US can't compete with China's technology, so it wages economic war
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- Опубліковано 24 лип 2024
- Why is the United States waging economic war on China? Ben Norton discusses how China became the world's industrial superpower and a leader in important technologies, why the US is unable to compete, and the clash between Western neoliberal capitalism and Chinese socialism.
Check out our related video:
China is now the 'world's sole manufacturing superpower'. How did it develop so fast?: • China is now the 'worl...
Topics
0:00 Bipartisan US economic war
2:19 China is world's #1 manufacturer
4:28 Clash of systems
6:29 Elon Musk laughed at Chinese competitors. Now they're beating him.
9:27 TikTok: Why US wants to ban it
10:56 EU threatens tariffs on China
11:20 West's hypocrisy on climate change
12:25 Solar panels: China installs more than rest of world combined
13:46 Clean energy is top driver of China's growth
14:56 China leads world in green transition
16:57 Neoliberal West can't outcompete China's state-led industrial development
18:27 The death of "free market" dogma
20:31 The myth of "free trade"
23:23 US opposes industrial policy when China does it
29:10 "Washington Consensus" failed, Washington admits
38:01 Ronald Reagan's trade war on Japan
43:25 Outro
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My family want to go green in US, but we won't do it with substandard overpriced US junk.
Some is very good, but as you said overpriced. Chinese solar has become so competitive because they have such a large domestic market to scale to lower costs.
@@davidlazarus67domestic income made the technology companies have enough money for better quality
@user-lk7cv8vg7r I don’t disagree with that, I have been green for a very long time. I tolerated the downsides of low energy bulbs but transitioned to LED as soon as I could. I had the odd junk bulb but these have improved and now I have an entire home lit solely by LED. I have also low electricity bills as a consequence. What western countries are planning will only make energy poverty a greater problem and will actually eliminate the opportunities in the rest of the economy.
@@fannyalbi9040 Yes but the costs of R&D reducing the profits is what’s holding them back. In China they have continued to reinvest in R&D which is why they can saturate their own country and if it’s good value for Chinese it will be good value elsewhere. This is something that US companies ignore. So they will forever have new competitors who under cut their prices and are better goods as well.
why are the Chinese people suffering so much economically that they are trying to get in to USA through the Mexican border?
why can't college graduates find jobs?
why have so many foreigners leaving Shanghai, Beijing, etc.?
why hast the Chinese stock market lost almost $7 trillion over the last 4-5 years?
The real losers will be American consumers. Really crazy!
perhaps they should grow food and stop being (mindless) consumers.
And many American businesses too which may cause thousands of bankruptcies and many thousands more unemployed. The elites of course don't care as their lifestyles are protected no matter what.
Mindless... we, the American people, are not "mindless" consumers. We look at our wallets and mind that. What a pathetic response. Did you mindlessly consume your house and car? Or did you shop the best you could find on your budget?@@donHooligan
@@cloudy_dayz5000
the great satan speaks...
"we look at our wallets..."
money worship always leads to a reprobate mind.
when money is top priority, morality is simply an obstacle that must be overcome.
@@cloudy_dayz5000 considering so many Americans buy so much stuff they don't need, with money they don't have, yes... "mindless" consumers is the right term.
They play dirty because they cannot competit fairly
How do you expect your country to compete. You send your kids to school and they are exposed to cross dressers and sick bs like that and every one gets a prize even if you do nothing. In China kids in school are taught AI, computers and high tech. You are all asleep and you are not going to like the consequences.
It's not a surprise. US is infamous in term of fooling the World about free market, drawing everyone to invest in USA back in 70s-90s. Then one by one, every small nation get targetted by all their investment frozen in the name of "Freedom", followed by US military bombing. The largest victim is African nations, as they do not infrastructure to build their nation, all the US loan they get is useless, so they invest them back into US market, and back in 90s, one by one it's frozen in the name of human right freedom.
In the 1840s Opium Wars against China, the Brits claimed it had nothing to do with opium but was about 'free trade'.
The British were ment to bring silver in exchange, but they ran out of it, thus they traded opuim by forcing the addiction on the Chinese!
For the British in 1800s. The difficulty was to find a good reason to colonial each country they have met.
The apples doesn't fall far from the tree.
Britain was the biggest drug dealers and slave owners but somehow they can justify it. Got over 8million Chinese hooked on that poison- never again and never forget.
