As I mentioned, the whole “industrialization” discourse comes straight from the mouths of communists and Marxists economists even. Go read Hudson and him rambling about “financialization” as if that is the great evil of out time.
If they’ll realize this entirely depends if they continue to eat up this nonsense that the main evil is financial market people and not capitalists as a whole.
And as I also mentioned there is a tendency to fetishizse Chinese policies and their condition as the worlds industrial leader as if that is replicable everywhere else. China dominates based a lot on the mistakes from capitalists 30 years ago(they called it globalization then) when they moved their factories to China.
But nobody got 30 years left and a favorable global trade status quo like China got to benefit from.
As I mentioned, the whole “industrialization” discourse comes straight from the mouths of communists and Marxists economists even. Go read Hudson and him rambling about “financialization” as if that is the great evil of out time.
If they’ll realize this entirely depends if they continue to eat up this nonsense that the main evil is financial market people and not capitalists as a whole.
And as I also mentioned there is a tendency to fetishizse Chinese policies and their condition as the worlds industrial leader as if that is replicable everywhere else. China dominates based a lot on the mistakes from capitalists 30 years ago(they called it globalization then) when they moved their factories to China.
But nobody got 30 years left and a favorable global trade status quo like China got to benefit from.