CHINA’S LONG TERM GOAL IS TO RESTORE THEIR OLD GOAL (RENTS)
—“China’s long-term goal in this will be very familiar to anyone who has studied the history of trade, war, and imperialism. Beijing would like to build up its own industrial power and hollow out that of the United States, its chief long-run strategic rival. Under imperialism, the metropole liked to foster and protect industry at home and keep colonies dependent by depriving them of manufacturing and getting them to import finished goods rather than creating them (let alone exporting them). Leverage belongs to the manufacturers. China has no need to start a war with the United States. One superpower can replace another by a gradual process of economic eclipse and induced de-industrialization. Let Americans think that their “service economy” will sustain itself. It won’t: a nation without a strong manufacturing base is as vulnerable as a nation that cannot feed itself or supply its own vital natural resources. “—
Source date (UTC): 2018-06-06 11:30:00 UTC