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Transnational capital deliberately moved economic gravity from the United States to China, but China has not become hegemon because it does not want global reserve-currency and overseas military-base responsibilities, while America also resists.
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Transnational capital deliberately moved economic gravity from the United States to China, but China has not become hegemon because it does not want global reserve-currency and overseas military-base responsibilities, while America also resists.
"prevents it from imploding is the fact that all debt in China is localized instead of nationalized all right? So even though these Chinese..."
"...right? And so what the United States does is it imposes tariffs okay? Does it make sense? All right so in other words okay..."
"...and the impact it's had on his legacy, how was the tariff war doing before all this? In other"
"...called the GATT okay the GATT is a general agreement on tariff and trade so this is the WTO basically okay that's changed into..."
"...must be ready right now this week america also announced massive tariffs on chinese electrical vehicles um and so america is engaged in all..."
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