More accurately, American capitalists hollowed out the country by moving the means of production to where it was cheapest. It was something they were inevitability gonna do, chasing the profit high. It seems China just anticipated it, and used the flow of capital to their favor.
“Absorbing foreign capital and technology and even allowing foreigners to construct plants in China can only play a complementary role to our effort to develop the productive forces in a socialist society. Of course, this will bring some decadent capitalist influences into China. We are aware of this possibility; it's nothing to be afraid of.” - Deng
Industrializing is no joke, you can't pay workers very well if the country isn't producing anything to pay them with. This is especially true when you need to be recirculating most of that surplus back into improving the means of production they're currently working and elsewhere.
Each labor-hour just doesn't produce that much in a non-industrialized economy. It's a brutal, if not barbaric, period of development. It was awful in America, it was awful in the Soviet Union, and it's awful in China.
The ussr competed against the usa.
China let America get addicted to its cheap labor and hollowed America out.
Also the 20+ years of the ussr fall coupled with America unraveling at the seams has done alot to allow China to grow.
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“Hollowed America out”
More please.
More accurately, American capitalists hollowed out the country by moving the means of production to where it was cheapest. It was something they were inevitability gonna do, chasing the profit high. It seems China just anticipated it, and used the flow of capital to their favor.
“Absorbing foreign capital and technology and even allowing foreigners to construct plants in China can only play a complementary role to our effort to develop the productive forces in a socialist society. Of course, this will bring some decadent capitalist influences into China. We are aware of this possibility; it's nothing to be afraid of.” - Deng
Such a power move - I love it :marx-goth:
For the leaders of the CCP sure but, the sweatshop guys aren't feeling the power, but the boot on the neck, imported from America.
theyve actually felt consistently rising wages and improving working conditions, year after year for the last several decades.
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Industrializing is no joke, you can't pay workers very well if the country isn't producing anything to pay them with. This is especially true when you need to be recirculating most of that surplus back into improving the means of production they're currently working and elsewhere.
Each labor-hour just doesn't produce that much in a non-industrialized economy. It's a brutal, if not barbaric, period of development. It was awful in America, it was awful in the Soviet Union, and it's awful in China.
A true dialectical materialist
China genuinely produced 90% of the world's steel and concrete in like 2019, it's wild.