US can sanction China and any countries that don’t take their BS. Leave us alone and look after your own people first.
"If you can only be tall because somebody is on their knees, then you have a serious problem. A serious neurosis white supremacy problem".
- Toni Morrison
Imposing 60 percent tax on Chinese goods is such a blessing for China. WHY? This will put a brake on the Chinese addiction to doing business with the US. It is best for China to have a clean break [decouple] with the US. This way China can develop and be the best in the world for everything.
China is probably not gonna be the best for everything, corruption ruins most of what they do, but because only europe and britania pay premium chinese products will be cheaper worldwide
I think the same, to be honest
China will just sell intermediate products to Vietnam and Mexico, who will then do the final assembly and slap on a made in Vietnam or Mexico label. Of course the product will be sold at a substantial markup, but that's the price for looking like you're doing something.
US accounts for less than 10% of China's exports. They could cut them off entirely and it wouldn't hurt China much.
us junk will not compete, and with wages driven below the living level, nobody here will buy them. china has the whole world for a market. usa has the serf class, workers whose standard of living has declined steadily since the red scare and all that stopped the new deal and began the road to corporate control.
China says- regardless of who is potus- business as usual
Current POTUS : we will no support the independence of the Chinese Island of Taiwan.
@@taiwanstillisntacountryy not, china learn from united snakes way embargoes cuba, sanction taiwan trade
@@fannyalbi9040more like united sanction of America
Thirty years ago, the US advocated "globalization" because US manufacturing was in an advantage.
Thirty years later, the US advocated "de-globalization" because US manufacturing was at a disadvantage.
Such double standards are shameless.
They still like globalization when it suits them.
American politicians and businesses doing whatever they can to take advantage of people, doesn't matter if it is American citizens or foreigners.
This is what bullies do. They get jealous because of their failures compared to the success of the others so they will wage sabotage against others
Im currently in Brazil, and these chinese products are good and reliable, especially TVs, and other appliances. The US wouldnt last a day with the competition
@user-lk7cv8vg7rThere are many chinese stores doing really well in the major commercial centres of Brazil for eg Sao Paulo, Chinese goods selling out in a rush, I live in Brazil too 😊
every products like toys, shoes, trousers, electric appliances etc. etc..🤷🏽♂️
Watchout for the CIA.
I bought a cheap chinese IP security camera for my house. Some reviews said it wouldn't last more than a few months. It's been 2 years and the camera works as good as new. Hot weather and heavy rain haven't affected its performance. 👌
People can bash chinese manufacturing all they want, but they still make good products.
Chinese products are better than they were years ago. We have thrown so much Chinese stuff into the garbage over the last 20 years. TVs are good, washing and drying machines are good
Thanks Ben!!! I got nothing but respect for someone like you.
We need more intelligent people who are willing to speak truth and facts. America, right now we need real journalism not fake news like CNN and Fox News.
This is leftist communist.
Their fake news goes way beyond just mainstream media, so-called, but alternative media, think tanks, even the academic education system, etc.
really disappointed on CNN fake news and Fox propaganda
Real news: the U.S. has over 330,000 churches, they pull the strings, not big oil.
Thank you Ben. Independent journalists with journalistic integrity are the heroes of our time.
This guy doesn't even know what he's talking about 😂
In this critical juncture, we need journalists like Ben more than ever: intelligent and courageous
Good Work!!
Born too late to explore the seas.
Born too early to explore the stars.
Born just in time to see the rise of China.
How are you born too late to explore the seas? You can explore them right now
In time to see moon and mars landing
@@crestfire8008 age of discovery? uncharted waters? Columbus?
That was very beautiful.
@@timetraveller2300 so you have explored everything under the sea?
The only problem is jealous badheart they can't compete anymore: They only compete with war machine.
They have a short term speculative model... It can't win over china's 'cheating' ...
Good 👍🏻
War machine?Not anymore.Even Russia is far superior.
Musk's main industry can't compeate with China and he knows it. That is why he is asking for protectionism.
And they are not even good at war machine(ery) ... Russia smashes to bits anything the USA makes. A real bunch of losers ... 🤣🤣🤣
US: wages economic war with China
China: "Why are you punching yourself? 😂"
Russia to China: Sshhh
Because it’s a globalist goal to collapse the west and lead the way into the future with Technocratic China..
something Ben will never acknowledge
The United States will win 🇺🇲
My laugh of the day!
