The US government is trying to divide the BRICS bloc and recruit India for its new cold war on China.
Biden doesn’t care that far-right Prime Minister Modi is closely linked to fascistic Hindu-supremacist groups that violently oppress minorities.
The US wants to repeat the Kissingerian “triangular diplomacy” it used to divide China from the former Soviet Union. But the circumstances are completely different today. US economic hegemony is in rapid decline.
https://geopoliticaleconomy.com/2023/06/23/us-india-far-right-modi-cold-war-china/
Biden doesn’t care that far-right Prime Minister Modi is closely linked to fascistic Hindu-supremacist groups that violently oppress minorities.
The US wants to repeat the Kissingerian “triangular diplomacy” it used to divide China from the former Soviet Union. But the circumstances are completely different today. US economic hegemony is in rapid decline.
https://geopoliticaleconomy.com/2023/06/23/us-india-far-right-modi-cold-war-china/
Geopolitical Economy Report
US woos India’s far-right PM Modi to help wage new cold war on China
The US government is trying to divide the BRICS bloc and recruit India for its new cold war on China. Biden doesn't care that far-right Prime Minister Modi is closely linked to fascistic Hindu-supremacist groups that violently oppress minorities.
The US voluntarily de-industrialized and financialized its economy, so corporations could make more profits by outsourcing manufacturing jobs to China, to exploit workers with lower wages.
Now China has become the world's manufacturing superpower, training highly skilled workers, significantly raising their living standards, and building its own local industries, which are out-competing many US corporations.
So the US instead changes the rules of its beloved "rules-based order", imposing sanctions and waging economic war on Chinese companies.
Meanwhile, Washington blames Beijing for this reversal, ignoring how the USA's own polices of de-industrialization, financialization, and outsourcing destroyed its industrial base.
As the Financial Times puts it in this article, "America is feeling buyer’s remorse at the world it built": https://archive.fo/Hh3US
Now China has become the world's manufacturing superpower, training highly skilled workers, significantly raising their living standards, and building its own local industries, which are out-competing many US corporations.
So the US instead changes the rules of its beloved "rules-based order", imposing sanctions and waging economic war on Chinese companies.
Meanwhile, Washington blames Beijing for this reversal, ignoring how the USA's own polices of de-industrialization, financialization, and outsourcing destroyed its industrial base.
As the Financial Times puts it in this article, "America is feeling buyer’s remorse at the world it built": https://archive.fo/Hh3US
What's ironic is that the US has long accused China of so-called "forced" technology transfer, because Beijing didn't just want its workers to be exploited by foreign capital; it wanted to develop its own industrial capacity, by requiring foreign investors to partner with domestic firms in joint ventures.
Washington constantly complained about this, although US investors willingly complied, because they were profiting.
But now that China's industrial economy has overtaken the financialized US economy, "industrial policy" is suddenly a popular term that everyone in Washington is talking about. US National Security Advisor Jake Sullivan just gave a big speech openly calling for a return to industrial policy.
So when the Chinese state guides the development of its economy, Washington wants us to think it's horrible, and "authoritarian", and "inefficient", and a supposed violation of the hallowed laws of "free trade".
But now that the US government is openly engaged in industrial policy (not to mention sanctions and economic war) aimed at undermining Chinese competitors, suddenly state intervention in the economy is a-okay for the "free market" lovers Washington.
This is how the US always operates: "Do what I say, not what I do", and "There's one set of rules for me, and another set for you".
Washington constantly complained about this, although US investors willingly complied, because they were profiting.
But now that China's industrial economy has overtaken the financialized US economy, "industrial policy" is suddenly a popular term that everyone in Washington is talking about. US National Security Advisor Jake Sullivan just gave a big speech openly calling for a return to industrial policy.
So when the Chinese state guides the development of its economy, Washington wants us to think it's horrible, and "authoritarian", and "inefficient", and a supposed violation of the hallowed laws of "free trade".
But now that the US government is openly engaged in industrial policy (not to mention sanctions and economic war) aimed at undermining Chinese competitors, suddenly state intervention in the economy is a-okay for the "free market" lovers Washington.
This is how the US always operates: "Do what I say, not what I do", and "There's one set of rules for me, and another set for you".
