They have the actual factories though, and have spent decades securing resources and ports throughout Asia, Africa and the Indian ocean. That's why the US is so hostile to the Belt and Road initiative.
Yes but they rely on global consumption, they are already in an overproduction glut even as the Chinese working class is transitioning into service industry.
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What would happen if this did occur?
In the short term, the financial witchery that holds up the US and European economies collapses , China becomes the new leading world power.
Long term, idk, probably ww3.
If only a leader of a socialist revolution wrote about how finance capital leads to war across the globe. :back-to-me-shining:
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Everything is so intertwined that that would collapse Chinese industry too.
They have the actual factories though, and have spent decades securing resources and ports throughout Asia, Africa and the Indian ocean. That's why the US is so hostile to the Belt and Road initiative.
Yes but they rely on global consumption, they are already in an overproduction glut even as the Chinese working class is transitioning into service industry.
This transition fiction is overhauled. It isn't as it was, cause the global capitalist empire changed.
i mean, if the U.S. is collapsing they could probably have an easier time transitioning to a fully planned economy