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Ross Welcome to Renegade Inc. With China’s increasing wealth, Western investors want some of the action. One of those investors is a bullish gentleman called George Soros. However, the Chinese are acutely aware that with Western investment comes inequality. So as Beijing begins to rethink how to do proper economic growth, we ask, will China learn from Western mistakes?

Ross Michael Hudson, always great to have you back on Renegade Inc.

Michael Hudson It’s good to be back here. Thanks for having me.

Ross Michael, we join you at a time where a lot of people think the unipolar world could have maintained its supremacy. Turns out it hasn’t. Multipolar world is here to stay. You of late have been quite vocal about George Soros, no less. Mr. Soros has been casting aspersions about various things, but one of them is talking about the Chinese economy and why Black Rock, amongst others, should be allowed to invest there, because ultimately it’s going to undo American interests. Can you unpack that for us because it seems very complicated?

Michael Hudson Well, George Soros’ dream is that China would do what Yeltsin did to Russia – that it would privatise the economy, really carve it up and let US investors buy control of the most profitable heights. In that way, the foreign investors would be able to sort of get the profits of Chinese industry, Chinese labour, and it would become the darling stock market of the world, just like Russia’s stock market was the leading booming stock market of 1994-96. China would be run to benefit US investment bankers. Soros is furious that China is not following the neoliberal policy that the United States is following. It’s following a socialist policy wanting to keep its economic surplus at home to benefit its own citizens, not American financial investors. For Soros, this is a clash of civilisations. His proposed strategy is to stifle the Chinese economy by putting sanctions against it, to stop investing in it so as to force it to do to itself what Yeltsin did to Russia.

Ross Let’s hear it in his words. He says: ‘The BlackRock initiative imperils the national security interests of the US and other democracies because the money invested in China will help prop up President Xi’s regime, which is repressive at home and aggressive abroad. Congress should pass legislation empowering the Securities and Exchange Commission to limit the flow of funds to China. The effort ought to enjoy bipartisan support’. He’s not mincing his words, is he?

Michael Hudson He thinks that China actually needs American dollars to build its factories and invest. He thinks that somehow China’s balance of payments is going to fall apart without the US market, without US investors telling President Xi what to do. The Chinese government won’t have a clue as to what to invest in and how to let the ‘free market’, meaning George Soros and BlackRock and other companies, operate. So he’s living in a dream world where other people need us. It’s like a guy who doesn’t realise his girlfriend doesn’t need him anymore.

Ross There seems to me to be a distinction here that the Chinese are acutely aware of, and it’s between the classical economists and the neoclassical economists. The classical economists have understood the idea of unearned wealth, unearned income. The neoclassical economists actively chase unearned wealth, unearned income, because that is central to their playbook. Can you just expand on those two ideas? And is it the case that that’s why you talk about a clash of civilisations?

Michael Hudson Well, you put your finger on it, Ross. People think that China’s advantage is its abundant, low priced labour force, or the government building infrastructure. But what’s guiding this is an understanding of the kind of economics that goes back even beyond Marx, to Adam Smith, and John Stuart Mill and the other classical economists. They realise that there’s a difference between earning income and creating wealth by employing labour to produce goods, to sell at a profit and then reinvest these profits and more capital formation, in contrast to simply buying a rent-yielding property, buying land and letting it rise in price without the landlord doing anything, buying a monopoly and just raising the price – charging monopoly prices like the US pharmaceutical companies are doing. China understands the difference between earned income and unearned income, between productive investment and unproductive investment.

In the United States, if they do recognise this difference, they realise that via unearned income you can make wealth by parasitically much quicker than you can actually create real wealth. It’s cheaper to be a parasite than a host. And so most of the financial strategy of Wall Street involves how to get something for nothing. How can we get a free lunch? Well, to do that as a major policy, we have to begin by telling people what Milton Friedman said: There is no such thing as a free lunch. But the whole of Wall Street is looking for a free lunch. They’re looking to grab Chinese assets on the cheap, like Soros has grabbed post-Soviet assets. They’re looking for monopoly rights. They’re looking for lending money and letting China do the work, to pay the interest to the Americans that are going to be providing it with money that the Federal Reserve ends up creating on its computers, or that George Soros already has saved largely by how he got the free lunch from the Bank of England betting against that and driving Sterling down.

Ross Some people call it the free world. Others call it a democracy. Others, for America, call it an advanced oligarchy. Do you think that the Chinese have looked at America and the wider West, understood that privatising all that rent has ultimately led to societal decline?

ORDER IT NOW

Michael Hudson They’re beginning to look at it that way. Most Chinese Marxists focused on Volume 1 of Capital, which is about employers hiring workers and putting them to work and making a profit off the mark-up. Only in the last couple of years have Volumes 2 and Volume 3 of Capital moved into central discussion in China. And it’s Volumes 2 and 3 that talk about economic rent. And so China has come to realise tha the United States is not an industrial economy. We’re not going to understand what’s happening in the United States, in England or Europe by looking only at what Marx wrote in Volume 1 of Capital, because they’re not making money industrially anymore. They’re making money by being a rentier economy, by landlordism, by monopolies and by bank credit, which Marx discussed in Volume 2 and 3.

So they’re now broadening the discussion. For the first time, you’re having, especially in the last month, China asking, “Do we want to let Chinese investors make money, financially, by buying housing, becoming absentee landlords and hoping that there is going to be a housing price inflation like you have in the United States? Or, do we want to keep housing low priced and not to bid it up by credit creation and finance?” They’re now realising that to keep China’s cost of living low, you have to keep the price of housing low. That means that you don’t want housing to become a commodity, an investment vehicle for absentee owners and landlords to make money. You want housing to be for Chinese people to live in. That means low-priced housing, not debt-leveraged housing as they’re seeing in the United States.

Ross I know somebody who works on the life boat on the Thames and they get a view each night that no one else would ever get. And they go up and down the Thames and they see all these high rises, which are oversupply of property, real estate. And there isn’t one light on in any of them. The reason, foreign investors, predominately the Chinese, have come bought them, clingfilmed the whole place, locked the door and then they chip off back to China – sit and wait, basically allow that land value to go up and cash out 10 years later. You can see what that does to local communities, schools, shops, infrastructure, services and all the rest of it – this absenteeism. Do you think that those foreign investors, the leadership in Beijing, has seen this model around the world and thought, yep, fine, we can do it over there, and yet we need to repatriate some money because of some of the liquidity issues that we’ve got over here. But we’re not having that as a central business model or a central economic model to our economies? Do you think that that light has gone on?

Michael Hudson Well, they’ve been discussing this regarding Hong Kong for the last 10 years. Hong Kong is the typical example of multi, multi-billionaires in real estate. They think that a socialist economy is not one that gets rich by creating absentee landlords. There’s been a large outflow of Chinese investment to the West. You have it in New York City on the west side, all very dark apartments with no lights on at night because they’re absentee-owned. Thorstein Veblen in 1923 wrote a book, Absentee Ownership, saying that housing should really be for living, not a speculative vehicle. But in America, real estate is all about civic development. It’s about how to increase real estate prices and create a bubble for speculators to find someone to flip the property to. I’m not sure it’s going to happen much longer and in London now that Brexit has occurred. But I think that what China is trying to do is asking how to create a domestic economy where Chinese people make money productively. They can not only afford a house of their own, but if they invest, they can invest in making China richer, not in buying income-yielding, rent-yielding, assets in America, England or Europe.

Ross Do you think that the pictures that we’ve recently seen on social media of the huge tower blocks that haven’t been finished, residential, that haven’t been finished for eight years and now they’ve just put semtex under them and raised the whole thing to the ground? Do you think that’s a real world example of the scar tissue, if you like, that private debt creates and in another sense, a Minsky moment? Blowing all these things up means that you get rid of all of that oversupply, which means that that inventory isn’t in the market and isn’t their to be flipped and speculated on.

