You gotta hand it to Israel and the Saudis, they aren't lapdogs, rather the opposite, ¿sugar babies, maybe?. They suck all the money while having zero loyalty. "Good for them", sadly they are monsters.
As soon as it starts seriously hitting the bottom line of Western importers, Canada and Australia will crack like eggs. They had no problem doing business with China ten years ago. They'll shuffle all the sinophobia down the memory hole and be back to business as usual ten years from now. Its just not in any corporate influencer's interest to piss of a stack of money this tall. Only the Neolib/Neocon imperialist ghouls are able to see the real long-term consequences of a global economy centered on Beijing and they've lost massive amounts of influence since the Clinton heyday.
Japan's on a different level, simply because they're regional rivals rather than regional partners. Japan's export market competes with China's, globally. Although, even that may change as Chinese consumers begin demanding more cheap imports and Japan picks up that market share.
I guess only time will tell. But Chinese economic center-of-gravity isn't easily ignored.
(including our socdems)
lol we don't even have any socdems, the NDP barely do anything better for us than the Liberals
That's exactly the impression they want you (and their part of the electorate) to have. The fact is that the Japanese economy has been teetering on the brink for a long time and the population problems are only going to make it worse in the future. If Japan pissed off China enough, any sort of Chinese trade war or sanctions against Japan would send Japan into an economic disaster that they'd never pull out of.
The Japanese government knows this, Japanese companies know this, and China knows it too. That's why the far right talks big but never do anything too outrageous because they don't want to be the ones who get blamed for dropping the ball.
Plus, during the Trump years Abe started a policy of military reproachment with China, so it's not like the ideological die hards have that much power.
Why should we care about that though? They're a sovereign country freely exercising their right to traverse international waters and enter into treaties with other states. It's like the expansion of NATO, a matter only for the states involved.
Israel buys loads of weapons American companies love selling weapons. The two countries have interests that run parallel
Israel just buys loads of guns and explosives and America loves selling guns/explosives.
the relationship is that fucking simple. The US military industrial complex views Israel as a valued customer
yeah but that money comes from the US taxpayer and goes to private weapons companies that donate to politicians
no I just used US state and US miltary industrial complex interchangably
The people doing it reap profits from guns going to Israel via a convoluted financial mechanism which is their motivation the fact that the financial mechanism is convoluted is neither here nor there
I mean, I take your point and agree that this metaphor is inherently dangerous but I'd just like to remind everyone that Israeli and Jewish are not the same thing. Criticism of the state of Israel does not always equal race criticism.
Nah, Israel is a very well-trained dog. It does not just what it is told, but it anticipates its master's needs. The idea of Israel as the master in this relationship is rooted in anti-semitism, but even if somehow framed to not be anti-semitic it only serves to make America and the west in general blameless. Can't blame the dog if the owner punches someone, or blame someone who just likes a particular dog if it bites someone and wasn't raised and trained by that person and will not listen to their commands. Everything Israel does is with the blessing of the west and the US in particular. Remove that blessing and they would stop doing it. There would be no choice.
Israel is placing a bet that there will be more interest in Yuans in the future and less interest in dollars.
If that's true, it means China, which controls the yuan as its currency, will be in a relatively weaker position. and vice versa for the US.
If that’s true, it means China, which controls the yuan as its currency, will be in a relatively weaker position. and vice versa for the US.
I'm confused why that means China is in a weaker position if more people are interested in transacting in Yuan?
