Would bashing China solve all the problems of the United States

[0R0 + 6,251]

4 hours ago, ralfy said:

And behind all that are large amounts of credit (such as a global derivatives market with a notional value of over a quadrillion dollars) going against simple physics: peak oil and generally limits to growth.

 

1st, Greenspan took care to arrange the netting of the derivatives to create a known finite liability quantity between institutions and between them and the commercial market participants. That was embedded into the "living wills" of the banks in Dodd Frank. The purpose was to make the netting arrangements a legal imperative, rather than having the notional amounts be balanced in bankruptcy court, taking apart the netting arrangement. Assuming the legal standing holds, it is not at the scale of notional value but the netted amounts, about 4% to 6%. of the notional.

Humanity has long ago reached peak growth and has been receding from it in the developed world and China. Only US+Mexico, Argentina and France Sweden Turkey and possibly the UK still show minor population expansion. China EMU Japan Korea and the Asian Tigers all have declining birth rates for 40 years. India Philippines and Indonesia have all hit peak babies a decade ago and are at a decline in birth rates. Globally, peak babies is officially 2019 and in reality likely 2018 due to inflated birth rates from China.

The population that is growing is Octogenarians. Hardly a heavy consumer of anything other than nurse's time and medications.

Since a trend of lower birth rates require no further expansion of the infrastructure to accommodate them as they go through their lives, then their weight on the globe's resources is only that of their sustenance and is not growing..You don't need new schools, new roads, new housing, That is why EU oil consumption peaked 20 years ago..

Your concerns are 50 years out of date. Urbanization takes care of birth rates. The cell phone has eliminated rural unwanted births. So the entire Malthusian concern is out of whack with reality at the dawn of the era of free energy. Indeed, building that infrastructure to tap it is the only major project left for the industrialized world. India and Africa do not appear to be in any rush to industrialize. Once in place, natural resource consumption will dwindle much faster than in linear proportion to  population decline. That is 20-25% of GDP in capital spending that would become redundant, and a 10-20% reduction in active aged population per decade and their resource consumption along with their ageing into retirement. We are in a post growth world of excess capacity. 

[Mr Smee + 13]

I know where I’d rather live between the two countries, and it wouldn’t be in crack pot China that’s for sure. 

[frankfurter + 562]

On 5/29/2020 at 1:16 AM, 0R0 said:

The popular pickup of China as the source of the problems is because unlike Europe and other countries that blocked large chunks of Chinese imports, the US had not done so. There was a degree of obliviousness to Chinese import's effects on the US labor market and strategic industries. The subsidies for Chinese export industries were reflected in SP500 company's income statements and in their executive suite's compensation.  That is part and parcel of the income stratification in the US, and the social problems incurred. That includes being obese, as it is to a large extent a result of having a grain diet for people that should be eating a much more expensive diet of proteins and fats. They are driven to this by the drop in real incomes caused by competition with loss making Chinese production.

VAT was one of the means by which Europe transferred the burden of its domestic public services onto the imports and off their domestic production, thus they managed to hang on to industries that were displaced by US imports from China. They also had no problem using administrative tools to block Chinese import incursions by arbitrarily penalizing them.

Epidemics happen because of isolation. Thus a lack of immunity shared among the people in the global community. In this case, the isolation was inside the Wuhan Virology lab as they haphazardly constructed "enhanced" viruses. Just like the arrival of the Conquistador's germs and viruses wiped out the native populations of the Americas.

I do know to say that China's fanning the spread of the SARS Wuhan coronavirus was a deliberate act of war against the entire world outside it. I don't know and expect it was not a deliberate release, but just another stumble in the CCP's headlong rush to achieve a military advantage. They just went well over their skis. The public pronouncements by the now infamous "bat lady" Dr. Zhi Zhingli are pretty much a taunt at the West and ammounts to a threat of releasing more of her arsenal of enhanced viruses.