My comments get erased from this channel but I still have a to get all the replies?? Annoying
China should not be bothered and focus on business with the global south.
China GDP 6-9% annually.
US GDP 3% annually.
The US citizens live on borrowed money.
No worries, because US can PRINT money~😂
@@katerinadicamella hahaha no worries..why worry no money print more money😂
@@kamaldaud2782 exactly, it's all front, we are all suckers, play by the dollar!!
and that's a fact behind the dark truth of dollar~😓 hegemony!!
China is not a slave to any “-ism”. It has a pragmatic approach to development. “it does not matter what colour the cat is, as long as it catches the mice”.
Yup
True
From an outsider's perspective, China looks like a country with an economic system fundamentally different from the western free market capitalism.
China does not take silly orders from the US or Europe
@@poladroidgmd2083would you call it a more purpose driven form of capitalism or greedy free for all like ours?
No matter who's in charge in the USA, their foreign policy never changes.
"in usa you can change the party but not the policy. in china you can change the policy but not the party."
That is the beauty of U$ democracy.
The best system money can buy.
@@monipenny408 🤭🤭
they (the presidents ) have masters of policy who give them the policy who aren't elected only the presidents are for the illusion of freedom of choice by the debt consumer slaves who dont know they are in a circus , ill informed oblivious MacDonalds consuming slaves ignorant unconscious fools no better than cattle receiving their booster shots waving their election flags blind ,,,, pathetic really isnt it when ya see it
Without the petrodollar system, the U.S. dollar would be a pile of waste paper. What the Middle East is doing now is cutting petrodollar settlements@@monipenny408
China has made unprecedented progress in meeting the human needs of its population since the end of the Cold War. Surprisingly to the West, this happened without free, competitive elections or any pretense at “Western style” democracy. This presents a different attraction to all developing countries with a different approach of modernization without being westernization.
The Young American generation should listen to this man on present and the past of this young country. 300 hundred years of any country in history is an infant.
Trump is so dumb tariffs are paid by us we would have a 60% tariff to import goods … i’m so sick of this isolation mentality between russia and china 🤦🏻♀️
I like your purple pfp. Btw, tarot card reading? Are you Black Swan from Star Rail? 💜
The "special" interest groups control the US economy. And they own most of the wealth. They won't standby and watch their wealth disappear.
This is actually smart. He gets to rip off his base, tax the working class to close up the US national debt (the rich on the other hand won't be affected) and his base would be thinking they are winning.
@@ItsukaShimotsuki >"close up the US national debt"
That's a WWE fantasy
Same, we should be creating good trade deals with them and building positive relations instead
again!!! You are just so great with your reports. The world gets real with data like this. I am working with distributed node networks and Chinese are leading also in that tech. World wake up and admit that China is the new power!!!🙏
Tankie 🤣
The United States is the global power of the world.
It has always been a superpower since ancient times
China has 600,000 engineers graduating every year, how do you compete with that.
Very enjoyable summary of today's global economic realities and the historical context on how we achieved it.
600000 engineers yearly 😢😢😢😢
How: US congress will pass a law to force every nation on the earth to ban engineering schools.
There's no stopping China now I'm afraid. They've vastly improved their product offering and when all else is considered their cars are real value for money. We are getting a new car next week and it's gonna be a Chinese brand. They offer a lot more than the European cars in terms of the technology inside the car. Slowly but surely, they are starting to replace the European manufacturers in new car sales here in South Africa.
😂 the US can't stand someone being better. Instead of helping industries have a competitive edge they resort to force and bitterness.im sorry, but this is way too childish. Their plans wont work
The United States will win 🇺🇲
USA - the Tonya Harding of international competition! “If we can’t beat you, we’re gonna break your legs so that you can’t compete against us!” said the lowly USA!
China has robust R&D strategy.
U$ has a robust PR strategy.
US has always been a world dictator and arm twisting thug
The US will use the Tonia Harding technique on any competitors when they have lost.
Musk is so arrogant. His hubris will be his downfall.
Racial discrimination and superiority complex in his bone and DNA, like the majority of those that survive only by making up lies to smear and denigrate China and Chinese products.
He has an ego problem.
I bet BYD is sending Musk a thank you card that says "Thank you so much, my dear friend, for without you, we won't know how great we are and we will be a lesser person 🤣🤣🤣🤣🤣 Thanks and we owe you a dinner, Mr. Musk"
Not only arrogant but immature too.
