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Cake day: June 18th, 2023

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  • Buffalox@lemmy.worldtoWorld News@lemmy.worldU.S. Tariffs Make Xi Jinping’s Day
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    23 days ago

    Capitalism is not really a political system, it’s an economic model embraced by basically all political systems except communism.
    Almost every country on earth is capitalist in some way to some degree, even most communist systems.
    https://en.wikipedia.org/wiki/Capitalism

    characterized by private property … wage labor,

    All countries have private property and wage labor to some degree.

    private ownership of the means of production

    This characteristic has only been seriously challenged in communist systems, and while communist systems that do that have failed often, Capitalism remains by far the most successful economic model.

    This may change at some point in the future, when work is no longer necessary.
    But regulating capitalism according to political desires is the way to go (free market regulation). Currently abandoning capitalism is nothing but a pipedream.


  • That’s horse shit.

    No it’s not, The US and allies control WTO, and China was only allowed trade on WTO terms after they accepted to follow the WTO standards, basically designed by USA like for instance respecting copyright and patents. Chinese foreign trade was absolutely controlled by the “west”, and American politicians have openly stated how they need to prevent China from expanding their influence. Which obviously regards both economy and politics.

    Regarding Vietnam I’ve heard many places that Vietnam absolutely want to remain/increase independence from China, and they worry China has too much power in the region. So the phrase “In Asia, countries such as Vietnam hoped expanding trade with the U.S. would allow them to wriggle out from under Beijing’s thumb.” Seems justified to me from what I’ve heard.

    Of course they also want to remain on friendly terms with China, but they probably don’t want to be too dependent on a single country.






  • Russians are keeping at it, no sign of slowing down, no sign of Russia preparing their economy against collapse.
    Funny that Trump tries to help Russia, and then he throws the world into economic slowdown with tariffs.
    Just about the thing that can hurt Russia the most economically. Because oil prices will likely drop, and Russia still depend on oil exports.

    So at least one good thing may come out of the insanity of Trump, it will accelerate the collapse of the Russian federation.


  • This realization may be painful for Americans. But we should know that the rest of the world understands us more clearly than we understand ourselves.

    It seems to me most Americans here know what’s going on, and understand it well.
    But overall I think most Europeans understand USA in a way most Americans don’t. We generally understand how USA as a society is sick, sick with selfishness to a degree it’s become sociopathic, and for some reason it refuses anything that could help cure it.

    50 years ago USA was to many Europeans an ideal to follow. Today it’s a warning of what NOT to do.