Nobody in their right minds should want to have anything made in China. Definitely not pharmaceuticals and not technology products. Detaching is the only road forward. Excise the country out of supply chains finance and commerce. Let the people of China deal with the cost of being under CCP rule, rather than allow them to export that cost to the world.

hmm, let's see... The media is plastered with accounts of the USA billionaires making hundreds of $ billions during this pandemic.  How much has the average middle class person earned? zero.  Per your diatribe, China is to blame.  This disparity results in a huge income gap, leading to obesity. Again, China is to blame for the greed of your 0.1% and for the behaviour of 60% of your dumbed-down, drugged-up 'murcans.  China is forcing your people to over-eat their taco chips and twinkies, none of which are made in China. Your fascist government will print $10 trillion and put your country into a government debt of $30 trillion. Again, China forced your govt idiots to take this action.  GM, Ford, Microsoft, Intel, Apple, Google, and hundreds of other 'capitalist' companies set up shop in China. yup, the China CCP came into your country and forced those companies to do this. 

man, you are one sicko racist. 

 

[Douglas Buckland + 6,308]

7 hours ago, ralfy said:

And behind all that are large amounts of credit (such as a global derivatives market with a notional value of over a quadrillion dollars) going against simple physics: peak oil and generally limits to growth.

 

Can you tell me, with a straight face, that we are at “peak oil”? Can you support this assumption?

[Douglas Buckland + 6,308]

1 hour ago, frankfurter said:

hmm, let's see... The media is plastered with accounts of the USA billionaires making hundreds of $ billions during this pandemic.  How much has the average middle class person earned? zero.  Per your diatribe, China is to blame.  This disparity results in a huge income gap, leading to obesity. Again, China is to blame for the greed of your 0.1% and for the behaviour of 60% of your dumbed-down, drugged-up 'murcans.  China is forcing your people to over-eat their taco chips and twinkies, none of which are made in China. Your fascist government will print $10 trillion and put your country into a government debt of $30 trillion. Again, China forced your govt idiots to take this action.  GM, Ford, Microsoft, Intel, Apple, Google, and hundreds of other 'capitalist' companies set up shop in China. yup, the China CCP came into your country and forced those companies to do this. 

man, you are one sicko racist. 

 

...and you are an idiot.

[Ward Smith + 6,615]

20 hours ago, BradleyPNW said:

Whoops, found another hole in your Obamagate conspiracy plot. Unmasking isn't illegal. Again, laws and stuff. Do you know what is illegal? Lying to the FBI during an investigation. Lying to the FBI is so illegal you can go to prison for it. 

Now, when the Obama officials asked "who is this guy we don't know because his name is blacked out in this report?" the answer happened to be the same guy who later wound up lying to the FBI (illegal, remember) about his contacts, plural, with a hostile foreign government. See how that works? You don't unmask Flynn. You unmask the name of the person blacked out in the report because you don't know who they are and you want to find out. 

So to recap: Obama & staff, not guilty; Flynn, guilty. 

unmasking isn't illegal, but lying to Congress is. So when Obama claims he didn't know anything about this he probably is lying, but no proof. Biden also claimed he didn't know, when the unmasking was revealed we see that he lied. He'd been counting on the unmasking record staying hidden. 

Flynn is innocent, do try and keep up. A Federal Judge is about to lose his post if he doesn't vacate the invalid plea. 

[Marcin2 + 724]

18 hours ago, ralfy said:

And behind all that are large amounts of credit (such as a global derivatives market with a notional value of over a quadrillion dollars) going against simple physics: peak oil and generally limits to growth.

 

Oil is still dirt cheap, so we are still many years and/or many million bbl/d of consumption from peak oil.

Global oil consumption of 37 billion barrels costs only 2.2 trillion at 60 and 3.7 trillion at 100 dollars,

which is 2.5% and 4.2% of global GDP.

Not much for the most important natural resource without reasonable substitutes (apart from natural gas).

I think that limits of growth relate only to 15% of global population in high-income countries.

We can reasonably assume that world would be eager to spend 4% of global GDP in the future.

Developing countries are growing at 5% and we can assume that real global GDP would roughly double in the next 20 years.

So would global oil bill with at least current % of GDP spending.

There is still a room for both increase of consumption and of price of oil.

[BradleyPNW + 282]

2 hours ago, Ward Smith said:

unmasking isn't illegal, but lying to Congress is. So when Obama claims he didn't know anything about this he probably is lying, but no proof. Biden also claimed he didn't know, when the unmasking was revealed we see that he lied. He'd been counting on the unmasking record staying hidden. 

Flynn is innocent, do try and keep up. A Federal Judge is about to lose his post if he doesn't vacate the invalid plea. 

