Thanks for your clarification. I speak to a lot of corporates and their lobbyists.... the salivation is as real today as it was 10 years ago. China's consumers are a lot richer today.
US corporates don't care as much about political surrender as their twitter accounts would have you believe. At the end of the day they care about profit. …
Thanks for your clarification. I speak to a lot of corporates and their lobbyists.... the salivation is as real today as it was 10 years ago. China's consumers are a lot richer today.
US corporates don't care as much about political surrender as their twitter accounts would have you believe. At the end of the day they care about profit. That's not to say any corporations want to harm their US client base either if they kowtow to China while the popular sentiment is so unfavorable.
Yes Xi has had a greater impact on China than any man since Deng, maybe even Mao. Ultimately he has executed the domestic strategies well enough that I see no end to this anytime soon.
Sure, no question on the nature of the corporates, right. But as you said, kowtowing to China is becoming increasingly untenable due to pressure on them in the USA. Since they’re not going anywhere, they will be forced into a less prc-focused strategy whether by public opinion or by direct govt sanction/law/policy. That will just be part of a larger alignment of the world into two blocs, no?
As primarily a finance/economics guy, i d say the two bloc scenario is almost impossible in trade/economics terms. To achieve it, the 'freedom bloc' has to take a sustained, multi election cycle, monumental, top-down and collectivist effort, which, to its credit, the bloc is unaccustomed to. To cut the argument short, i ll just put this forward: disengaging from China for real would necessitate a redistribution of wealth in advanced economies from the 0.1% (the majority of 1% is mere glorified clerks) and corporations to the majority rather quickly in order to forestall scoial or financial collapse during the long transition period. I dont see that happening given where power lies. The most likely scenario seems to be poorly conceived actions leading to deteriorating living standards and accute socioeconomic crisis.
Thanks for your clarification. I speak to a lot of corporates and their lobbyists.... the salivation is as real today as it was 10 years ago. China's consumers are a lot richer today.
US corporates don't care as much about political surrender as their twitter accounts would have you believe. At the end of the day they care about profit. That's not to say any corporations want to harm their US client base either if they kowtow to China while the popular sentiment is so unfavorable.
Yes Xi has had a greater impact on China than any man since Deng, maybe even Mao. Ultimately he has executed the domestic strategies well enough that I see no end to this anytime soon.
Sure, no question on the nature of the corporates, right. But as you said, kowtowing to China is becoming increasingly untenable due to pressure on them in the USA. Since they’re not going anywhere, they will be forced into a less prc-focused strategy whether by public opinion or by direct govt sanction/law/policy. That will just be part of a larger alignment of the world into two blocs, no?
As primarily a finance/economics guy, i d say the two bloc scenario is almost impossible in trade/economics terms. To achieve it, the 'freedom bloc' has to take a sustained, multi election cycle, monumental, top-down and collectivist effort, which, to its credit, the bloc is unaccustomed to. To cut the argument short, i ll just put this forward: disengaging from China for real would necessitate a redistribution of wealth in advanced economies from the 0.1% (the majority of 1% is mere glorified clerks) and corporations to the majority rather quickly in order to forestall scoial or financial collapse during the long transition period. I dont see that happening given where power lies. The most likely scenario seems to be poorly conceived actions leading to deteriorating living standards and accute socioeconomic crisis.
Dour and dire 😉😁! Thanks for sharing your experience