Imagine the Meltdown if China Put Sanctions on the U.S.
It is hard to imagine any group that takes seriously the US administration’s threats of sanctions on China. As this article points out, China does not depend on US imports. On the other hand, China makes 7 out of 10 all cell phones, 90% of the world’s computers and is responsible for most of the world’s industrial materials and auto parts. 95% of Walmart’s products comes from China. The article doesn’t even mention the $3 trillion in T bills China is owed by the US.
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About The Author
Bruce
Bruce Lerro has taught for 25 years as an adjunct college professor of psychology at Golden Gate University, Dominican University and Diablo Valley College. He has applied a Vygotskian socio-historical perspective to his four books: From Earth-Spirits to Sky-Gods: the Socio-ecological Origins of Monotheism, Individualism and Hyper-Abstract Reasoning Power in Eden: The Emergence of Gender Hierarchies in the Ancient World Co-Authored with Christopher Chase-Dunn Social Change: Globalization from the Stone Age to the Present and Lucifer's Labyrinth: Individualism, Hyper-Abstract Thinking and the Process of Becoming Civilized He is also a representational artist specializing in pen-and-ink drawings. Bruce is a libertarian communist and lives in Olympia WA.
Dear Bruce,
It seems that you favor RT and similar sources, which are related to “beyond Americanism” rather than “beyond capitalism”. They simply reflect inter-capitalist struggle of different capitalist clans and express their interests. Apologists of Russian oligarchic capitalism, nationalism, and autocracy do criticize American imperialism, but their opinions should be of little use for the international left movement.
Hi Nekto – and thank you for your comment. When we post geopolitical comments we do favor two things. One is the movement of Iran, Russia and China away from a US dominated world. We think that moving away from the petrodollar to more local currencies is a good thing because it weakens a single global power. Secondly, we think that when capitalism develops the productive forces, like energy systems and transportation systems, that is qualitatively better than making a profit from military and financial investments. From a domestic point of view we have no problem with criticizing these countries as exploiters of their own populations and stating our belief that they should be overthrown by a socialist movement. We think it’s a mistake to treat all global powers as equal just because they are all capitalist. We want to stay sensitive to differences between countries without being cheerleaders for them.