Yh this is a really interesting illustration of a recurrent contradiction between the social form of the nation state which capitalism still exists in/with and which determines the state as an organ and expression of class dominance, and the narrow view of the individual capitalist.
I think China getting them to place huge amounts of investment and productive capital there was partially taking advantage of the prisoner's dilemma intrinsic to capitalism: for the individual capitalist, it made sense to take advantage of those profits in China. But in the long-run this undermines the power of their own nation state( especially because the CPC will not allow foreign capitalists to associate themselves as intimately with their own state as with their original one), and therefore undermines their interests as a collective national bourgeoisie (or, even if international, with a national base).
Also then a contradiction between the imperialism of neoliberalism (and the need to keep europe and co under yankie domination) and the desires or interests of their capitalists.
Yh this is a really interesting illustration of a recurrent contradiction between the social form of the nation state which capitalism still exists in/with and which determines the state as an organ and expression of class dominance, and the narrow view of the individual capitalist.
I think China getting them to place huge amounts of investment and productive capital there was partially taking advantage of the prisoner's dilemma intrinsic to capitalism: for the individual capitalist, it made sense to take advantage of those profits in China. But in the long-run this undermines the power of their own nation state( especially because the CPC will not allow foreign capitalists to associate themselves as intimately with their own state as with their original one), and therefore undermines their interests as a collective national bourgeoisie (or, even if international, with a national base).
Also then a contradiction between the imperialism of neoliberalism (and the need to keep europe and co under yankie domination) and the desires or interests of their capitalists.