Michael Hudson These are buildings where they wanted to pre-plan for what they thought was going to be a rural exodus, but the rural exodus didn’t occur into these cities. Right now, China is focusing, I think for the first time in quite a few years, much more on rural development. China is primarily a still a rural economy, a village economy. Most people don’t realise that. When you think of China, you think of Shanghai and Shenzhen and Beijing and even Wuhan. But the fact is that much of China’s rural and there can’t really be a rural exodus to the cities because you have a kind of passport plan in China. In order to live in Beijing, you have to have a permit to live in Beijing so the city won’t become even more overcrowded than it is now. They’re having to re-focus development much more on the rural areas that have not kept pace with the heavy industrial factory areas that have occurred. So they wanted to do a lot of building, not only to employ labour and to do construction, but to think just in case they needed this housing for the rural exodus, they needed it in place. Now they realise, OK, we’re not following that particular central planning idea. Central planning really is very hard. It’s very hard to build whole small cities in advance with nobody there. It’s much easier to wait until they’re actually economic forces leading you to develop. So in that sense, China’s becoming more market oriented in its planning. But at the same time, it shapes the market, increasingly, to create domestic prosperity and earning opportunities, not unearned rent-extracting opportunities, but productive earning opportunities. This is an ongoing process of re-evaluating, restructuring, fixing up and improving the economy.

Ross Michael Hudson, welcome back. Great to have you for the second half.

Michael Hudson Thanks.

ORDER IT NOW

Ross Michael, we said right at the top of this programme that there is, let’s say, a tug of war between the unipolar and the multipolar. China have looked at the West and they must conclude now, the Russians also, must conclude, that the Western economic model is fatally flawed. In many ways, what you’ve got in America is an advanced oligarchy. Across Europe, you’ve got a zombie banking system. And basically the model for the last certainly 30, 40 years has been to extract as much rent as possible and pass it off as an economic miracle. To avoid all that, this fork in the road has crystallised. What do you think will be the decisions coming out of Beijing when they look at the economy in a more holistic way and they realise that they want to better the lot of the average Chinese citizen?

Michael Hudson Well, as I pointed out, their concept of the economy realises the distinction between earned income and unearned income, between rent and profits. It wants to make profits, not economic rents. And it also sees that the United States is trying to prevent it from going along this socialist road, and that’s really the new Cold War. You mentioned unipolar versus multipolar. It’s actually not so much that China, Russia and the Shanghai Cooperation Organisation, along with Kazakhstan and Iran and now the other groups are pulling away. It’s the United States that’s trying to force them to follow the US neoliberal model by imposing sanctions and special penalties and military threats, not to mention ISIS terrorism. The United States is driving Europe, Asia and now Africa as well, into a unified, consolidated unit outside of itself. It’s very self-destructive. It thinks like George Soros, that if we stop investing in Asia and other countries, that will force them to knuckle under to the US. But what it’s doing is it’s driving them altogether into the Belt and Road Initiative.

What China’s doing is creating a precondition for a profitable industrial economy over a large area to benefit from. It’s participants are going to need transportation. You’re going to need ports. You’re going to need roads. You’re going to need pipelines and is focusing on the interconnections, on the infrastructure.

America doesn’t build infrastructure these days unless it’s monopolised. This is the political fight going on in the United States now. President Biden has a infrastructure plan that he’s scaled down from six and a half trillion to three and a half trillion. And essentially the bulk of the Democratic and Republican Party said if we can’t privatise infrastructure and make it a rent-extracting monopoly, we’re not going to do it, and we’re going to block the government from doing it. So in the United States, they’re going to have high priced infrastructure, high-priced health care and high-priced education while China is going to have low-priced transportation, low-cost infrastructure, free education, public health care. And you’re going to have a very high-cost United States unable to compete with the rest of the world. All it can do is make military threats or financial threats. If it tries to impose sanctions as it’s imposed on Russia, China and other countries, these are going to serve as protective tariffs for foreign countries.

When President Trump put sanctions on agricultural exports to Russia, it was a windfall for Russia. They developed their own agriculture and Russia is now the largest grain exporter in the world. Senator McCain characterised Russia as a gas station of atom bombs, but it’s a gas station with the largest farm sector in the world, and is developing an industrial integration with China and the rest of Asia. It’s a Eurasian world island as Mackinder called it a century ago, and it is becoming the economic focus of the world, leaving the United States as the high cost economy with no visible means of support, because we’re not doing our own industry anymore. We’re not competing with China. We’re letting China do all of the industry, and all of a sudden we’re dependent on it. This does not bode good for prosperity in the United States or Europe and other areas that are satellites of the US economy.

Ross What is the probability of the West going, hang on, we have taken a detour here, we need to do something differently?

Michael Hudson I’d say maybe between one and two percent. In order to understand that you’re taking a wrong detour, you have to understand what the right path is, and why China’s doing it right. They can’t acknowledge that, because that’s called socialism. And when everyone points out that instead of having health care absorbing 18 percent of the American GDP, you could provide public health care and lower the cost of living in the United States. That’s a precondition for making labour more competitive. Well, the employers are going to argue that if you make health care public, then you’re going to lose the ability to lock-in labour to its employers. Right now in the United States, especially during the pandemic, if you work for an employer for a living, you’re afraid of being fired because you lose your health insurance and that is a threat of bankruptcy. If you complain about your job, you might be fired. That’s a danger. So having private health care paid for by the employers locks labour into dependency. They’re afraid to ask for higher wages. They’re afraid to ask for pensions. Privatized employer-based health care has become part of the class war here, and it is succeeding in impoverishing labour. Same thing with privatized education costs financed on credit at fairly high interest rates, without any bankruptcy recourse to wipe them out..

President Biden promised that he was going to wipe out student debt. If you have students paying 40 to 50 thousand dollars a year to have a college education and a college diploma is a precondition for getting a job like a union card used to be, then you’re going to have that added to the cost of living. When you have all of these privatised – education, health care, not to mention housing and other factors – when you have all these rent-extracting exploitative sectors you cannot be a competitive economy. You can only get money by conquering and exploiting other countries, by owning their own rent-extracting sectors and monopoly-profit sectors.

ORDER IT NOW

But there’s no one to conquer anymore. America couldn’t even conquer Afghanistan. Every economy for the last 5,000 years has two parts. There’s the real economy of producing and consuming and paying taxes and government services. And then there’s the debt and financial overhead. All economies operate on credit. The problem is that credit cost money, and creditor claims accumulate at compound interest. if you look at the compound interest for anybody’s savings – take the wealth of the One Percent and all the trillions of dollars they have – if you leave your money to accumulate compound interest, it grows exponentially. But economies don’t grow exponentially. They grow in an S-curve, and sometimes there’s an interruption. Sometimes there’s a disease like Covid. Sometimes there’s bad weather and a environmental disaster or there’s a war. And once there’s an interruption, what do you do with the fact that the finance sector grows faster?

Well, this goes way back to Babylonia. It occurred in Greece and Rome. Ultimately the tendency is for the financial sector to take over and to use the financial returns to take over real estate. And so there’s a symbiosis between real estate and finance. That’s occurred in every economy for the last 2,000 years since Greece and Rome. It certainly characterises where most money and most wealth is made today. In the universities, you take a course and they say, well, you accumulate wealth by saving up the wages and saving up the profits you made. But that’s not how the wealthy classes got money. That’s not how the One Percent have made money. They have made money either by taking property from the public domain by privatisation, or it’s made today by the central banks, lowering interest rates, flooding the market with credit, enough credit to push up real estate prices 20 percent in the United States in the last year. Housing prices have gone way up to unaffordable levels, pushing up education prices – and education is priced at whatever a bank or the government will lend you to pay with a student loan. It’s all financialization. It turns out that what people thought was industrial capitalism has turned out to be finance capitalism instead. So what China is doing is saying that it’s not going to let our industrial capitalism evolve into finance capitalism. It’s going to evolve into socialism, because they’re a socialist government.