This article by a Stanford law professor summarizes how what the US calls China's supposed "forced" technology transfer is not actually forced:
"'Forced technology transfer' is a central issue in the ongoing U.S.–China trade row. The phrase encompasses a number of different practices, but the most significant according to various commentators involve measures that require foreign investors in China to partner with domestic entities as a condition of making an investment, either by forming a joint venture or affording Chinese investors a controlling equity stake.
"These 'corporate structure requirements' empower prospective Chinese partners to bargain for technology transfer as a condition of forming a new venture or otherwise enable them to learn the details of foreign technology through participation in the business enterprise.
"Foreign investors are free to reject such requirements and forego the associated investment opportunities, and in this sense any technology transfer pursuant to China’s requirements is 'consensual'".
https://law.stanford.edu/publications/the-economics-of-forced-technology-transfer-ftt-and-its-implications-for-trade-and-investment-policy-and-the-u-s-china-trade-war/
"'Forced technology transfer' is a central issue in the ongoing U.S.–China trade row. The phrase encompasses a number of different practices, but the most significant according to various commentators involve measures that require foreign investors in China to partner with domestic entities as a condition of making an investment, either by forming a joint venture or affording Chinese investors a controlling equity stake.
"These 'corporate structure requirements' empower prospective Chinese partners to bargain for technology transfer as a condition of forming a new venture or otherwise enable them to learn the details of foreign technology through participation in the business enterprise.
"Foreign investors are free to reject such requirements and forego the associated investment opportunities, and in this sense any technology transfer pursuant to China’s requirements is 'consensual'".
https://law.stanford.edu/publications/the-economics-of-forced-technology-transfer-ftt-and-its-implications-for-trade-and-investment-policy-and-the-u-s-china-trade-war/
Stanford Law School
The Law and Economics of “Forced” Technology Transfer and Its Implications for Trade and Investment Policy (and the U.S.–China…
“Forced technology transfer” is a central issue in the ongoing U.S.–China trade row. The phrase encompasses a number of different practices, but
US officials constantly claim that de-dollarization is exaggerated or not even really happening.
But the US Congress held a two-hour hearing to discuss the growing "threats" to the “supremacy” of the dollar.
I highlighted the main points:
https://geopoliticaleconomy.com/2023/06/20/us-congress-dollar-dominance-hearing/
But the US Congress held a two-hour hearing to discuss the growing "threats" to the “supremacy” of the dollar.
I highlighted the main points:
https://geopoliticaleconomy.com/2023/06/20/us-congress-dollar-dominance-hearing/
Geopolitical Economy Report
US Congress plots to save dollar dominance amid global de-dollarization rebellion
The US Congress held a hearing titled
US corporations in the S&P 500 spent $922.7 billion in 2022 buying back their own stock (up from $881.7 billion in 2021).
Apple alone spent $90.2 billion buying back its stock.
Such "efficient" allocation of resources! Trillions wasted pumping up a bubble. Zero goods produced.
https://wallstreetonparade.com/2023/07/apple-hits-3-trillion-market-cap-after-spending-more-than-half-a-trillion-dollars-on-stock-buybacks-since-2013/
Apple alone spent $90.2 billion buying back its stock.
Such "efficient" allocation of resources! Trillions wasted pumping up a bubble. Zero goods produced.
https://wallstreetonparade.com/2023/07/apple-hits-3-trillion-market-cap-after-spending-more-than-half-a-trillion-dollars-on-stock-buybacks-since-2013/
Wallstreetonparade
Apple Hits $3 Trillion Market Cap After Spending More than Half a Trillion Dollars on Stock Buybacks Since 2013
By Pam Martens and Russ Martens: July 3, 2023 ~ According to S&P Dow Jones Indices, component companies of the Standard & Poor’s 500 spent $922.7
Forwarded from Geopolitical Economy Report
The US and France have threatened intervention to re-install a pro-Western regime in Niger, which produces uranium needed for nuclear energy, has gold and untapped oil reserves, and hosts strategic US drone bases.
This follows coups led by nationalist, anti-colonial military officers in West Africa.
https://geopoliticaleconomy.com/2023/08/05/us-france-intervention-niger-west-africa/
This follows coups led by nationalist, anti-colonial military officers in West Africa.
https://geopoliticaleconomy.com/2023/08/05/us-france-intervention-niger-west-africa/
Geopolitical Economy Report
US/France threaten intervention in resource-rich Niger: Fears of war in West Africa
The US and France have threatened intervention to re-install a pro-Western regime in Niger, which produces uranium needed for nuclear energy, has untapped oil reserves, and hosts strategic US drone bases and French troops. This follows coups led by nationalist…
Forwarded from Geopolitical Economy Report
Western sanctions are failing, even backfiring:
The EU is importing Russian liquified natural gas at record levels, despite pledging to boycott its energy.