1) Flynn pleaded guilty to lying to the FBI during an investigation. Twice. 
2) The Flynn Kislyak transcripts were released to the public so we can see for ourselves, Flynn lied. 
3) Unmasking is not illegal.
4) Obama hasn't talked to congress. 
5) No one knows who they are unmasking when they make the request. The name is blacked out. That's the whole point of unmasking. 

But you think Biden wanted the unmasking to remain hidden because why? 

https://www.politico.com/news/2020/05/29/trump-flynn-russia-ambassador-289905

Edited May 30, 2020 by BradleyPNW

[Ward Smith + 6,615]

1 hour ago, BradleyPNW said:

1) Flynn pleaded guilty to lying to the FBI during an investigation. Twice. 
2) The Flynn Kislyak transcripts were released to the public so we can see for ourselves, Flynn lied. 
3) Unmasking is not illegal.
4) Obama hasn't talked to congress. 
5) No one knows who they are unmasking when they make the request. The name is blacked out. That's the whole point of unmasking. 

But you think Biden wanted the unmasking to remain hidden because why? 

https://www.politico.com/news/2020/05/29/trump-flynn-russia-ambassador-289905

Flynn pleaded guilty because he was already dead broke fighting the unlimited legal budget of the federal government. He didn't lie, the FBI agents themselves said that, but they were overruled by Peter Strzok their superior, now unemployed, dishonorably and an obnoxious partisan Obama agent working to undermine the president elect! Your hero. 

There was nothing wrong in the transcript. What was wrong was butt hurt Obama lashing out at a nuclear power because the Demoncrats didn't win the election. 

"They show no sign that he condemned Russia’s interference in the 2016 election to Kislyak."

There is no proof the RUSSIANS interfered in the election. An "assessment" by bought and paid partisans in the Obama govt doesn't mean… shit

The rest of your diatribe is meaningless, asked and answered. Either you're incredibly stupid or incredibly obtuse. I'm not going to waste further time setting you straight. You'll just pretend you don't understand or you're incapable of understanding simple logic. 

[BradleyPNW + 282]

1 hour ago, Ward Smith said:

Flynn pleaded guilty because he was already dead broke fighting the unlimited legal budget of the federal government. He didn't lie, the FBI agents themselves said that, but they were overruled by Peter Strzok their superior, now unemployed, dishonorably and an obnoxious partisan Obama agent working to undermine the president elect! Your hero. 

There was nothing wrong in the transcript. What was wrong was butt hurt Obama lashing out at a nuclear power because the Demoncrats didn't win the election. 

"They show no sign that he condemned Russia’s interference in the 2016 election to Kislyak."

There is no proof the RUSSIANS interfered in the election. An "assessment" by bought and paid partisans in the Obama govt doesn't mean… shit

The rest of your diatribe is meaningless, asked and answered. Either you're incredibly stupid or incredibly obtuse. I'm not going to waste further time setting you straight. You'll just pretend you don't understand or you're incapable of understanding simple logic. 

 

[Ward Smith + 6,615]

41 minutes ago, BradleyPNW said:

 

You should change your avatar to the black knight since that's clearly you

[Eyes Wide Open + 3,539]

47 minutes ago, BradleyPNW said:

 

I am Antifia here my roar....

[BradleyPNW + 282]

11 minutes ago, Ward Smith said:

You should change your avatar to the black knight since that's clearly you

I gave you a participation trophy. I hope that makes you feel better. 

[SUZNV + 1,197]

Talk about legal and laws, you have to question about motives first:

-Why should Putin helped Trump win the election while Dem is against shale oil?

-The only argument support Russia Gate is true because Flynn plead guilty, in laws, many innocent people plead guilty because it is the cheapest option for them. If you have to choose between losing your accumulated assets  and 2 years in prison (and lost 2 year incomes), people simply choose prison or you want a big debt which you cannot pay for the rest of your life. Anyone here would choose differently? Flynn have the motive to plead guilty and surely it is not from his remorse.

-Obama Gate with all the declassification which are strong evidences could be turned into conspiracy because of the above? What is the logic in that?

-Do the super rich people included professional politicians like the Clinton or  the Obama? We all know how much did they have before and after they leave the White House? Yet somehow these facts are ignored. If they can accumulate wealth legally from their careers, why should any other non politician cannot while they took their own risks to build what they have legally?

- Why mainstream act against their owners' interest? They simply tell people what people want to hear and they will have lots of subscribers. 