Ross Just say the Chinese, the penny’s dropped and they’ve understood how badly wrong the West got it. What does the Chinese economy, and as importantly, society look like 10, 20 years from today?

Michael Hudson It’ll be a more balanced, less polarised economy. It will still let people make fortunes, but not gigantic fortunes large enough for an independent oligarchy to develop, to become a rival to government and try to replace government. In the West, you’ve had a financial oligarchy evolve and take over planning from elected government. So we don’t have democracy now. It means a free market where you leave everything to Wall Street as your central planner. So China is going to leave its planning spontaneously to individuals to innovate, to develop, where America is becoming, and England, are centrally planned economies planned by Wall Street, not to create prosperity, but to create rent-extracting opportunities for Wall Street stocks and bonds and absentee real estate. So you’re going to have a rentier economy – let’s call it neofeudalism – while the rest of the world goes forward into what industrial capitalism was meant to be a century ago before it was sidetracked in the West. Much of Eurasia and the Shanghai Cooperation Organisation will evolve into socialism, as most expected would happen in the West a century ago.

Ross You talk about Super Decadence. Is the irony lost on you that one of your politicians recently attended a 35,000 dollar gala event dressed in an expensive dress with the words ‘tax the rich’ embroidered all over the back of it?

Michael Hudson That perception of inequality has become so popular that you can almost make fun of it. There’s something called neurolinguistic programming, that says that if you have a problem, a headache or something, if you can imagine your headache or your problem being very far away and then expanding and expanding and finally, poof, it all dissolves and goes away. They think that they can say “Tax the rich” and just make it into a phrase that’s so popular, it doesn’t really mean tax the rich any more. It means that you accept inequality, but realize that it’s just become part of the system – and wouldn’t it be nice if there were a parallel universe in which we could indeed tax the rich. But of course, that’s just a nice fantasy.

Ross Michael, always entertaining. Always a pleasure. Thank you so much for your time.

Michael Hudson It’s wonderful to be here, Ross. Thanks for having me on your show.

POSTSCRIPT:

Right after this interview, China did on its own just what George Soros was asking U.S. money managers to do: Stop lending money to China. So China itself made an about-face and turned down the BlackRock’s plans to buy a large Chinese real estate company, and it did not pay foreign holders of its Evergrande bonds on September 23.

Diplomatically, China had expected Wall Street firms to lobby to stop America’s anti-China policy. And indeed, many Wall Street executives did point out to the U.S. government that China offered many opportunities for America to make money, and urged not to treat it as an enemy. But the military-industrial complex (MIC) has its own agenda, along with the neocon and neoliberal advocates of unique U.S. unilateralism. I think that ever since China’s officials met in Alaska with Mr. Blinken earlier this year, they see the handwriting on the wall, as have Russia and other SCO members. The’ve accepted that the world economy is fracturing between the U.S.-centered “free world” (central planning by Wall Street and unilateral diplomacy from Washington) and the multilateralizing rest of the world.

MH

(Republished from Renegate Inc. by permission of author or representative)
 
The China/America Series
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  1. anonymous[244] • Disclaimer says:

    Thanks for a simple exposition of an old idea this parasite state hid from us. Pity the frustration of Umair Haque trying to get this through thick American skulls.

    https://eand.co/do-americans-know-what-a-massive-ripoff-american-life-really-is-8804aa6b65fa

    But now there’s an alternative a plane flight away. If the Chinese invaded and took over we’d throw flowers and sweets. That means the right to solidarity is gaining in importance.

    https://www.ohchr.org/en/issues/solidarity/pages/iesolidarityindex.aspx

    The outside world is developing it, knowing exactly what they’re doing. When you’re going over the head of your parasite state to the world, prosperous Chinese can help you out. The Chinese aren’t our enemy, they’re fighting off the same kleptocracy that we are. They’ve got nukes and twice the troops, which helps just now.

  2. peterAUS says:

    Not a word about CBDC and related…..”package”. The later in particular.

    I know it’s too complicated and esoteric for most authors and especially commenters here, but was expecting at least SOMETHING from the “long-term economic trender”.

    Maybe next time. You have to do it slowly, so frogs don’t get uncomfortable.

    • Replies: @annamaria
    , @TimothyMadden
  3. g8way says:

    How long are we going to pretend there’s a desire for a continued “unipolar” capitalist or “neoliberal” West when the allegedly neoliberal capitalist oligarchs who have total control over the Western financial system, education system, corporate media, and governments have spent more than 50 years openly and aggressively demolishing every aspect of the West? The only reason there is still a ghostly specter of the West remaining is because the USD is still the reserve currency, and these allegedly neoliberal capitalist oligarchs are putting that last nail in the coffin of the “unipolar” West right now.

    • Replies: @mulga mumblebrain
  4. Yee says:

    “It means a free market where you leave everything to Wall Street as your central planner.
    ……
    America is becoming, and England, are centrally planned economies planned by Wall Street, not to create prosperity, but to create rent-extracting opportunities for Wall Street stocks and bonds and absentee real estate”

    This explain the “free market” clearly… When it is “free”, then individuals with most resources will control it.

    Just like if you have a “free” neighbourhood without police, then the gang with the biggest gun rules it.

  5. Bubba says:

    President Biden has a infrastructure plan that he’s scaled down from six and a half trillion to three and a half trillion.

    LOL! My apologies for the sarcasm, but this “infrastructure plan” (remember “shovel-ready jobs” Obammy bragged about) is just a multi-billion dollar payoff to unions, inner city mayors, open-border NGO’s and their insane ilk. There will be no infrastructure other than some highly publicized, (good for TV) potholes repaired in large cities.

    And these evil, lizard-like creatures won’t dare let down our President Alzheimer. After all, it’s obvious these Bolshevik bootlickers went beyond the call to over-stuff the ballot boxes for Braindead Biden exclusively within black and minority voting districts in swing states last year. And it will happen again 3 years from now.

    • Replies: @Showmethereal
  6. “So China is going to leave its planning spontaneously to individuals to innovate, to develop, where America is becoming, and England, are centrally planned economies planned by Wall Street, not to create prosperity, but to create rent-extracting opportunities for Wall Street stocks and bonds and absentee real estate.”

    I like that. China is the free market. US is centrally planned. Only by Wall Street, those excellent knowledgeable nuts and bolts brass tacks bottom line geniuses.

    • Agree: Sarah
  7. Franz says:
    @anonymous

    The Chinese aren’t our enemy, they’re fighting off the same kleptocracy that we are.

    Yes. China has one HUGE advantage right now — hasten the expansion of their consumer market — that would put western plutocrats over a barrel.

    The “cheap workforce” that idiot bankers saw is the way out of the debt trap. The average Chinese are now the key to the economic boom of the near future. How did “our” bankers forget that Britons and Americans, etc, were the “cheap” labor of their respective eras — and created years of sane living and tons of opportunity till the bankers went nuts.

    Our plutocrats forgot that you don’t pile money up to buy up empty houses and buildings — you use the money to tap into the genius of your people. By making them high-paid workers and turn their ideas into the future.

    Sad only one nation remembers.

    • Agree: Mustapha Mond
  8. nsa says:

    Plesident Xi velly velly smalt not let heblew palasites into middle kingdom steal evelything and blag about it. Xi not allow pelvelted gay plide palade not fly stupid lainbow fluit flag. Xi want chinee get velly velly lich and have white houseboy clean toilet. Chinee not bend over bitch boy for jew palasite like Amelika.

    • LOL: RoatanBill
    • Troll: IronForge
  9. Anon[391] • Disclaimer says:

    Well, George Soros’ dream is that China would do what Yeltsin did to Russia – that it would privatise the economy, really carve it up and let US investors buy control of the most profitable heights. In that way, the foreign investors would be able to sort of get the profits of Chinese industry, Chinese labour, and it would become the darling stock market of the world, just like Russia’s stock market was the leading booming stock market of 1994-96. China would be run to benefit US investment bankers.

