globinfo
freexchange
It
seems that everything goes according to the plan. Western
multinational monopolies could benefit even more through at least two
ways. Less competition in the production sector and a new huge tank
of consumers which is about to emerge:
“China
is poised to become a net capital exporter for the first time, with
total overseas direct investment exceeding foreign direct investment
by the end of the year, said Zeng Peiyan, chairman of the China
Center for International Economic Exchanges, at a forum on Sunday.”
“'China
is transforming from a major commodity exporter to a capital
exporter,' Zeng said. 'The large going-out of Chinese capital
means the country is able to participate in the restructuring of
global industrial, supply and value chains, which are the keys to
foster new competitive advantages,' he said.”
“The
middle-income group will be the main force to stabilize domestic
demand, he said. 'As the group is expanding, 600 million people will
be middle-income by 2020. Total consumption is expected to be tripled
by then compared with that in 2010.'”
“Since
the United States Federal Reserve announced the end of its
quantitative easing policy, the euro has fallen 10 percent against
the US dollar and the Japanese yen has weakened by 11 percent. The
Russian rouble has fallen about 45 percent against the dollar this
year and suffered a dramatic slide early last week.”
“The
combination of a gradual improvement in global demand, a relatively
sluggish domestic economy and declining global commodity prices has
largely widened China's current account surplus, which has put
additional upward pressure on the currency since June.”
The plan:
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The big question is: If all the
production will be automatized (even the services sector), who
will consume the products? Are we going to a model that most of
the people will be receiving unemployment benefits just to survive
and consume? In overpopulated developing countries there are huge
potential consumer tanks. Their consuming power will rise and the
complete automatization of the production there will take decades.
However, the suitable conditions should be created first, in the
aged and saturated West, in order a limit in wages to be
established and the expansion of the Western social state model to
be prevented because all these things mean an additional cost for
the global economic oligarchy:
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And
the battle:
Although
Western monopolies may benefit from this transformation of the
Chinese economy, the Chinese capital will be probably directed to
emerging economies and small-medium businesses, or even countries
that currently clearly belong to the Western sphere of influence, but
face huge problems due to the neoliberal doctrine and desperately
need new investments. The Cold War 2.0 in the economic field.
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What we see now, is a cruel
battle with time. On the one hand, Russia and China, together with
the rest of the BRICS, are trying to get rid of the dollar and
form their own currency system to gain complete independence, on
the other, the neocon banking-corporate puppets in the US are in
panic and seek desperately a pretext to come to war with Russia
and put an end to this threat for their plans. This explains their
agony to drag Russia into a warm conflict.
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The Obama policy that is pushing China and Russia closer together reeks of stupidity! With the U.S. eager to demonstrate goodwill and gesture its support to allies in Asia through the "re-pivoting to Asia campaign" the U.S. is actually re-pivoting China towards Russia. A great shift in power to the East continues. The struggle is occurring to unseat America as the worlds most dominate nation continues. For many proud Americans who see the United States as having a right to be in control it is both threatening and frustrating to see that control slip away.
ReplyDeleteIt is threatening to think the country might quickly fall to the position of a second rate power mired in debt with many of the options we have come to see as our right suddenly ripped away. It is frustrating that in many ways America appears to have become its own worse enemy guilty of political inaction and squandering its power through a series of bad choices and missteps. More in the article below about the continuing massive shift in power to Asia and how America must immediately face its problems and go about the business of setting its house in order.
http://brucewilds.blogspot.com/2014/06/americas-struggle-to-stay-on-top.html