Good luck with facts check in politics. Facts and statistics are used for political purposes to manipulate voters, mainstream are their speakers, they are not proven  fundamental science laws. Otherwise it is the scientists who are world leaders, not politicians. Countless facts were hidden in the long river of histories and we may never find out, because of the past politicians twisted many events, why should everything is obvious like what the mainstream saying now?  Since when mainstream can represent justice or fact or truth while they are owned by corporate themselves? Obviously you see what you want to see. Stating politics as facts or science is an insult of science and logic.

If it is not from mainstream, then it is from conspiracy theory. This is the manipulation technique any Communism Gov has. And it only displays the shallowest layer they want majority people to believe in.  Because not everyone want to invest time to dig deeper, or have good memory of many events and the timelines, or lazy to think, or don't have confidence to make their own conclusions, or too emotional or too fearful, or don't have vision on other half of the truth, or bias and want to hear what they want to hear etc. They don't need to tell the truth if they can persuade majority of people believe in them/their donors.

The world is not black and white, it can have light grey, dark grey or invisible. 

 

[ralfy + 55]

On 5/30/2020 at 2:49 PM, Strangelovesurfing said:

Not spent much time in the US have you? I’ve been hearing about hyper-inflation being just around the corner forever

The dollar is used for oil trade worldwide and remains a reserve currency.

 

[ralfy + 55]

12 hours ago, Marcin2 said:

Oil is still dirt cheap, so we are still many years and/or many million bbl/d of consumption from peak oil.

Global oil consumption of 37 billion barrels costs only 2.2 trillion at 60 and 3.7 trillion at 100 dollars,

which is 2.5% and 4.2% of global GDP.

Not much for the most important natural resource without reasonable substitutes (apart from natural gas).

I think that limits of growth relate only to 15% of global population in high-income countries.

We can reasonably assume that world would be eager to spend 4% of global GDP in the future.

Developing countries are growing at 5% and we can assume that real global GDP would roughly double in the next 20 years.

So would global oil bill with at least current % of GDP spending.

There is still a room for both increase of consumption and of price of oil.

What you want isn't the dollar price of oil but the energy cost and return. The fact that we are now resorting to shale shows that returns have been going down. Even oil production per capita has been in plateau since 1979.

Seeing that as a percentage of GDP is senseless because money can be created easily. That's why even beyond global GDP we have a derivatives market with a notional value of around a quadrillion dollars.

Limits to growth refers to the world population and not just to the fraction that makes up the middle class because most manufactured goods and mechanized agriculture involve material resources.

Only your last point is correct: there is a lot of room to consume and spend because of all things it's money that can be created easily. But that doesn't reverse diminishing returns brought about by physical limitations.

 

 

[Hotone + 412]

On 5/30/2020 at 2:50 PM, 0R0 said:

1st, Greenspan took care to arrange the netting of the derivatives to create a known finite liability quantity between institutions and between them and the commercial market participants. That was embedded into the "living wills" of the banks in Dodd Frank. The purpose was to make the netting arrangements a legal imperative, rather than having the notional amounts be balanced in bankruptcy court, taking apart the netting arrangement. Assuming the legal standing holds, it is not at the scale of notional value but the netted amounts, about 4% to 6%. of the notional.

Humanity has long ago reached peak growth and has been receding from it in the developed world and China. Only US+Mexico, Argentina and France Sweden Turkey and possibly the UK still show minor population expansion. China EMU Japan Korea and the Asian Tigers all have declining birth rates for 40 years. India Philippines and Indonesia have all hit peak babies a decade ago and are at a decline in birth rates. Globally, peak babies is officially 2019 and in reality likely 2018 due to inflated birth rates from China.

The population that is growing is Octogenarians. Hardly a heavy consumer of anything other than nurse's time and medications.

Since a trend of lower birth rates require no further expansion of the infrastructure to accommodate them as they go through their lives, then their weight on the globe's resources is only that of their sustenance and is not growing..You don't need new schools, new roads, new housing, That is why EU oil consumption peaked 20 years ago..

