THE DISPARITY BETWEEN THE USA AND CHINA WIDENS BUT THIS IS ONLY TEMPORARY.

One Response to THE DISPARITY BETWEEN THE USA AND CHINA WIDENS BUT THIS IS ONLY TEMPORARY.

1. David Melnychuk says:

   August 20, 2023 at 6:39 am

   Another excellent piece.It is strange to say but this site is the only one where I can find an objective analysis of the dynamics of the economic situation in China.The mainstream business media is consumed with a pervasive Schadenfreude with respect to every setback that may occur to the Chinese economy.In what concerns the “left” there is a marked hesitancy to even label it as a capitalist economy where the law of value reigns supreme which leads to a great deal of unhelpful apologetics.It is just not well understood that any competition between the two countries is one between two capitalist states as such.The one thing that can be said and which does not receive the attention it should is the absolute putrefaction of American political and economic elites.Both political parties are in a state of turmoil burdened with leaders essentially judged unacceptable by important sectors of the bourgeoise.The bourgeoisie itself can offer no perspective other than a degenerate hedonism usually referred to as libertarianism.This of course is not to exalt the Central Committee of the Chinese Capitalist Party.In the end it means that the emancipation of humanity will only be achieved by finding an alternative to these two oppressive entities.

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