For sure, has he really ever invented anything; I mean, is a great salesman and forcing himself to ownership of companies
The US is frightened that the Chinese Yuan will soon displace their "toilet paper" as the world's reserve currency.
And so we go from Charmin the US was making, to toilet paper, made in China, that's worse than Charmin. 😂 got it.....
So glad you are studying in China and sharing your perspective! As a biologist, I realized long ago that the greatest advances in evolution were all based on cooperation rather than competition. In the US competition is regarded as the most important of interactions, and this may be true initially/superficially, but progress is much more profoundly dependent on cooperation. Right now all the most important, existential challenges humanity faces can only be met through global cooperation. The USA is following a path leading to human extinction. Many thanks for your work!
More like extinction of the Western capitalist system.
CONGRATULATION TO CHINA AND ITS ETERNAL GENIOUS
LOL!!!🤣🤣🤣🤣
You speak the Truth.
Nope
@@TacticalMayo Nope is Yes
@@ks56202 nope is nope.
@@TacticalMayo nope is yes
@@ks56202 not when I say it.
BEN, your research and presentation ALWAYS makes my jaw drop and my eyes pop. Good hearted people are a rare gem. Thank You.
One word for America, "JEALOUS".
Hey folks please share widely….we need Ben’s channel spreading widely and quickly!!
Ben, your Chinese must be improving a lot, I noticed you pronounced the name of the Chinese commerce minister with the correct tones. Well done!
He lives in China.... It must be a challenge for us english speakers.
I noticed too. Great work Ben!
Yes, 王文涛 Wang wentao, the commerce minister, Ben pronounced it perfectly. 加油Ben !
@F_Liu. I noticed too.
Excellent analysis. I was educated as an economist...looking back, so much of it was western propaganda.
Economists have basically paid to be brainwashed, and get paid a lot for bullshit analysis. The western system will collapse because of its hubris.
I studied economics as an elective course twenty years ago, and it is probably one of decisions that I regret the most.
I paid the university for them to brainwash me with the neo-liberal BS.
Neoliberalism is another scam to benefit the wests elites.
And this is ccp propaganda.
the way capitalism really works is well known to marxists. that's what you study if you want to learn what they lied about in college.
And meanwhile here in America an electric truck that was supposed to cost 50k is 75k-90k 😮
same in EU. They said everyone will get an electric car because they are cheaper to build. No we have electric cars for 65.000 dollars minimum.
"When you can't outcompete 'em, sanction 'em!" - The (self-proclaim) leader of the "Free World".
Bandit ah
China is an absolute juggernaut. US and European economic pressure on China will obviously result largely in damage to their respective economies. The more rational policy would be to work WITH China rather than against it. However, the Western mindset, which is essentially a racist and resentful one, can not abide the thought of losing their historical dominance of global trade.
The West is staggeringly hypocritical, and is increasingly demonstrating how poor a loser and spiteful it is. I look forward to the time when all the nations of the global south (the global majority) no longer feel they have to act deferentially towards the US empire.
USA - the Tonya Harding of international competition! “If we can’t beat you, we’re gonna break your legs so that you can’t compete against us!” said the lowly USA!
Well said 👏👏
China has bigger problems than trade wars with the West. It’s housing Hubble house of cards is beginning to topple.
Pretty sound analysis.
One minor point though: Europe has essentially been economically irrelevant for an extended period of time now. The “Western mindset” is essentially the US mindset with the Europe simply being a blind follower of the US without openly admitting to it. This is hurting Europe in an unforeseeable fashion - they are simply doing nothing but working for the USD whilst having a stagnant economy which is bound to go bust.
China has bigger issues (housing bubble) currently than its trade wars with the West. The problem with China is it doesn’t play by the international rules of fair trade and IP theft. It’s pursuit of self-reliance has decreased its dependency on imports, but China continues to maintain its reliance on foreign demand.
Just because your friendly neighbor is building a bigger house. So, you and your friends decided to burn it down?
same neighbor who helps everyone else build their house.
Your escalators burn down by themselves
@@roqbar8764 Your balls are on fire.
shut up, we have the freedom to do so.
@@Elmer84092 I have the condom to poke fun at anything I want, so you shut up.
Nowhere else can I get this kind of invaluable information. Thanks, Ben.
Hooray! HARDWORK pays off!
Thanks for the encouraging report.