Your concerns are 50 years out of date. Urbanization takes care of birth rates. The cell phone has eliminated rural unwanted births. So the entire Malthusian concern is out of whack with reality at the dawn of the era of free energy. Indeed, building that infrastructure to tap it is the only major project left for the industrialized world. India and Africa do not appear to be in any rush to industrialize. Once in place, natural resource consumption will dwindle much faster than in linear proportion to  population decline. That is 20-25% of GDP in capital spending that would become redundant, and a 10-20% reduction in active aged population per decade and their resource consumption along with their ageing into retirement. We are in a post growth world of excess capacity. 

I think that your are wrong about Europe.  The population will grow, but it will be black.

Edited May 31, 2020 by Hotone

[0R0 + 6,251]

4 hours ago, Hotone said:

I think that your are wrong about Europe.  The population will grow, but it will be black.

 

The stats are quite clear. The immigrant families adopt the host country's family planning behavior within one generation. If you come with a large family, the kids are going to have average sized families as their adopted countrymen. Often smaller families for the third generation, as the cost of raising the kids is too high and economically they are normally well behind the average for their country. Thus this projection is unlikely. The immigrants will join the terminal demographic behavior of their host populations.

Edited May 31, 2020 by 0R0

[0R0 + 6,251]

On 5/30/2020 at 4:05 AM, frankfurter said:

hmm, let's see... The media is plastered with accounts of the USA billionaires making hundreds of $ billions during this pandemic.  How much has the average middle class person earned? zero.  Per your diatribe, China is to blame.  This disparity results in a huge income gap, leading to obesity. Again, China is to blame for the greed of your 0.1% and for the behaviour of 60% of your dumbed-down, drugged-up 'murcans.  China is forcing your people to over-eat their taco chips and twinkies, none of which are made in China. Your fascist government will print $10 trillion and put your country into a government debt of $30 trillion. Again, China forced your govt idiots to take this action.  GM, Ford, Microsoft, Intel, Apple, Google, and hundreds of other 'capitalist' companies set up shop in China. yup, the China CCP came into your country and forced those companies to do this. 

man, you are one sicko racist. 

 

As usual you invent a ghost narrative out of my writing in order to project a criticism of the resulting shapeless cloud your "reasoning" created.

China USED the "greed" of the 0.1% to offer them free credit and serf labor (that is the Chinese people) to bring production into China. Those are called subsidies and are not "capitalist" and are violations of WTO rules. It is China's actions that drive it, they are the cause. Once a single competitor in an industry is hooked in, all the others must do the same or be extinguished. That argument is FALSE.

The US Fed and government are injecting as much as they can as quickly as they can. The only fast way to helicopter drop money into the economy is via pumping of the financial markets by buying financial assets. It favors the wealthy who have large portfolios of such assets disproportionately. The alternative is to let the economy and financial system collapse due to an act of Chinese BIO-WARFARE, thus aiding China Communist Party in its worldwide genocidal war against humanity. 

It is the CCP who are racist, who enslave "their" people, sell them to the highest payer of kickbacks, and abuse them and kill them at will. The only good thing possible for the Chinese people is to ELIMINATE the CCP so that they can engage with the world as free people. If the CCP had its way, then there would be no people on the planet not enslaved by them.

YOU are a Chinese Nazi, believing in the supremacy of your Fuhrer Xi, and the "han Chinese" super race, which actually means the CCP membership, or 6% of China. How can you live with yourself.

Do your people a favor and save them from the CCP. Throw a CCP official out the window as often as you can get away with it.

[Hotone + 412]

8 minutes ago, 0R0 said:

The stats are quite clear. The immigrant families adopt the hos country's family planning behavior withing one generation. If you come with a large family, the kids are going to have average sized families as their adopted countrymen. Often smaller families for the third generation, as the cost of raising the kids is too high and economically they are normally well behind the average for their country. Thus this projection is unlikely. The immigrants will join the terminal demographic behavior of their host populations.

The speaker is a former President of the United Nations Security Council.  He predicts that there will be more migrant boats coming to Europe.  

I went for a holiday in Italy in 2016 and I saw a lot of migrants at the railway station. 

Unlike the US, I don't think Europe can build a wall.
 

[frankfurter + 562]

On 5/28/2020 at 8:16 AM, Marcin2 said:

This obvious conclusion after watching US media and top US politicians requires not much further comment.

If US would critisize China strong enough it would solve the following US problems:

- high budget deficit,

- high trade deficit,

- Covid epidemic,

- high crime prevalence 

- uncontrolled illegal immigration

- American obesity problem

- high government debt

- rising unequalities in society

- high level political corruption called lobbying

and many, many others

True, many others: racism, ignorance, drugs, poverty, too many to list.  Turning to your question at the header... no... bashing China alone would not solve America's ills... but bashing China AND Russia together would... haven't you read the news lately? 

