I wasn't making a statement about the entire Chinese economic system. This trade deal, though, is definitely an example of neoliberalism. Neoliberalism thrives by getting rid of trade regulations and national economic independence in favor of opening markets to be flooded by goods produced non-domestically. This appears to be exactly what the RCEP is doing. Expect to see countries with less domestic industrial power get flooded by cheap Chinese goods in the next decade. This is devastating for local producers, especially agricultural producers, who don't have the capital or the technology to compete with the big Chinese multinationals.
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I wasn't making a statement about the entire Chinese economic system. This trade deal, though, is definitely an example of neoliberalism. Neoliberalism thrives by getting rid of trade regulations and national economic independence in favor of opening markets to be flooded by goods produced non-domestically. This appears to be exactly what the RCEP is doing. Expect to see countries with less domestic industrial power get flooded by cheap Chinese goods in the next decade. This is devastating for local producers, especially agricultural producers, who don't have the capital or the technology to compete with the big Chinese multinationals.
Trade deals under capitalism only benefit the bourgeoisie, workers don't get shit, its how the system works