There are two types of people in our world; one that jealous at the other but take the jealousy as an encouragement to improve their life, while the other type of people who just jealous and complaint and whine , but do nothing to improve their life. The US falls into this category.
USA 🇺🇲 USA 🇺🇲 USA 🇺🇲
then there are those who are not jealous but resent the liars cheaters and thieves. they call us socialists.
Not only they do nothing to improve their life, they also trying to destroy those people who works hard to improve themselves and their lives
I was told there are three kinds, leader, folloè
I was told there are three kinds, leader, folloè
Tariff is always pass-on to the buyer, therefore 60% increase in tariff on Chinese products will be paid by American consumer! Moreover, many American manufacturers will loose the opportunity to buy cheap raw materials for their key industries! This will lead to unemployment and inflation in US!
Nah it will lead to investment in america because there is still demand.
Most trump supporters have no idea, Bidens clowns are no different.
Our major politicians are in a race as to who can wage war on American consumers the most.
🤯 Ben, well deserved sub and respect!!! It is only through the thorough research, where the truth finds the way. This was so educational, thank you!
The United States (US) is freaking out, because the People’s Republic of China is proving to the world that the western neoliberal capitalistic model can’t compete with China’s state led socialist model. The US government, therefore, has decided to abandon its free trade policy, to impose instead unilateral sanctions and other restrictions in order to stop China’s growth. This, however, will have the effect of accelerating de-dollarization! The West knows that its economic model does not benefit 100% of its people. It serves only its oligarchs. That is why the West must resort to lies, deception and crimes to try to disrupt China’s superior economic model that serves 100% of her people. And, China has accomplished this without colonizing anyone! It is important to note that the US has repeatedly refused to comply with 42 United Nations’ resolutions asking it to immediately return Puerto Rico’s sovereignty to the Puerto Ricans. The US, hypocritically, claims to support Taiwan’s inalienable right to self-determination and independence! Moreover, the US still has today 38 million Americans living in poverty, while 9 of the 10 richest men in the world are US citizens. China, on the hand, has already eradicated her poverty at home, despite having 4 times the US’ populations. The US government claims to be the champion of democracy with only 33% of Americans reporting satisfaction with our government. 90% of Chinese, contrary to western propaganda, are satisfied with their government! Let the people themselves judge democracy.
Right, there's no poverty in China!
@@roqbar8764 in the past 20 years, China has lifted almost a billion people out of poverty and into the middle class. Meanwhile by US metrics poverty is on the increase as is lack of access to healthcare, depletion of social services, wearing down of infrastructure etc. You can dig your head in the sand but the reality is China is making life better for its citizens by every metric as opposed to the US where everything is pointing in the other direction for the average American.
My head is up and swiveling, and I see them immigrating over here en masse, so things can't be that great. You can only keep eating gutter-oil-fried fake rice for so long, I guess. @@davidalexander9873
@@roqbar8764oh really ! Why have 45000 Chinese migrated to the U S ? Americans r still in their own country.
@@hindustan8796LOL! What an MSM Sheeple!
I bet you believed that Ir4q had WMD and Ukraine is winning the war
Thank you from Brazil BN! Journalism still exisists!
Another great video!!!! Thank you for sharing Ben!!
Excellent work by Ben Norton👍👍👍👏👏👏
I thought Elon Musk was for advancing mankind, but why is he so against the country that can bring mankind the most forward?
only now u saw his hypocrisy?
Elon is only for advancing Elon brand. Same as Trump and any other grifter from the US where you can only get ahead by scamming others.
don´t ever believe in a western oligarch they are all liars. they only care for their oligarch class. many idiots believe that Musk care about his employes but that is the biggest BS.
he is now att war with the Unions in Scandinavian countries bc he refues to have a deal with the Unions.
He is only for his wealth, and a liar as all the other US elitists .
This creature is extremely cunning and dangerous
I learn so much from this channel, it is probably the most informative channel on UA-cam.
Absolutely loved your analysis, thank you for helping me understand the current situation! Please continue!
Wait till working people get hit with these 60% tariffs.
It'll be like when Trump went after Canada and the price of lumber skyrocketed.
The red states will swallow it as they're screaming maga
Ben Norton, everytime I listen to your presentations I am in awe of your vast knowledge.
I say again, you are the best , bar none.
You are simply the best.
Thanks you Ben Norton for sharing with us your vast knowledge.