China is making advanced chips and strengthening tech sovereignty, despite US export restrictions.
https://geopoliticaleconomy.com/2023/09/05/sanctions-eu-russia-gas-china-tech/
The EU is importing Russian liquified natural gas at record levels, despite pledging to boycott its energy.
China is making advanced chips and strengthening tech sovereignty, despite US export restrictions.
https://geopoliticaleconomy.com/2023/09/05/sanctions-eu-russia-gas-china-tech/
Geopolitical Economy Report
Western sanctions failing: EU imports more Russian gas, China beats US tech war
Western sanctions are backfiring: The EU is importing Russian liquified natural gas at record levels, and China is making high-tech chips despite US export restrictions.
Forwarded from Geopolitical Economy Report
On September 11, 1973, the CIA sponsored a coup that overthrew copper-rich Chile's democratically elected socialist President Salvador Allende and imposed a fascist military dictatorship led by General Augusto Pinochet.
In this video, we review the historical evidence:
https://youtu.be/mkB08AKNjQ0?si=jxFl9G5OU6cIRKb7
In this video, we review the historical evidence:
https://youtu.be/mkB08AKNjQ0?si=jxFl9G5OU6cIRKb7
YouTube
The first 9/11: How the CIA overthrew Chile's democracy (and pillaged its copper)
On September 11, 1973, the CIA sponsored a coup that overthrew copper-rich Chile's democratically elected socialist President Salvador Allende and imposed a fascist military dictatorship led by General Augusto Pinochet. Journalist Ben Norton reviews the historical…
Forwarded from Geopolitical Economy Report
The Western media mostly ignored it, but Global South countries making up 80% of the world population just held the G77+China summit in Cuba.
They made a powerful call to transform the "unfair international economic order".
https://www.youtube.com/watch?v=A4I5bLlip5Y
They made a powerful call to transform the "unfair international economic order".
https://www.youtube.com/watch?v=A4I5bLlip5Y
YouTube
Global rebellion against the neocolonial financial system: 'We must change the rules of the game'
Global South countries making up 80% of the world population called to transform the "unfair international economic order" at the G77+China summit in Cuba.
Topics
0:00 Introduction
1:19 G77 vs G20 vs G8 vs G7
7:06 G77+China statement
18:17 Speech by Cuba's…
Topics
0:00 Introduction
1:19 G77 vs G20 vs G8 vs G7
7:06 G77+China statement
18:17 Speech by Cuba's…
China has accused the US government of continuously hacking Huawei's servers and conducting cyberattacks to steal other critical data since 2009.
China said US Big Tech companies install backdoors in software, apps, and equipment, to steal vital data from other countries.
Chinese security experts extracted spyware called Second Date while investigating a cyberattack on a university.
They found that Second Date is "cyberespionage malware developed by the US NSA, which operates covertly in thousands of networks in many countries around the world".
https://archive.ph/oV70n
https://asia.nikkei.com/Spotlight/Huawei-crackdown/China-accuses-U.S.-of-hacking-Huawei-servers-since-2009
China said US Big Tech companies install backdoors in software, apps, and equipment, to steal vital data from other countries.
Chinese security experts extracted spyware called Second Date while investigating a cyberattack on a university.
They found that Second Date is "cyberespionage malware developed by the US NSA, which operates covertly in thousands of networks in many countries around the world".
https://archive.ph/oV70n
https://asia.nikkei.com/Spotlight/Huawei-crackdown/China-accuses-U.S.-of-hacking-Huawei-servers-since-2009
Nikkei Asia
China accuses U.S. of hacking Huawei servers since 2009
Beijing says Washington forces tech companies to install backdoors for spying
Forwarded from Geopolitical Economy Report
The Pentagon has admitted that a Chinese balloon that crossed into US territory in February was not spying; it was likely accidentally blown off course by wind.