    Surely there is a sateless appetite for money. But what’s still more sought after is the political and cultural control. Controlling the markets is the backdoor to controlling the entire countries, their governments.

    I can see these people, a little after being welcomed if they were welcomed, offering the Chinese to run, for China’s benefit of course (as they do it in the USA for the USA’s benefit…), a Chinese FED.

    • Agree: Miro23
  10. Anon[130] • Disclaimer says:

    China’s falling apart. First Evergrande, now they can’t even keep their power grid funning. Soviet Union 1991 moment incoming.

    Can’t wait to see the look on Hudson’s face when the real cookie crumbles.

    • Disagree: RadicalCenter
    • Replies: @mulga mumblebrain
    , @Neuday
  11. Ktulu says:

    All good, plain language on the current state of affairs for the uninitiated, but what really ought to be the greatest concern going into the future of the U.S. vs. China “Cold War” is that this “Cold War” is not the same as the previous in many ways. In short, and believe me I have shortened this from an original essay length comment, China is run by relatively mature, intelligent, well adjusted people. America on the other hand is run by childish, stupid, arrogant and freakishly inhuman psychos about to lose global control to somebody else.

    Has anyone really considered that perhaps we are far closer to global nuclear war than ever during the Cold War? I do. Would Joe Biden even know what he was doing if he was asked to launch an nuclear attack? Would anyone even pretend to ask him? Take a look at Mark Zuckerberg or Jeff Bezos. Do we actually think these antisocial freaks would care about the effects of burning the world in a planet engulfing temper tantrum? They would more likely jerk themselves off over it imagining themselves to be like the biblical god burning the world for daring to disagree with them.

    • Agree: annamaria, acementhead
    • Replies: @Realist
    , @Andreas
    , @Miro23
  12. reading says:

    Other schools of thought exist in reality are missionaries

    Neo liberals directly regard themselves as God himself… Guide, educate and hold the whole world as God

    I can hardly imagine why the western world with such a strong religious atmosphere is so powerless to these arrogant demons?

    How did this profane school come into being? You want absolute freedom. You can go to the primeval forest alone. You are absolutely free there. You just degenerate into a beast.. is this the mark of the beast in the Bible?

  13. @g8way

    The oligarchs hate China because they are not controlled by the West, the Jewish financial elite in particular. The Western oligarchs intended treating China like Russia under Yeltsin, but Xi et al simply disempowered the Chinese oligarchs like Jack Ma before they could attempt any sort of take-over in China. The West’s last chance was 1989. So now the world’s most powerful country, economically and scientific/technologically, is intent on creating a society of egalitarianism, social welfare and justice and international amity and comity. Humanity may have one last hope.

    • Replies: @Old and Grumpy
  14. @Yee

    ‘Creative destruction’-the creation of vast fortunes for the parasites, achieved through the destruction of the life prospects of billions.

    • Agree: Sarah
  15. annamaria says:
    @peterAUS

    “the phrase “central bank digital currency” (CBDC) has been used to refer to various proposals involving digital currency issued by a central bank. A report by the Bank for International Settlements states that, although the term “central bank digital currency” is not well-defined, “it is envisioned by most to be a new form of central bank money […] that is different from balances in traditional reserve or settlement accounts.”[1] Central bank digital currencies are also called digital fiat currencies[2] or digital base money.[3]”. https://en.wikipedia.org/wiki/Central_bank_digital_currency

  16. DrWatson says:
    @anonymous

    Thanks for the link to this Umair Haque. While the article may have a lot of truth, further inquiry shows that he is a bloody anti-White idiot who yaps endlessly about White privilege like the rest of them.

    • Replies: @anon
  17. What is wrong with Bezos having ten billion instead of hoarding over a hundred billion dollars? Why does the US government need Gates to do charity that it can do as a responsible entity? Those bozos need to be taxed and a third world like conditions need to be alleviated at home. But as long as whores populate the halls of congress, it’ll not be done. Nothing less than the White Christian doing the right thing, i.e. throwing those bums out would be the key to true independence.

    • Agree: RadicalCenter
    • Replies: @anonymous
  18. Schuetze says:

    Comrade Hudson loves China and tells us a never ending stream of lies. In Hudson’s bubble, Communist Chinese don’t speculate on Real Estate, only Capitalists do. LOL. Hudson pretends the Evergrande wasn’t about Chinese speculating on property:

    “They realise that there’s a difference between earning income and creating wealth by employing labour to produce goods, to sell at a profit and then reinvest these profits and more capital formation, in contrast to simply buying a rent-yielding property, buying land and letting it rise in price without the landlord doing anything

    In Hudson’s bubble, the US is the only aggressor country and China just want’s its peaceful OBOR. LOL.

    In Hudson’s bubble the Tibetan’s, Uigur’s, Formosan’s, Manchurians and Mongolians just want to be CCP slaves, just like he thinks all the Han do to.

    In Hudson’s bubble the South China Sea all the way from Singapore to Vietnam to the Phillipines rightfully belongs to the CCP.

    Hudson is an idiot of the most useful kind.

    • Agree: Ed Case
    • Disagree: Badger Down
  19. Andreas says:

    Great article.

    Soros is furious…

    Loosely expressed in mathematical terms, the Western economic model is a function that is very near to its upper limit.

    A limit of which Soros and his cronies are acutely aware.

    And the only way to increase this limit is to drag others into their casino by either swindling or coercing them into playing the same loosing game where only they can win, hence the “endless wars” and overt zeal to pull China, Russia, etc. to the table.

    It only remains to be seen what catalyst will blow away the smoke and mirrors and what form the inevitable, devastating collapse will take.

    • Agree: PJ London
  20. antibeast says:
    @Yee

    This explain the “free market” clearly… When it is “free”, then individuals with most resources will control it.

    That’s exactly what happened in China’s Internet/E-commerce/social-media industry as the tech companies with the most capital outspent their competitors to control the market. Take Didi, for example, which raised and then spent billions to acquire customers by subsidizing shared-rides. Or, take Tencent which used its dominant WeChat platform to acquire customers for its online Music, Video, Gaming, Animation and Payment services by blocking competing services. Or, take Alibaba, which used its dominant Taobao platform to force exclusive agreements on its online sellers.

    ‘Free markets’ do not imply ‘fair markets’ as the dominant players use their market position to suppress competition which contradicts the ‘free market is good for competition’ mantra, as repeatedly endlessly by neoliberal capitalists. To ensure that markets are fair, the State has to ensure that dominant players do not engage in anti-competitive business practices, which is all too common in ‘free markets’.

    • Agree: Mefobills
  21. instead of having health care absorbing 18 percent of the American GDP, you could provide public health care and lower the cost of living in the United States.

    We have public health care up here in Canuckistan. It didn’t stop the system from being captured by big pharma. The politicians and medical agencies have clamped down hard on any doctor who would be tempted to prescribe HCQ or Ivermectin for the virus or who might warn about getting the untested jabs. Similarly we have marched in vaccine apartheid with hardly a whimper from the populace.

    Frankly I mostly get nothing but blank stares when I mention Ivermectin to my friends or acquaintances. They’re probably thinking, why would I spend any effort on remembering the name of a lousy horse dewormer. They are totally under the heel of a captured media.

    At least in the US you have a hope of resisting the decline into totalitarian control.

    The real issue is not capitalism vs socialism but corruption.

    • Agree: Truth Vigilante
    • Replies: @Realist
    , @Maddaugh
  22. Smith says:

    Go China! Go Xi Jinping.

    Crush the capitalist companies!

  23. Realist says:

    China Vs the United States is a case of Meritocracy Vs Idiocracy.

    • Agree: SafeNow
    • Replies: @annamaria
  24. Realist says:
    @Peripatetic Itch

    At least in the US you have a hope of resisting the decline into totalitarian control.

    No, you don’t…too late.