👍👍👍👍👍👍
All hail China's advance lithium battery pioneers! 👏 Long live Chinese solar machinery engineers! ✌️ May they and their descendants live in Peace & Prosperity for Ten Thousand years! 🙏✨💪
Ben Norton, You are the Adam Smith of the 21st century
Well said about western double standards
The US is the Tonya Harding of global competition 😂
😂
😢
Well said
This analysis hits. Was waiting for the obvious statement that the billionaire class influence on politics in US and the West to the detriment of the so-called free market has hurt the US-led Western economic policy.
Good job on this video.
The US is scared of China! 😂
Extremely scared
No just smarter and more cautious.
Literally no one is afraid of china.
@@annle9671They are scared...of losing dominance.
@@annle9671 Oh please! The US is as scared as scared can be. The US is seeing the western heagemony it has had for centuries disappear rapidly because of China.That is very scary considering the bullying the US has been doing.
Imagine one of us saying I’m going to extort or pressure someone into submitting to us. Everyone knows this is unprofessional and not right. How can they openly say this in principle
This is what they have always done.The native Americans and black people will testify to that.
China learned it's lesson to develop itself without speaking a word
America is building bombs, China is building bridges...🎉
Why America so scared to China, you have Iron Man,Captain America,Rambo use them to beat China they only have one Jacky Chan, hahahahaha......LOL.
Excellent analysis. I learn so much from watching you. Thank you.
As China gets more of its energy from renewables, the cost per kw will also drastically decrease, it will be a positive feedback loop that will make production of goods cheaper that the west and Japan cannot compete with.
Loser always find excuses, while Winner find solutions.
This is very true thank you so much Ben, ❤❤
You only increase tariffs on imported goods when your country is manufacturing those goods. If not the high tariffs will hit the consumers like a ton of bricks.
The US has been using the Tonya Harding strategy whenever it finds foreign companies over-taking or leading in certain technologies.
Toshiba surpassed the US as the world's largest chip supplier. In 1986, Washington issued a 2 to 5 year ban on all Toshiba products, saying the sale to the Soviet union had posed a threat to US national security.
Washington targeted Alstom as it became a formidable competitor of General Electric in many countries. In 2013, Frederic Pierucci, Alstom's executive, was arrested by police at NY airport for authorizing bribes to Indonesian officials to secure a contract. Several other Alstom's top managers were arrested in the US on bribery charges. In 2014, GE reached an agreement with Alstom to purchase Alstom's power and grid businesses, dismembering the global industrial giant.
Huawei CFO Meng Wanzhou was arrested in Vancouver in 2018 on Trumped-up charges. Neither the US nor Canada has offered clear evidence to support the US allegations against Meng.
Super GREAT, knowledgeable and educational!
It takes a wise and educated man to understand the complex of Western Occidental philosophy and how they had took advantage of the rest of the global south. People of the global south have very different philosophy where it is okay to share and to make other as a winner, too.
America is Tonya Harding. They never learn.
GOOD JOB. FRANK AND HONEST ASSESSMENT. THAT IS WHAY YOU CALL "THE TRUTH"
As long as the Chinese has influence in Africa, the surpass of America is enviable, Russia blocked France in the west Sahel for one reason to militarize the border between the Arabic people and the Africans isolating European power of choice.
LOL. Russia had nothing to do with the countries in the Sahel breaking away from France. Those are internal issues. They are supporting the new governments after the fact. Russia and China do not over throw other governments for their own gain like the US has repeatedly.
Nope they will never surpass the United States of America 🇺🇲
russia just wants a free africa so they can sell them stuff and let them prosper. they gave away a lot of grain a few months ago.
@@TacticalMayo They already have. And thinking you are going to invade them? Is a fools errand. They produce more steel than the rest of the world combined. They have half a dozen steel mills that they shut down due to pollution near their cities. But all of them are preserved, maintained and guarded. They could have them all back online in a week if they were threatened. And while the US has to buy weapons at extortionist prices? China OWNS the Military industrial complex. It gets it all at cost. And unlike the west where its not financially feasible to have excess production capacity laying around idle, They have a ton of military production that is sitting there waiting to go if they need it.
@@davefroman4700 👀 okay maybe you should reschedule your next comment.
Ben_Norton, I thank you for your excellence. You're a living legend.
To restrict Chinese products into the USA, the Americans need to find alternatives.
Not so simple.
China, on the other hand, can sell their desirable products to new markets that opens up in Asia, Africa and South America.
