The White House has denied reports that it canceled talks with Chinese trade officials. China is set to surpass US as the world’s largest retail market as soon as the current year. Economist and co-founder of Democracy at Work Prof. Richard Wolff joins News.Views.Hughes to weigh in on the changing US-China trade relationship. He argues that the US-China trade war is too narrow in scope to address the extreme disparity between Chinese and US growth, and that “Chinese state socialism” has proven itself more successful than anyone anticipated.
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China is focused on a happy, peaceful consumer economy and the US is betting on a dismal, miserable, sadistic, war and security economy for the 21st century.
May as well just say that China will replace the US as the world's only superpower. They have the money and the means of production, all the US has is debt stacked on top of more debt, stacked on top of a failed system, in a failed third world shithole, floating on a fiat bubble. The USA is soon to be a thing of the past. Good fuking riddance.
The US economy is fading, not growing. The actual growth is all asset speculation and inflation fueled by cheap money. The industrial base of the economy is going, going, nearly gone. All that's left is financial speculation and artificial property asset growth. The economy here is dead and sooner rather than later it'll pop like the blown up carcass it's been for years now...
China is busy doing actual business while US is busy sanctioning the whole planet except Israel, invading and bombing other countries for their new liberal world order.
China and Russia have successful economics because they were able to resist American meddling in their economy and politics, whereas India, the middle east and south America are still struggling thanks to American meddling
It's not looking good for the U.S. not good at all,down to 25 and described as a "flawed democracy"it's seems the hype has lot to live up to the reality and the American Dream is just as George Carlin described it
Not by exports alone which the trumpeter tries put a brake or even stop. Ordinary Chinese can now enjoy the fruits of their labor by having more money in the pocket to buy from the offline retailers.
The American Freak Show let China have our future, because they bought the MSM lie that "protectionism doesn't work". A few Americans got rich on Chinese slave labor, at the expense of our country's future, and the Freak Show made it all come true, for the rich and the unconscionable few.
Obviously, this is what America's controllers wanted. All of America's industries relocated to China with US government's incentives, tax breaks and full support. America's former businesses are and will be forever, Chinese. Trying to blame China is nonsense.
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