@mottie85
1 month ago
Sold for a Shill-ing.
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@sunnyben2604
1 month ago
35,000,000 chinese killed during the invasion of japanese๐
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@douggodfrey6521
1 month ago
Chinese neighbors
have been dominated
during many of the
Chinese Dynasties
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@inuwooddog3027
1 month ago
Nah.. Don't take the narrative of the history the wrong way.
The Century of Humiliation wasn't about "what bad people did to China."
It is a story of keeping up with times, reform and opening up.
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@alereon
3 weeks ago
FILOs US vassell ๐
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@brunojm7282
1 month ago
Century of humiliation was self inflicted for most of it…the emperor at that time thought his a.shole was the center of the universe.
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@short-leggedturtle1315
1 month ago
By saying 'century of humiliation' you are avoiding talking about the many internal failures of the Chinese and focusing mainly of external factors
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@scruples671
1 month ago
China is not ahead of us in technology. Where do you think they got it from? We are having them build it. They are on par in technology.
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@profflux
1 month ago (edited)
What a load of nonsense.
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@Xibao88890
1 month ago
China failing . Provincial governments bankrupt (China is at 50 trillion) , domestic economy shrinking, demographic collapse, sky rocketing unemployment, Mexico and Canada both have past China as number 1 and number 2 exporter to USA. USA past China as number 1 trading partner with Germany, China has raised retirement age. Chinese have lost 25% of their savings due to housing collapse. So sad. I pray no civil war in China. CCP is Chinese enemy not USA tarrifs.
China is actually behind USA in terms of technology. NVIDIA is 5 years ahead of China AI. Many of top Chinese EVs use USA technology for automation, USA developing super sonic and hypersonic commercial aircraft. USA leading in medical technology as well.
Russia, Brazil and India have all put tarrifs on China imports in past weeks. Hmmm? ๐. China is not going to export their way out of this mess.
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3 replies
@dczhen4358
1 month ago
We don't love the Chinese ..says it all
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@BrandyHeng007
1 month ago
.
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@kevinl7173
1 month ago
What humiliation? dynasty comes and goes, the map changes all the time and same thing will happen in Europe, Ukraine is a good example
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5 replies
@JB-bi6vm
1 month ago
theyre ahead in technology? don't make me laugh, the wheels falls off their tanks, and their aircraft carriers don't even leave the docks from catching on fire, missles filled with water
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@MrK-js3it
1 month ago
haha...ccp propaganda...
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@Fr.VeniceLAI
1 month ago
Most Chinese today living in PRChina, have little or no knowledge about the real and truth history of China. The versions of Chinese History taught and permeated inside PRChina, present times, are strictly in accordance to what the Chinese Communist Party has dictated. Chairman Mao's history of "Land Reform Movement" (1949-1953), Korean War (1950-1953), The Great Leap Forward (1958-1962), Cultural Revolution (1966-1976), these real truths/happenings & real events are not taught in Chinese school inside the PRChina. Instead, what is mandatory learning in 2024, is the Book on "Xi Jinping Thoughts", which is taught from as early as from elementary school standard.
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2 replies
@cspang4061
1 month ago
Chinese is messing around?๐ You peoples please don't mess around with the Chinese!๐
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@bret0974
1 month ago
The Opium wars, Japanese invasion etc.. does not justify china's actions in the south china sea and other aggressive actions it is making. Previous wrongs do not make present ones, right.
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@billpetersen298
1 month ago
Actually, it’s 75 years of humiliation, the CCP.
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1 reply
@ClaudioCarrera-j6o
1 month ago
ccp propaganda channel
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1 reply
@Russsir
1 month ago
Don't over estimate China....It's all show. All B.S.
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5 replies
@A.I-n8c
3 weeks ago
The ¥€\./\./$ controlled the opium trade from India to China, not the English.
Google David Sassoon & Co., Ltd.