 

 

Edited May 31, 2020 by frankfurter

[0R0 + 6,251]

36 minutes ago, Hotone said:

The speaker is a former President of the United Nations Security Council.  He predicts that there will be more migrant boats coming to Europe.  

I went for a holiday in Italy in 2016 and I saw a lot of migrants at the railway station. 

Unlike the US, I don't think Europe can build a wall.
 

They will shoot at the boats. It was done before, it will happen again.

[Ward Smith + 6,615]

11 hours ago, SUZNV said:

Talk about legal and laws, you have to question about motives first:

-Why should Putin helped Trump win the election while Dem is against shale oil?

-The only argument support Russia Gate is true because Flynn plead guilty, in laws, many innocent people plead guilty because it is the cheapest option for them. If you have to choose between losing your accumulated assets  and 2 years in prison (and lost 2 year incomes), people simply choose prison or you want a big debt which you cannot pay for the rest of your life. Anyone here would choose differently? Flynn have the motive to plead guilty and surely it is not from his remorse.

-Obama Gate with all the declassification which are strong evidences could be turned into conspiracy because of the above? What is the logic in that?

-Do the super rich people included professional politicians like the Clinton or  the Obama? We all know how much did they have before and after they leave the White House? Yet somehow these facts are ignored. If they can accumulate wealth legally from their careers, why should any other non politician cannot while they took their own risks to build what they have legally?

- Why mainstream act against their owners' interest? They simply tell people what people want to hear and they will have lots of subscribers. 

Good luck with facts check in politics. Facts and statistics are used for political purposes to manipulate voters, mainstream are their speakers, they are not proven  fundamental science laws. Otherwise it is the scientists who are world leaders, not politicians. Countless facts were hidden in the long river of histories and we may never find out, because of the past politicians twisted many events, why should everything is obvious like what the mainstream saying now?  Since when mainstream can represent justice or fact or truth while they are owned by corporate themselves? Obviously you see what you want to see. Stating politics as facts or science is an insult of science and logic.

If it is not from mainstream, then it is from conspiracy theory. This is the manipulation technique any Communism Gov has. And it only displays the shallowest layer they want majority people to believe in.  Because not everyone want to invest time to dig deeper, or have good memory of many events and the timelines, or lazy to think, or don't have confidence to make their own conclusions, or too emotional or too fearful, or don't have vision on other half of the truth, or bias and want to hear what they want to hear etc. They don't need to tell the truth if they can persuade majority of people believe in them/their donors.

The world is not black and white, it can have light grey, dark grey or invisible. 

 

Nothing to add, I just enjoyed your post so much I wanted to see it again

[Hotone + 412]

1 hour ago, 0R0 said:

They will shoot at the boats. It was done before, it will happen again.

You are joking, right? Besides Europeans care about human rights.  If as you pointed out, the European demographic is aging AND shrinking, it would make sense to accept immigrants to rejuvenate and grow the populations.  

[canadas canadas + 136]

China has been one of the bigggest beneficiaries of the West's neoliberal economic policies for the last 40 years.  This first started with the U.S. approachment with China in the 1970s through Kissinger and Nixon.  Ever since, the U.S. middle class has declined and their jobs erroded and being taken over mostly by China.  As most Americans have been making less and less, they have been fed a diet of cheaper made in China goods in a vicious downward economic cycle to the bottom where the less you have the more you spend on cheaper Chinese goods.  WM and Dollar Stores have led the way. Of course this leads to one eventually losing whatever is left of one's job here by buying these. Thus, this fighting bluster between U.S. and China looks like dramatic phony b/s.  With over 40 milion U.S. unemployed in the last two months of CV-19 and U.S. billionaires adding over 400 billion dollars to their wealth in the last two months of CV-19, this amounts to around $10,000 for each unemployed person.  It is obvious that this is neoliberalism at its best and since China is a very important part of this neoliberal equation, many neoliberals are not going to let go of China since China is a very important tool of neoliberal economics in suppressing the economic power of workers in the West. Without China and its cheaper production workforce base, there is no Western neoliberalism possible. 

Edited May 31, 2020 by canadas canadas