    • Agree: Fred777
    • Disagree: RadicalCenter
  25. 9593 says:

    Maybe China remembers the Sassoon Opium Wars:

    https://nwobroadcastcorp.wordpress.com/2020/04/25/the-magnificent-sassoons-and-their-opium-wars/

    Recall that the Korean courts rejected Paul Singers demand to block a shareholders’ vote on a Samsung merger in 2015. There are rather few Jews in Japan, not citizens, according to Wikipedia.

    A paucity of resident Jews may be advantageous for China. Some Jews sheltered in Shanghai during World War II, but there may have been a language barrier to discourage settlement.

    But there was a crackdown in 2016 on the kaifeng Jews, descendants of 10th Century merchants from Europe:

    https://forward.com/news/349913/who-are-the-kaifeng-jews-and-why-is-china-cracking-down-on-them/

    Surely, China remembers the Opium Wars.

    • Replies: @Old Brown Fool
  26. Realist says:
    @Ktulu

    In short, and believe me I have shortened this from an original essay length comment, China is run by relatively mature, intelligent, well adjusted people. America on the other hand is run by childish, stupid, arrogant and freakishly inhuman psychos about to lose global control to somebody else.

    Excellent

    • Replies: @JimmyCrackCorn
  27. Tjoe says:

    There is no “capital formation” for real entrepreneurs in the USA. Just try it. Build a better wigit and see if you can get money. Forget it….unless you suck a bankers wong and promise the moon.

    Here is my background. Engineering in industry, electrical eng at college level, business management degree, post grad entrepreneurship, working with Corp for Science and Technology, partner with company to make the product…..completed and debugged. Four years of investment and nothing…..equity or seed \$. entirely unavailable. LIARS

    Show me a country where bankers are actually funding entrepreneurs to build tomorrow’s business and employers….NOT….it doesn’t happen. Capital formation is a game of tag and YOU will never win.

    • Thanks: Ann Nonny Mouse
    • Replies: @PJ London
  28. Andreas says:
    @Ktulu

    America on the other hand is run by childish, stupid, arrogant and freakishly inhuman psychos about to lose global control to somebody else.

    Yes. It is a dark parody of the ‘Revenge of the Nerds’ on steroids.

    They are the mass school shooters in high places.

    Has anyone really considered that perhaps we are far closer to global nuclear war than ever during the Cold War?

    Agree. When control starts to slip from the hands of clinical sociopaths most anything can happen.

  29. Maddaugh says:
    @Schuetze

    I agree with you but I would like to add that Hudson’s article is like walking in the bush without a compass. It goes round and round and is quite convoluted. He goes on about some boatman travelling the Thames looking at dark buildings. So what ? Its the old saw. When the donkey cart driver and his helper start waxing about investments you know you are in horseshit country. Same with Hudson and his canoeist.

    There are a lot of buildings and cities in China that are dark and crumbling, and in other countries as well. The Chinese own them all ?

    I am not particularly worried about China. I remember back in the day when it was Japan this, Japan that, Kaizen, and every swinging dick was headed to Japan to study their manufacturing genius. These days Japan has returned to its status as just another island floating in the Pacific etc.

    China will meet the same fate. All this talk about taking over the world is sheer rubbish. The Chinese know this and if they are smart will not ruin themselves by becoming the universal policeman.

    The fact is China cannot survive without the west buying its cheap goods. Where else in the world can they sell a 5 cent screw driver for \$1.00 ? Vietnam ? Thailand ?

    Soros and his crew of money gluttons should be kept out of China but if my rudimentary knowledge of the Jews is worth a spit they will find a way to get their tentacles in and ruin the place.

    That is their modus operandi. They are locusts and China will be just another carcass for them to devour. In any case they can have each other. They, the Jews and East Indians are perpetual money hounds and they deserve each other and the accompanying consequences.

  30. anon[388] • Disclaimer says:
    @DrWatson

    what is this…attempt at distraction?

    white people have done massive racist damage in and to the world. the reaction from the victims could and can be and is the range of the inherent possibilities. what the hell are you making noise about!? you did it! it is all natural and perfectly explicable response

    the fact is what Haque explains is 100% helpful, useful! and if it underpins, helps stimulate the changes that must come to win for the people a chance then that erodes racism and and its long term products at the same time, makes for all round better life.

    quiet on Haque’s supposed reactionary racism! that is what it is reactionary if it is real. Correct America and lets see what positives roll out in the process

    • Replies: @Sam J.
  31. “One of those investors is a bullish gentleman called George Soros.”

    If George Soros is a gentleman, Pol Pot was a great humanitarian.

    • Agree: Corrupt
  32. Maddaugh says:
    @Peripatetic Itch

    I see on Yahoo this morning the Canadian Medical Association kicked out some Doctor for “spreading false information”. What with the powers that be changing their opinions every day since March 2020, it looks to me like the false info comes from the Government and their toadies under the auspices of Pharma.

    One friend told me the Mother or Mother in Law ?? of Ford (the PM of Ontario) died from Covid !! She was already 88. Covid my ass ! There is also this obsession with infections. However it looks like some people have Covid and do not even know, others get a mild bout and the severe cases recover in 10-14 days. They should focus on the death rate 0.05% or so but doing so would implode the whole Covid bullshit propaganda.

    As you implied the solution is simple. Unless the public stands up en masse,, the politicians will just continue doing as they please. You are quite right when you state it is bald faced corruption.

    What a lot of these people do not realize is that one day they will be out of power and the laws they pimp now will come back to bite them.

  33. @mulga mumblebrain

    They don’t hate China, the oligarchs helped build this current incarnation of China. The problem is the one tribe in particular of oligarchs don’t look Chinese. They can’t move in and takeover seamlessly. Instead they are perceived in China as not Chinese. That limits the oligarchs power plays tremendously.

    • Thanks: annamaria
  34. IronForge says:

    To re-illustrate a famous comment,

    The Anglo-American-ZioMasons Outsourced the Bulk of their Non-MIC Industrial Base, that CHN have made and sold Muricans the Noose-tied Rope to Hang themselves with – On Credit Loaned by Murican Rentier-Bankers…

    ***

    At this Rate, the ZioMasons are going to have to Plunder+Conquer_Abroad-then-UBI just to keep the Murican Masses from Revolting. Thanks to OpenBorders, Conquering the Rest of the Americas as New Murican States looks possible.

    Will there be another “FDR” for Murica?

    I hope so, because Plunder Extraction+Consumption can only go so far

  35. Andreas says:
    @Schuetze

    Hudson is an idiot of the most useful kind.

    lol – Whose interests do your gefiltefish serve?

    Do expound on the virtues of what the “free market” has become in the West. Perhaps then we’ll all rally around its appeal.

  36. Miro23 says:
    @Ktulu

    Has anyone really considered that perhaps we are far closer to global nuclear war than ever during the Cold War?

    That seems right. In the 60’s people lived in fear of nuclear war, whereas now it’s not an issue – although the real odds look quite a lot worse.

    The US is run by a Jewish/ globalist elite continuing the long US tradition of False Flags and invading countries that refuse US hegemony. The difference now, is that that hegemony is threatened by China – who still (for a few years) will not be able to match US nuclear weaponry = a psychopaths window of opportunity.

  37. Agent76 says:

    Mar 10, 2021 Economic Rulemaking in the Asia-Pacific Region by The Center for Strategic & International Studies

    Please join us virtually for the annual CSIS-JETRO conference on Asia-Pacific economic integration and U.S.-Japan relations. Participants will explore a range of issues including trade, the impact of U.S.-China competition on supply chains, and the prospects for U.S.-Japan joint leadership on economic rulemaking in the region.

    Aug 26, 2015 How the West Re-colonized China

    The “Chinese dragon” of the last two decades may be faltering but it is still hailed by many as an economic miracle. Far from a great advance for Chinese workers, however, it is the direct result of a consolidation of power in the hands of a small clique of powerful families, families that have actively collaborated with Western financial oligarchs.