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@jahirulshaikh9491
1 month ago
What is israil,usa
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@HuaWuDi
4 weeks ago
Generally, the Chinese (mainlanders & overseas chinese) thought that everyone was friendly towards us. We were so wrong then. Too naive..
Decoupling from China's economy is suicidal for US & EU
Economy
Decoupling From China? The Consequences of a Stupid Idea
Ricardo Martins, October 10
There are ongoing discussions about the need for the West, especially the United States (US) and the European Union (EU) to de-risk and/or decouple from China. These discussions pervade all spheres, including journalistics, think tanks, academia and politics.
Decoupling From China?
Holding China more than 30% of the world’s industrial output and a major destination of Western production or Western firms producing in China, how is this proposition plausible and credible in such intertwined economies without disrupting global supply chains and without bringing high inflation to Western nations?
In this article, I analyse why decoupling is not a good idea, its dire consequences, and the consequences for the West of being deprived of Chinese high-tech advancements. I emphasise that decoupling is a US agenda for the continuation of its dominance over the globe, and not a European one.
Why is Decoupling a Stupid Idea?
The Earth is big enough for China and the US to develop respectively and prosper together
Chinese Ambassador to the US, Xie Feng
According to the World Bank, China holds 31.6% of the total global manufacturing output. The US follows with 15.9%, and Japan is in third place with 6.5%. The leading EU country is Germany, with 4.8%, in fourth position, and the next European is Italy in 8th place, after Russia, with 1.8%. France comes in 10th place, after Mexico, with 1.6%. This data was published in 2024 and refers to the 2023 manufacturing output. Furthermore, according to Reuters, in September 2024, the German manufacturing sector contracted at the fastest pace ever in a year due to “orders drying up at an alarming rate”, and “it is hard to picture any kind of recovery happening soon.”
With globalization and the liberalization of trade of goods and services, the world has become interdependent. In the case of the US, its economy is increasingly dependent on China for imports (particularly manufacturing supplies and advanced materials), Foreign Direct Investment (FDI) flows, and even the contributions made by Chinese students in living fees and tuition expenses.
An American study has shown that decoupling with China risks all of these value streams, and would constitute losses of over $700 billion in sales and $50 billion in profits for American companies that export to the Chinese market. A similar situation will happen in Europe too.
Consequences of Decoupling
Decoupling from China, given its massive 31.6% share of global manufacturing output, would be extremely disastrous. Here are a few reasons that come to my mind:
Global Supply Chains: China’s integration into global supply chains means it plays a critical role in the production of everything from high-tech electronics to textiles. Western economies rely heavily on components or finished products made in China. For certain products and raw materials, the dependency rate is over 90%, as is the case for certain pharmaceuticals, chemicals, photovoltaic cells, rare earth and others. China is the dominant producer of several rare earths which are crucial for the manufacturing of a wide range of high-tech products, including electronics, wind turbines, and electric vehicle batteries.
Decoupling would require either relocating manufacturing to other countries or reshoring industries back to Europe or the US would imply disrupting industries for years and would lead to major supply chain disruptions, causing shortages, higher production costs, and high inflation.
Relocation Challenges: Countries like India or Vietnam are often presented as alternatives, but none have the capacity or infrastructure that China has developed over decades. Manufacturing in these regions might help diversify risks but cannot replace China’s dominance in the near term. Additionally, many of these nations already have trade ties with China, complicating decoupling strategies.
Cost Implications: China offers lower labour costs, efficient infrastructure, and a vast workforce. Moving manufacturing to other countries with comparable capacity is difficult. The next biggest players—like India, South Korea, and Germany—have much smaller outputs (between 2.7% and 6.5%). They also may lack the same level of infrastructure or workforce to handle the massive volume of production that China does.
Market Access: With a population of 1.4 billion, over 500 million of whom are considered middle class, China boasts the largest internal consumer market in the world and is the leading market for luxury products. This market contributes significantly to the revenue of Western companies. Many Western firms, including major technology and luxury brands, depend on sales within China to stay profitable. Should decoupling result in economic or political tensions, access to this market could be jeopardised, potentially harming the revenues of these Western companies.
