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Difference between China and the US today explains why China is taking over the global economy (Original Post) Civic Justice Jun 2018 OP
I'll add this: cloudbase Jun 2018 #1
After a Global Economics course I took, I posted why the TPP would suck for everyone BUT China! TheBlackAdder Jun 2018 #2
China exhibits all the worst characteristics of Captialism and Communism... Wounded Bear Jun 2018 #3

cloudbase

(5,487 posts)
1. I'll add this:
Sat Jun 30, 2018, 09:18 AM
Jun 2018

American business is fixated on the profit and loss numbers for the next quarter, while China takes a long-term
outlook towards things.

TheBlackAdder

(28,076 posts)
2. After a Global Economics course I took, I posted why the TPP would suck for everyone BUT China!
Sat Jun 30, 2018, 10:03 AM
Jun 2018

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TPP was a boon for China, as they were not going to join. Effectively undercutting TPP nations.

They do this in Central & South America and Africa now.

The US and EU have trade agreements with nations that promote labor, finance and ecology. Most US & EU nations deal on short-term contracts and contracts that are smaller and can be canceled by corporations before their term ends--that causes costs and instability to countries dealing with the US and EU.

China, on the other hand, operates as a collective nation, and says, we'll sign on to multi-decade contracts for goods, and we don't care what you do to your labor, finance or ecology as long as we get the materials. Not only does that create income stability, but it saves emerging economies the costs of adhering to United Nation MDGs.


China is now the chief trading partner with nearly half of the Central and South American countries, displacing the US.

China then sells their goods back to those nations, specifically undercutting US and EU goods to make those nations dependent on China's low costs. More dangerously is that China sells goods cheaper than what are made in-state, so it slowly displaces local workers, lowers wages further and makes the nationals even more reliant on Chinese goods.


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TPP would hamstring TPP nations to these development goals, while China remains on the outside, picking off the weaknesses of each nations individually, and undercutting other TPP nations. The only way TPP would work is if Chain was a signer--which they hinted at becoming, but decided not to join. China's leverage remains if they are not a TPP nation.

https://www.democraticunderground.com/10029438923#post14

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