Its becoming clear that China is on track to match or overtake the USA as a global superpower. Since like half of our economy is based on Chinese imports - is there even anything the bourgeoisie / military / intelligence agencies can do about it? Do you think we're going to move more towards conflict or is China going to pimp slap us and tell us to know our role or they won't make any iphones for us or whatever.
Real conflict seems very unlikely but there are psychos like John Bolton who will refuse to accept that USA isn't numba 1 anymore.
There are a couple of things.
First up is dollar hegemony. Having the dollar as the reserve currency is an exorbitant privilege. As China’s digital currency takes off, we may see a shift there. That severely curtails the US’ monetary policy space, which makes rampant money creation less feasible. It also limits the USA’s ability to sanction countries that defy the USA. This both means those countries will become more prosperous, and that other nations will find it easier to separate from the US system.
Next up is the shift of aligned nations. Now, I’m not seeing the US letting countries fall into China’s sphere without a fight. We’ve seen China’s able to give some support to existing left movements (but tbh, in some cases even present Russia does more), but we haven’t seen capacity to help others resist colour revolutions. It’s unfortunate, but we may see countries flirting with China or a China model flipped, as what happened with Bolivia recently.
Then there’s the question of Taiwan and the South China Sea. Depending on who you ask, it’s either going to be a flashpoint, or it’s well under control. Either way, there’s potential for it to go wrong, and there are some on both sides eager to see that happen.
Ukraine was flirting with the idea of closer ties with Russia and turning away from the EU and Obama's state dept quickly worked to torpedo that. I definitely think this will happen more.
Yeah I was thinking this too. I bet we'll start seeing China pick up more allies and smaller nations (especially geographically closer ones ) are gonna have to make some weird choices.
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Here's a recent example.
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No.
It's important to keep in mind that China is still vulnerable to economic sanctions and other forms of US aggression, as well. Most countries, even those under US aggression, do not have full latitude to defy US sanctions, which is why they work. Venezuela's still in a rough state and is even more heavily sanctioned than they were last year, and China's willingness to defy these sanctions now that they're in a position to do so, which only a handful of other countries have been willing to do, provides an essential lifeline.
Another example would be China's support for Venezuela in dealing with COVID when the sanctions have prevented them from getting medical supplies through other means.
http://spanish.xinhuanet.com/2020-05/13/c_139052631.htm
http://vicepresidencia.gob.ve/embajador-li-barong-venezuela-y-china-son-un-ejemplo-a-seguir-ante-la-comunidad-internacional/
This is in addition to diplomatic support, arms sales, and loans - which they absolutely need and which do not come on terms of structural adjustment - that they've been giving Venezuela since Chavez came to office.
Similar situation with Cuba.
Wikipedia had this funny line:
Similar situation in Bolivia with regards to development aid and loans.
China also has a good relationship with the government of Nepal, and the one Nepali communist I've talked to said that China's seen as an important buttress against Indian aggression over there, but I don't really know the details.
And then there's the fact that the DPRK basically wouldn't exist anymore if not for China's support.
Anyway, this is just a few of the things I remembered off the top of my head. They could probably do more, and I wish they did, but there's no question that every other socialist nation would be in a far, far worse position without China's support.
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