But Washington and the media milked this manufactured scandal for new cold war propaganda.
https://geopoliticaleconomy.com/2023/09/20/chinese-balloon-not-spying-us-admits/
But Washington and the media milked this manufactured scandal for new cold war propaganda.
https://geopoliticaleconomy.com/2023/09/20/chinese-balloon-not-spying-us-admits/
Geopolitical Economy Report
Chinese balloon was not spying, US gov’t admits months after manufactured crisis
The Pentagon admitted that a Chinese balloon that crossed into US territory in February was not spying; it was likely blown off course by wind. But Washington and the media milked this manufactured scandal for new cold war propaganda.
Forwarded from Geopolitical Economy Report
Poverty in one of the world's oldest colonies is getting worse:
In Puerto Rico, 41.7% of people, including 57.6% of children, live in poverty.
This is nearly 4 times the US rate.
And Puerto Rican workers are getting poorer even while unemployment falls.
https://geopoliticaleconomy.com/2023/09/26/poverty-puerto-rico-children-poor-families/
In Puerto Rico, 41.7% of people, including 57.6% of children, live in poverty.
This is nearly 4 times the US rate.
And Puerto Rican workers are getting poorer even while unemployment falls.
https://geopoliticaleconomy.com/2023/09/26/poverty-puerto-rico-children-poor-families/
Geopolitical Economy Report
Poverty is growing in Puerto Rico, under US colonialism: 57.6% of children live in poor households
Poverty is rising in one of the world's oldest colonies: In Puerto Rico, 41.7% of people, including 57.6% of children, live in poverty. This is nearly four times the US rate. And Puerto Rican workers are getting poorer even while unemployment falls.
International piracy: The US stole 1.1 million rounds of ammunition from Iran, and now it's sending them to Ukraine.
The US has also been stealing Iranian oil shipments.
Stealing from a country to fuel a proxy war in another: it's the Rules-Based Order™
https://www.aljazeera.com/news/2023/10/4/us-sends-1-1-million-rounds-of-seized-iranian-ammunition-to-ukraine
The US has also been stealing Iranian oil shipments.
Stealing from a country to fuel a proxy war in another: it's the Rules-Based Order™
https://www.aljazeera.com/news/2023/10/4/us-sends-1-1-million-rounds-of-seized-iranian-ammunition-to-ukraine
Al Jazeera
US sends 1.1 million rounds of seized Iranian ammunition to Ukraine
US military says that the ammunition was seized last year from a vessel allegedly shipping weapons from Iran to Yemen.
Israel bombed a hospital in Gaza on October 17, massacring 500 civilians. But then the apartheid regime absurdly blamed the victims, falsely claiming that the explosion was the result of Palestinians "misfiring" a rocket. US President Biden echoed this blatant lie.
A weapons expert and US Army veteran debunked Israel's claim. He examined the evidence and explained that Israel attacked the hospital using a "standard American munition".
The UK's state media outlet Channel 4 investigated and came to the same conclusion. It even showed how Israel fabricated a "recording" and how Israeli officials contradicted themselves in their own lies to the public.
This was a monstrous Israeli war crime, facilitated by the United States.
A weapons expert and US Army veteran debunked Israel's claim. He examined the evidence and explained that Israel attacked the hospital using a "standard American munition".
The UK's state media outlet Channel 4 investigated and came to the same conclusion. It even showed how Israel fabricated a "recording" and how Israeli officials contradicted themselves in their own lies to the public.
This was a monstrous Israeli war crime, facilitated by the United States.
Forwarded from Geopolitical Economy Report
The US vetoed Gaza ceasefire proposals at the UN Security Council, while sending Israel more weapons.
UN experts warn that Israel is carrying out ethnic cleansing of Palestinians.
An Israeli scholar of the Holocaust says Israel is guilty of genocide.
https://geopoliticaleconomy.com/2023/10/22/us-peace-gaza-israel-genocide/
UN experts warn that Israel is carrying out ethnic cleansing of Palestinians.
An Israeli scholar of the Holocaust says Israel is guilty of genocide.
https://geopoliticaleconomy.com/2023/10/22/us-peace-gaza-israel-genocide/
Geopolitical Economy Report
US blocks peace in Gaza, supporting Israel’s genocidal war on civilians
The United States vetoed Gaza ceasefire proposals at the UN Security Council, while sending Israel more weapons. UN experts warn Israel is carrying out ethnic cleansing. An Israeli scholar of the Holocaust says Israel is guilty of