    • Replies: @antibeast
    , @Talisker
  38. @peterAUS

    peterAUS, for the vast majority of people on Earth, the single most important determinant-in-fact of their quality-of-life is money.

    Yet paradoxically, and near inconceivably, most people do not know the first and most important thing about money, and that is that there is no money.

    Everything that people are habituated to think of as money [including CBDC] is in fact a derivative-of-money. There are promises-to-pay money, there are orders-to-pay money, there are various kinds of evidence (exchangeable-evidence-of-debt) that one party owes money to another party, and all of the accounts are denominated in money. But there is no money.

    Just as we could have a fully functional otherwise duplicate of the existing system but denominated in unicorn-horns instead of dollars, euros, yen, rubles and yuan. There are no unicorn-horns in fact, but that does not matter because there doesn’t have to be.

    ___

    At this point the reader has to make a decision. Either the above idea and concept that there is no money but only derivatives of the notional-concept of money, is substantively true, or it is substantively false.

    If you decide that it is substantively false, then you go back into the money-lending-paradigm-loop for one more turn on the ride that never gets anywhere.

    If you decide that it is substantively true, then you are compelled to revise your whole view of the process to conclude with very near certainty that the business of banking is not money-lending at all but of selling access to a credit-reinsurance service that is in fact a closely-shared-monopoly among the entrenched-money-power worldwide.

    http://werex.org/a-general-theory-of-financial-relativity/

    • Thanks: RichardDuck
    • Replies: @anon
  39. The (((oligarchy))) and the (((One-percent))) in America are the same = Jewish… Why can’t you just say it???????????????

    Blackrock (Larry Fink) and Gorge Soros were playing Good Cop / Bad Cop to the Chinese. The Jews see all that money and (((rent/financialization))) potential China has and they will not stop until they get it.

    China should now throw out all of the Jews that live in China. They have a Jewish population that has been there for over a thousand years and they are traitors and will work with the Jews outside of China to subvert it just like every country in which Jews have ever lived.

    These “Chinese Jews” will be their downfall…

  40. @Realist

    All I can say to your comment is, THANK GOD it can’t happen fast enough.

    • Agree: Realist
    • Replies: @Realist
  41. annamaria says:
    @Realist

    Thank you for bringing the word “meritocracy” into this discussion.
    The US society is marked by the likes of Hunter Biden (a pampered, crack-addicted profiteer and philanderer), David Feith (a zionist and son of “the dumbest fucking guy on the planet”), and Meghan Markle (a vicious opportunist and “humanitarian”). They don’t have intelligent faces but snouts. Each of them demostrates the sorry state of meritocratic traditions in the US.

    • Thanks: Realist
  42. Mr. Hudson who believes as I do that parasitic forms of Capitalism warp our economy doesn’t seem to have a position on parasitic forms of economics as the Chinese practice them. You talk about parasitic!

  43. anon[390] • Disclaimer says:

    I don’t know how true it is to say that America is a rentier economy that produces little but mainly lives off the service and finance industries. In addition to a lot of farm products from grains to fruits, nuts, vegetables, poultry, beef, pork, most if not all the goods manufactured in China — computers, cell phones, electronics, toys, clothes, shoes, cars, medicine, medical equipment, cleaning products, processed food, etc. on behalf of US companies are still designed in the US. Is not design part of the production process? I think it is. Without designs from the US, factories in China wouldn’t know what to make, or at least make products that people want.

    In addition, marketing, sales and distribution/shipping should also be considered part of the production process. US companies market and sell US branded goods around the world. People around the world are familiar with iPhone, iPad, Nike Shoes, Levi’s jeans, Pepsi, Ford/GM/Jeep, Tylenol, Colgate toothpaste, Lysol, Kleenex, Caterpillar tractors, Boeing airplanes etc. They aren’t for the most part familiar with Chinese brands. Chinese factories still need American designs and brand awareness.

    You could say that a lot of tech like Google, Facebook, as well as the service economy from finance to retail live off the buying and selling of manufactured goods. I have read that manufacturing in the US make up 12% of our GDP(compared to China at 27%), while service about 60%. Agriculture and food production (fishing, meat processing etc.) make up about 5% of our economy. But I don’t know to what extent that 12% in manufacturing includes design, marketing and sales, I think most likely they are included in the service sector which is a mis-categorization.

    So, if you include design, marketing, sales and agricultural production, the US still manufactures a great deal of stuff.

    • Replies: @Biff
    , @Showmethereal
  44. anon[390] • Disclaimer says:

    Also, R&D should be considered part of production. US multinationals spend an inordinate amount of money on R&D, especially in tech, machinery, medical equipment and pharmaceuticals. If this is all counted as part of the service sector, it would be a misclassification that further distorts the manufacturing figure.

  45. Schuetze says:
    @Maddaugh

    “Soros and his crew of money gluttons should be kept out of China but if my rudimentary knowledge of the Jews is worth a spit they will find a way to get their tentacles in and ruin the place.”

    That is really the \$64,000 question, what is the true relationship between Jewish Power and the Chinese Communists. Of course Mao never would have succeeded with his stab in the back of Chaing if it weren’t for the Judeo-Communists controlling the US and UK throughout the war and afterwards. The USSR would have folded like a house of cheap cards too. So the entire post war order, from the genocide of Germany and the communist takeovers of Eastern Europe to the communist takeover of China, Manchuria and Korea was all clearly part of the same Talmudic plan.

    Fast forward 70 years, and the Jewish Communists running the USSR miraculously transformed themselves into the Jewish Oligarchs running Putin and Russia. Mao, the Yali, and Jew Stooge, died and power passed to the cabal of Judeo Communists in the CCP that are still calling the shots in China today.

    So when the Jew Flu breaks out of the Wuhan laboratory, and Chinese crisis actors stage “Cytokine” storms, Apt. building doors being welded shut, and all kinds of other distractions, we have to ask ourselves why didn’t the CCP just counter attack against the west with a different kind of Bioweapon, or Nuke, or something else if this was an attack against China? The same question would apply to the US in the case of this plandemic being a bioweapon deployed by China against the US. Both countries must know whether it was they themselves who deployed the weapon.

    The answer is that China operates on the stage in front of the curtain of Judaic Power just like Russia and the West do. When we look at how Israel is up to their necks in OBOR, and how the CCP, defender of the proletariat and all oppressed workers, stays out of Israel’s ongoing genocide of the Palestinians and Israel’s wanton bombing of all its Arab neighbors, most of whom are also clients of the CCP, the magnitude of the big Talmudic stage show starts to become clear.

    Recently I read that in Japan they had discovered 4 different versions of the Pfizer mRNA “vaccine”. Sputnik, developed by a “Russian” Jew, is an adenovirus vector vaccine, and so relies on spoofing the body into spiked protein production just like mRNA. Supposedly the CCP only uses the classical type of vaccines, but they were developed far to quickly for them to have come from standard laboratory practices. Something like 90% of Israeli’s have been vaccinated and millions more “boosted” with some type of Pfizer vaccine, but who knows what version.

    What I am getting at here is that all these countries, Israel, China and Russia, are participating in the plandemic stage show in one fashion or another. If any of them were truly independent of Jewish Power in the same way the Third Reich was, the planet would be in a hot war. Since the planet is clearly in a cold war between the Judeo-globalist oligarchs and the rest of humanity, any “country” that sides with humanity would instantly be a target the US, UK, EU, Russia and China. There are simply no elites running any country that are willing to run this juggernaught. It is truly humanity against Jewish Power and their puppets. China, the CCP, and Putin’s Russia are merely different puppets dancing in different acts and different scenes on the same Talmudic stage.

    • Agree: Ed Case, W
  46. Yee says:

    Miro23,

    “The difference now, is that that hegemony is threatened by China – who still (for a few years) will not be able to match US nuclear weaponry = a psychopaths window of opportunity.”

    I don’t think so. If there were a nuclear war between China and USA, Russia would make sure both countries be destroyed…

    They would be foolish not to seize the opportunity to become the superpower again, this time the sole one.