Retaliation: China will retaliate against the US and EU’s decoupling measures by imposing tariffs, restrictions, or boycotts on Western products, further reducing export opportunities for Western firms. Key industries, like automobiles, luxury goods, and agriculture, can face severe downturns.
Global Recession Risks: Given the size of China’s economy and its deep integration into the global economy, a sharp decoupling could lead to a slowdown in global trade and investment. If China’s growth slows due to decoupling, it will propagate across the global economy, possibly leading to a global recession, as China is a key driver of global demand.
Many emerging markets depend on exporting raw materials to China. A slowdown in Chinese manufacturing could weaken demand for these exports, slowing growth in those countries and leading to economic instability in regions that rely on Chinese-led infrastructure and trade.
Geopolitical Consequences: Decoupling certainly will lead to economic fragmentation, where China becomes more self-reliant and allies more closely with emerging markets and other nations willing to maintain ties. China is the number one trade partner with 128 countries, out of 190, including the EU. This will shift further the balance of power, creating separate economic blocs, such as the West and the rest, which could disrupt trade and economic cooperation globally.
Western is Losing the Technology Race to China
Trump has played the technology restrictions card to contain China. A few days ago, a Chinese told me that Trump is playfully known in China as “The maker”, the one who has made China technologically resilient and surpass the US. Presently, the country leads in 37 out of 44 technologies examined in the Critical Technology Trackers survey by an Australian think tank.
According to the same study, Western democracies are increasingly falling behind in the global technological race, including scientific innovation and attracting global talent—key elements essential for developing and mastering the world’s foremost technologies.
The Australian findings indicate that China has laid the groundwork to become the preeminent science and technology superpower by securing an impressive lead in high-impact research across most critical and emerging technology fields.
China’s leadership position is the result of intentional strategy and long-term policy planning, consistently emphasised by Xi Jinping and his predecessors.
My Conclusions on this Discussion
1. If decoupling is to be pursued, the US and Europe are prone to be behind in technology but also will not benefit from a fast-growing economy and the biggest consuming market in the world. It is an act of economic suicide, ideologically rooted in the imperialistic ambitions of the United States to maintain its global dominance.
2. As the US and EU distance themselves from China, they may lose economic leverage and influence in Asia, Africa and Latin America, where China’s Belt and Road Initiative (BRI) is extending its influence. While Western nations discuss strategies and possibilities on how to de-risk and/or how to decouple from China, the country is deepening its ties with emerging economies, thus reducing the geopolitical influence of the US and Europe in key regions of the world.
3. While efforts to de-risk and decouple from China may be seen as necessary for geopolitical and geoeconomic reasons, they come with considerable risks and challenges. The interconnectedness of the global economy means that any significant shift in trade relationships can have wide-reaching effects, not only for the US and EU but also for China and the rest of the world.
4. Balancing these efforts while maintaining economic stability will be a complex challenge for policymakers in the coming years. A more nuanced approach to managing the US and EU-China relationship, prioritising collaboration over confrontation, is a win-win solution.
5. The EU needs to develop its autonomous strategy for navigating the problematic US-China relationship and not cede to US pressure to be its followers, but actively seek its own path to balance its economic interests with its political and security concerns.
6. Finally, the statement of the Chinese Ambassador to the US, Xie Feng, should be the guiding premise: “The Earth is big enough for China and the US to develop respectively and prosper together.” For this, the US needs to learn to share power.
Ricardo Martins ‒PhD in Sociology with specialisation in EU policies and international relations. Guest researcher at Utrecht University, the Netherlands, especially for the online magazine “New Eastern Outlook”
More on this topic
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The East with a love for fashion: the faces of the BRICS+Fashion Summit
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Tags: China, Economic cooperation, Economic development, EU, Political cooperation, The War of tecnology, USA
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Republishing of the articles is welcomed with reference to NEO.
The views of the authors do not necessarily coincide with the opinion of the editorial board.
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