What happened to free trade?
this post was submitted on 18 Jul 2024
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GenZedong
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It's only free trade if you're trading with the FREEST COUNTRY ON EARTH π¦ π¦ π¦
Free trade only ever meant that non-US countries must reduce or remove tariffs and remove capital controls vis a vis the US, so that US capitalists may exploit to their heart's content.
Every country is absolutely free to trade with the US as much as they want*. Perfectly free trade!
*As long as the trade balance favours the US.
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Yes US! Embargo every other nation on the planet! Do it! I'm sure it'll go great for you!
If everyone is embargoed then no one is. Let the US price itself out of existence lol.
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Shares in Tokyo Electron fell 7.5%, leading a drop in Japanβs Nikkei 225 Stock Average. Fellow chip gear providers including Lasertec Corp. and Screen Holdings Co. also ranked among the marketβs biggest decliners. ASMLβs stock was similarly down 9.9% in Amsterdam, even as the company reported better-than-expected second-quarter bookings. Shares of Applied Materials Inc., Lam Research Corp. and KLA Corp. β the three biggest American makers of chip equipment β also tumbled on Wednesday. Applied Materials, the largest of the three, fell as much as 7.8% in its worst intraday decline since November.
I don't think the drop in share prices matter that much. The dips from previous announcements of sanctions went away quickly, because the chip industry overall is in a very strong position globally.
The administration is in a tenuous position. US companies feel that restrictions on exports to China have unfairly punished them and are pushing for changes. Allies, meanwhile, see little reason to alter their policies when the US presidential election is just a few months away.
This is really the crux of the issue, and not so much geopolitics. Some of the US companies that pushed for the sanctions (like Micron tech) have themselves suffered from Chinese retaliation (Micron tech "mysteriously" failed its cybersecurity review in China, and China has clamped down on germanium exports).
The American chip-equipment makers β Applied Materials, Lam and KLA β have been pressing their case in a series of recent meetings with US officials, according to people familiar with the situation. They have argued that current trade policies are backfiring, damaging American semiconductor companies while failing to halt Chinese progress as much as the US government hoped. But the companies donβt want the administration to use FDPR. They fear it will provoke Japan and the Netherlands to become defiant and stop cooperating.
Amazing to see western corporate interests just openly dictating government policy. The rest of the article just plainly lays out which company is telling its government to do what. We've dropped even the pretenses.
Its insane how much our favourite capitalist roader was vindicated holy shit. All that's left is to press the communism button.
Western leftists criticizing Deng for his shitty chess moves when it turns out he was playing Go the whole time.
Hey that's my line!
I'm not too familiar with Deng. Could you explain more of his geo-politics? Thanks in advance comrade.
Short version: he opened china to investment from western capital. The plan was to use western capital to fund the construction of factories with the condition of technology sharing. Gambit was capitalism would willing sell all of its advantages in order to gain profit. The risk being that capitalists would have sway in China (and leftists constantly purity testing China).
Thanks!
Yeah that, and to expand a little, he was often derided by hardliners for being a sellout, and the plan to develop productive forces in China had some close calls from a full capitalist restoration. It seems to have worked out so far however, since the PRC was originally an impoverished pariah state, and now it is more advanced in many respects than the west. The work that needs to be done now is to take the productive forces that the capitalists gleefully supplied in exchange for cheap labour and turn it towards domestic production and consumption.
for more check out https://redsails.org/china-has-billionaires/ it's not specifically about Dengism but should give you more than enough context to understand it
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Iβm not sure I would call him vindicated. He definitely bought into some of the free market economics of the 1980s which could have ended really badly. Reform and opening up only really succeeded because the Chinese government was willing to slow the pace of reform when Deng was pushing them to move faster. He also had China invade Vietnam which was a huge L.
True, the Sino Vietnamese war was an L, as expected of post Sino Soviet split Chinese foreign policy. And yeah I had the same concerns over liberalizing too fast, esp in the Jiang and Hu era, but it seems like that's been reigned in too. Trust the process I guess.
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Tbf only left-deviationists like the gang of four called im that.
Capitalist roader (affectionate)
Amazing to see western corporate interests just openly dictating government policy
You mean like the time the CIA couped Guatemala in 1954 for banana companies?
Yeah I guess. There's still something about seeing the fuckery with your own eyes. It's one thing reading about banana dictatorships in the history books, and another to live through a tech dictatorship right now.
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How to make other countries abandon the dollar 101
US copium trying to sanction China by proxy. China already has advanced semiconductor tech.
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It would be really funny if the yanks forced the Dutch into BRICS membership.
(I know this won't happen, as the Dutch are going to lay down flat and prostrate themselves once their overlord tells them to do so but it would be really funny)
ah yes, i love DICKS (dutch, india, china, kenya, south africa)
Japan and Netherlands joining BRICS in 2025 or 26?
lol
Way too cucked for that
Nothing would make me happier, but I don't think it is realistic anytime soon.
I wouldn't say it is off the table forever, but we need to kick the US out first.
Cmon Biden, force them to fully pivot to China!
"Most severe trade restrictions available" just sounds like bullshit to scare their leaders. Also feels like "double secret probation" from Revenge of the Nerds.
Most severe trade restrictions available
No more McDonald's and Coca Cola for the Dutch!
if you really want to scare them threaten their mayonnaise supply
And yet the Dutch see the US as allies
The joys of being a vassal of the empire. Netherlands and Japan now seeing their high tech industry be destroyed in order to serve US interests. As Kissinger so aptly put it, it may be dangerous to be America's enemy, but to be America's friend is fatal.
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- friendly countries trade semiconductor tech to China of their own volition
- this is bad and they need to be punished
The best part is that they can't even frame this as China overstepping or coercing them into doing it.
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Sanction raj
Maybe they'll grow some balls and tell the US to GTFO (whishful thinking).
If China develops a competitor for ASML, its literally JOEVER for the west lol. And sanctioning this particular field would incentivize china to do exactly that π
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