23:34 Ben’s Mandarin classes are paying off, he’s pronounciation of the Chinese minister’s name is pretty spot on 😂
Your beautiful research serves well. American political system needs drastically overhaul to serve the people not the elites.
Very well researched. Thanks! 👍
Ben is clearly expressing amazing double standards practiced by US and EU! When suited, free trade is promoted! When competition is tough, sets up barriers and forgets about free trade!
Western folk don't understand coz they in the inside. When you look it from outside is different
Free trade for all but when China is ahead in 5g you go allover world telling govt not buy Huawei 5g
Just look at how many engineers are created every day in China or India compared to the US. Not even close and it tells you everything you need to know about the future.
So government intervention in wars around the world is OK but government intervention in the economy is not?
The US is active in keeping asset values so high that no one can afford them.
Because we need assets and capital to live and create that is why we can't compeat with China.
Apparently!
Actually, government intervention in wars around the world is NOT ok !!, that's why China don't interfere with other nation's civil wars !! your statement is backwards
They don't intervene when apple are selling their product twice as mush as they pay to produce it. Now it's gonna cost more to bug a product. Stupid move
Wars are essentialy ecnomic intervention for monopolies. . Economic interventions of late have been trying to isolate companies that don't pay into political coffers.
Some Anglo-Saxons countries don't realize by pisxingoff China, they may not get some minerals necessary for their military hardware 😂
That could be another reason for the Belt- and Road Initiative. The PRC creates a world to trade beyond the west.
Through open tender in Australia, my company won contract to supply high tech equipment to Federal government in 2002. And win numerous around the world. The US use soft hand to ban us from bidding, such as not process our certificate application or let its prefer supplier know well ahead of tender but give us little time to prepare.
China has solid tech , why shoudn't the Chinese be blessed like Japan decades ago .....
Companies like Hisense are doing well .....📟💻🖥⌨💿🔭📡📚💹
Thanks Ben, you are definitely Mr Awesome. Great work of fascinating content
Wow amazing video and channel!!!!!
Great work!
Related context to Ben's main topic in the video: In Xinjiang, China operates a strategic international dry port and a special economic zone in the Khorgos City just right next to the southeastern border of Kazakhstan. This little border town has grown into a modern, high rise city which houses hundreds of Chinese and foreign enterprises investing in diverse economic fields from processing, manufacturing, hi-tech industry and services.
Furthermore, the presence of industrial parks in this city also benefits bilateral cooperation between China and Kazakhstan significantly because Kazakhstan has opened and operated several manufacturing plants and other companies in the economic zone, for quite a while. Just in October 2023 alone, both China and Kazakhstan had inaugurated the first phase construction of a brand new industrial park on the Kazakhstan side of the border, which covers a total area of 1,000 ha, is costed at around $692 millions and will be expected to create 2,000 jobs for the residents living in proximity to the new industrial area.
Now, you can try to draw the correlation with the recent news about the big German companies BASF and VW being threatened by the US with sanctions if they don't stop the operation of their plants in Xinjiang.
Sounds like win win, uncle Sam I am cry's in the corner.
with the issues the US has in Ukraine and Gaza one would have thought that both Trump and Biden would be more worried about those issues. China needs to up its game with internal consumption - and get itself organised around its own technology
Get a grip. The US accounts for less than 10% of China's exports today. They could cut the US off entirely and still be a growing economy.
China will have most of the devloping countries on there side except Argentina.
Reminds me of work. My boss says " u r 3 minutes late . But shows up constantly 30 minutes late cuz he had to drop his kid off at school " 😅
lol 60% tariff means expediting US to the medieval age.
Great work Ben
Excellent reporting @BenNorton thank god people like you exist in this world.
USA has no shame...why can't you just compete with China...or are you just damn to compete with China...😅
Awesome work Ben!
I'm impressed by your pronunciation of the name of Minister of Commerce, Wang Wentao. You even used the correct tones. It seems you have spent time studying Chinese.
musk is a snake for sure
More dangerous than a rattlesnakes
I'm fortunate enough to witness China's economic planning & progressive development through the decades. They truly are planners for the long term. They visualise in the long run. When you are quietly humble , you continue to learn , research & innovate. When you're arrogant you stop learning cos you think you have the best , you are the best & you have reached the peak. There is no peak to the Chinese. 没有最好，只有更好。No good is good enough to China. 🍻Cheers!! 干杯!!🇸🇬