    • Replies: @The_MasterWang
  47. Someone already write an article about the Mormon Church causing the Havana Syndrome cases. Stage the site in preparation if you have to. Apparently some Mormon girl wrote that “Jews have microchips” article. I’m dead serious – Bart Simpson meme.

  48. kemerd says:
    @Schuetze

    I am quite sure that you are the stupid one, what you wrote just proves that you did not at all understand what he was talking about or the points he was making

    • LOL: Schuetze
  49. anon[394] • Disclaimer says:

    Reminds me of all the praise liberal economists heaped on whatever Castro did the first few years after he revolution. As for evil landlords whose property value and rents rises and rises due to inflation and more tenants than available units. isn’t that what UNZ Review has been preaching all these years? Unlimited Hispanic Asian and Indian immigration ? Don’t send your kids to college, buy them a nasty apartment house in some immigrant destroyed city and collect the rents and watch it rise and rise in value.

    About China and Jews, Richard Blum and other Jewish investors were already buying factories in China as early as the mid 1960s. And back in the day, It was David Rockefeller who led the charge to open to China as he called it.

  50. antibeast says:
    @Agent76

    This video ‘How the West re-colonized China” is a textbook example of Western Orientalism which depicts China as an OBJECT of Western Colonialist fantasy rather than as a SUBJECT of Asian State power. Just to mention several glaring omissions in this patronizing video such as: 1). US sanctions on China after Tiananmen, 2). 2008 GFC, and 3). Xi’s rise to power and his purge of the Dengist Kleptocracy mentioned in the video. Notice also that the video conflates the State ownership of Chinese companies aka ‘Chinese Socialism’ as equivalent to Western Capitalism, imputing the management of these State-owned Enterprises (SOEs) by CCP elites as equivalent to private ownership of Capitalist Enterprises. This video makes it appear as if Western capitalists installed the CCP elites to become managers of those Chinese SOEs.The CCP elites didn’t need the permission of Western capitalists to manage those Chinese SOEs because that was the core economic model of the PRC which is known as ‘Chinese Socialism’.

    If you believe this Western crap, you would think that ALL rich people in China must be CCP elites which is simply not true. Jack Ma and Pony Ma, two of the richest people IN THE WORLD are not CCP elites nor are the hundreds of Chinese billionaires and millions of millionaires who have made their private fortunes as successful entrepreneurs in China. The fact that there are corrupt Chinese officials who have gotten rich during the last four decades of rapid economic growth does not imply that ALL the rich people in China must be CCP officials. The presumption that somehow these Chinese entrepreneurs became wealthy due to their ties to Western multinationals is complete non-sense. In fact, just the opposite is true as the richest Chinese have NO ties to Western multinationals because they founded their own Chinese multinationals. A good example of this phenomenon are the Chinese billionaires who founded ANTA, 361 and Peak, the top three sneaker brands in China, which have succeeded in taking away market share from Western brands such as Nike, Adidas, etc.

    Lastly, China has achieved world-leading positions in tech industries such as space, 4G/5G telecoms, AI, Fintech, robotics, EVs, high-speed rail, etc. These are indigenous Chinese industries which are not ‘industrial colonies’ of the West but rather the product of State-directed industrial policies. Even the sweatshop factories mentioned in this video are not owned by Western multinationals but by Asian companies such as Foxconn which is a Taiwanese contract manufacturer of Apple’s iPhones in China.

    Poorly-written video of how the West was responsible for China’s rise, ignoring the Chinese people themselves who are responsible for China’s success.

    • Replies: @Agent76
  51. Mevashir says:

    Excellent article that explains why China has locked out George Soros. All the stuff that the right wing media here says about Soros is irrelevant. The true problem is that he is a speculative financier just like Trump and that’s why they have to demonize him on issues of immigration which are irrelevant to his true danger. A danger that the right wing itself shares in America.

    I used to think of America as a plantation but this article makes me wonder if we are just a giant overblown casino. The mentality in America is that it’s okay for 1 million people to suffer destitution so long as one person can strike it rich. Of course this mentality keeps the mega-rich in power.

    This is why Americans are infatuated with casinos lotteries and betting on mindless banal sporting events. This is why the tabloids are constantly inundating us with nauseating reports about brainless vapid celebrities and corporate CEOs. Europeans go for hikes and exercise while Americans imbibe other people’s athleticism vicariously through the boob tube.

    I would say broadly speaking socialism is an ideology that says that money should serve people while capitalism says the opposite that people serve the interests of money. More and more it seems to me that America is a gigantic horrific satanic dehumanizing system. We can only pray for its complete and total cultural demise from the face of the earth.

    The church could help to uphold true humanizing values but instead they are co-opted by right wing billionaires to foment issues of racial ethnic and religious strife all the while ignoring the raging economic inequalities that make life virtually worthless to 90% of the population.

  52. Anon[394] • Disclaimer says:
    @Schuetze

    If China is so wonderful, why do working class Chinese borrow 50 K US dollars at 30 percent interest rates, get in a shipping container with a chemical toilet and spend weeks with 100 other debt slaves to get to America so they can work in a nasty sweat shop or restaurant and sleep on the floor till the debt is paid off?

    And why do middle class and wealthy Chinese sacrifice everything to save enough money to buy real estate, in America so they can escape China when the next upheaval comes? And why is every America university overloaded with Chinese students who havc no intention of ever going home?

    Riddle me that Mr Hudson.

    • Replies: @Maddaugh
    , @frankie p
  53. I generally like the points of view of Michael on the economy and his way of pointing out the contrast there is between industrial capitalism and financial capitalism. However I don’t like much his use of the word rentier to characterize financial capitalism. Basically a rentier is someone who trades capital for a cashflow. If that transaction is done at normal interest rates related to the real inflation rate, this is a fair transaction, right?

    I think the current problem is that the rent paid to large financiers is calculated at unfair interest rates. The large financiers get too high a rent in exchange of their cash. Or they have monopolies.

    The reason for the problem, as I see it, is the artificially low interest rate paid on the US dollar by the bankers and the large monopolies that now rule the US based economy (BlackRock for pension funds, Microsoft for operating systems, rich people speculating on housing, etc.).

    My background is in science and engineering, not in economy. I like to keep the words well grounded and I try to stay away from using euphemisms. I feel it very dangerous when I hear the word “clean” in the mouth of a military officer. I understand Michael wants to impact on his audience by using the expression “rentier economy” figuratively in place of “financial capitalism”. But I find the last one less confusing. Maybe there is a difference between both which I don’t see.

    For example. Microsoft has a lot of cash. They could use their cash to start a new business line. That would be “industrial capitalism”. Actually they rather borrow money at low interest rates to buy an existing business and they deduce the interest paid from their income. Then they use their leverage to limit the growth of competitors. And Microsoft didn’t use its cash. That’s “financial capitalism”.

    The idea is that there is more than the rentier component to financial capitalism.

    • Replies: @Mefobills
  54. Agent76 says:
    @antibeast

    Thanks for engagement and commenting. I also take a whole worldview minus all of the noises in the CIA global Mockingbird media. Check this out and you will understand where I am coming from.

    May 26, 2021 Spike in Global Debt During Pandemic Leaves Some Countries on Shaky Ground

    In the year since the COVID-19 pandemic threw the global economy into a tailspin, the level of global debt — money owed by governments, businesses and households — has jumped by 12% to \$289 trillion.

    https://www.voanews.com/economy-business/spike-global-debt-during-pandemic-leaves-some-countries-shaky-ground?amp

    • Replies: @antibeast
  55. Mr. Hudson you’re on fire! You cut straight through the BS like a hot knife through butter. It was a pleasure to read “J” Is for Junk Economics. What you’re describing is more concerning to me than stupid woke politics or even the current pandemic. It seems the slide into neo-feudalism is unavoidable at this point unfortunately. I for one don’t want to live in such a world.

  56. Mefobills says:
    @RichardDuck

    Basically a rentier is someone who trades capital for a cashflow. If that transaction is done at normal interest rates related to the real inflation rate, this is a fair transaction, right?

    Rentier concept is derived from rent-racking. The process by which the landed gentry would jack up rents on their lands, to then suck the increment of production from an industrializing economy. As labor made gains, then apartment/housing rent prices would be increased, so the increment of production was sucked out of labor’s pocket, and transferred to the landed owners.

    This was especially critical in England, where a landed gentry existed as a function of the Norman conquests.

    Rentier is a term that is used when there is some sort of taking of gains, with no counterpart in production. A rentier is a parasite in that they consume the wealth production of the host.

    It’s possible for somebody to invest capital, and earn some cash flow, and not be a rentier. For example, the cash invested in something productive (usually physical economy), where the production yields gains.

    Absentee landlords were used in this article as an example of cash invested into property, then the absentee landlord later cashes out after the property has gone up in price. The very act of buying up property using foreign flows of money, pushes up prices and forces a housing bubble, where the natives have to bid against each other by hypothecating themselves with new property debts.

    The way out of rentier activities in real estate, is to tax away the gains, especially with Georgist style site value taxes. Also, it would take government power to forbid foreign flows into buying up and taking rents.

    But, in a financialized west, there also exists brainwashing (I’m talking to you Lolbertarians and Neo-liberals), where rents and unearned income don’t exist. If there is no words for a concept, then the concept doesn’t exist, or at least it cannot be talked about. By erasing concepts, then pockets may be picked.

    • Agree: frankie p
    • Thanks: RichardDuck, dogbumbreath
    • Replies: @Truth Vigilante
  57. anon[985] • Disclaimer says:
    @TimothyMadden

    Comment heard on an internationally broadcast TV call-in:

    “There are still plenty of trees. No reason they can’t keep printing money.”

    (Caller was in the BLM category)

  58. Maddaugh says:
    @Anon

    Let Maddaugh answer that riddle for you. Because China is a shit hole ! While the US has its problems the country is still better than China. A cynical person need not take your word or mine for it. Just go to the nearest international airport in the States, just ask how many Westerners are taking up permanent residence in China or consider any of the points you so stated so well.

    The fact is people, even those in oppressive countries VOTE WITH THEIR FEET. When a human being immigrates to another country it clearly shows that they themselves know there is something better elsewhere other than the place they were born.

    Lots of people beat up on the US. I do ! Things should not be the way they are. But I for one will not pack up and live in China. Few people will and this is a fact !

    Hence like you, all this China idolisation to me is not only claptrap but utter shit.

    • Replies: @mulga mumblebrain
  59. anonymous[379] • Disclaimer says:
    @A Half Naked Fakir

    But as long as whores populate the halls of congress, it’ll not be done. Nothing less than the White Christian doing the right thing, i.e. throwing those bums out would be the key to true independence.

    White Christians doing the right thing? Lol!

    You, like your brown brother, Malla, seem to assign too much faith on “White Christians.” Both of you are proud house-dotniggas of “White Christians.”

    Perhaps a “fakir” like you, has a much emaciated brain to comprehend that the “whores who populate the halls of congress,” are overwhelmingly “White Christians.”

    The “White Christian” laity are the whores who elect these other whores to rule them. They are a reflection of each other.

  60. So as Beijing begins to rethink how to do proper economic growth, we ask, will China learn from Western mistakes?

    You mean keeping the (((((( camel’s nose )))))) out of the tent?

  61. This article does not get the problem right and their solution is therefore false. The problem in the US is extreme government regulation and control of all industry, health care, and even education. The US gets the control wrong, makes bad choices and we have problems. China also has government control of everything but they are making better choices than our government. The real answer is more freedom but the US won’t allow that. The competition between the Oligarchs in the US and the communist controllers in China will end with both countries losing. Neither system continues to work forever. No one knows how long it will hold together but it will fail. It saddens me to see articles like this one making excuses for communism/socialism but such is the sad state of the world we now live in.

    • Replies: @mulga mumblebrain
  62. @Anon

    NOTHING is more revolting than a moronic Western racist deluding itself that China is ‘crumbling’-yet again!! Every year for forty years some Western thug (Gordon Chang, just heard on the BBC, having his arse licked by a Beeb creep, has made a nassty little compradore career out of it)has confidently predicted China’s fall, yet the Chinese have solved one problem after another, despite unceasing Western hatred, subversion, sabotage, terrorist attacks, bio-warfare assaults and threats.

    • Agree: Truth Vigilante
  63. @David Homer

    The political stooges in the USA govern for their rich owners, ONLY, while in China the Government governs for all the population. The disappearing life prospects, stagnant wages (for forty years!)and dismal social welfare and infrastructure in the USA, in comparison with China’s ever increasing popular standard of living, social provision, infrastructure, culture etc, takes a real talent for mendacity and hypocrisy to ignore, or even deny. Fortunately Western brain-washers, in politics, the MSM, academia etc, are down to that task.

    • Agree: dogbumbreath
  64. @Maddaugh

    A Western supremacist mad dog, so fucking dumb that it can’t even spell its own name. China sent tens of millions of tourists overseas every year before the pandemic, and virtually ZERO did not return home, thankful to be out of stinking hell-holes like the USA.

    • Replies: @frankie p
    , @Maddaugh
  65. Biff says:
    @anon

    People around the world are familiar with iPhone, iPad, Nike Shoes, Levi’s jeans, Pepsi, Ford/GM/Jeep, Tylenol, Colgate toothpaste, Lysol, Kleenex, Caterpillar tractors, Boeing airplanes etc.

    Where I live(East Asia) I rarely see any of that stuff – if at all….

  66. JWalters says:
    @anonymous

    Fully agree. Here’s my favorite Michael Hudson quote, from an interview with Ellen Brown (author of Web of Debt).

    “Central banks are created to take monetary policy out of the public domain, out of the Treasury, out of electoral politics, and to make it part of un-elected politics. Creating the Federal Reserve is the number one policy of oligarchy. Once you create a central bank that is independent from politics you’ve essentially moved from democracy to oligarchy. And that was the intention of J.P. Morgan when he and his fellow bankers designed the Federal Reserve specifically to exclude Washington. Washington and the Treasury weren’t even allowed on the Federal Reserve board as it was first structured. It was Franklin Roosevelt who put the Treasury back on. So basically, all the functions that are performed by the Federal Reserve today, and used to be performed by the Treasury, should be returned to the Treasury. And the Treasury should manage the money supply in the public interest. And credit, and loans, and extend credit for purposes that are deemed to be in the public interest. Not the Federal Reserve, which is independent and antithetical to the public interest, directly adverse to the public interest. The inherent policy of the Federal Reserve is to create a depression. That is what debt deflation is. As long as you have the Federal Reserve and a privatized banking system you are mathematically creating the dynamics of exponential debt growth, leading to permanent debt peonage for the economy, permanent until there’s a change in the system.”

    • Thanks: RichardDuck, Miro23
  67. frankie p says:
    @Anon

    You should look at the real world instead of your antiquated perspective of how the world used to be.

    First, if you have looked at trends over the past 40 years at all regarding Chinese students who study in US universities, you will find that nearly ALL of the Chinese students now plan to return to China to work and care for their parents. This is a no-brainer for anyone who looks at the job market and opportunities. Some Chinese students will work in the US for a few years, mainly to gain experience and relationships that will bolster their resume for when they return to China. The time of the Chinese students who attend US universities and never return is decades in the past.

    Second, the Chinese who buy real estate in the US do NOT do so to escape the next upheaval. They are smart enough to know that the next upheaval is going to occur in the US, not in China. They invest in the US because they are aware of the nature of the financial capitalism that exists in the US, and they follow the ever-increasing bubble in real estate. Investors tend to believe that trends will continue, so they invest in US real estate to profit from ever-increasing housing prices. The idea of a chance for a green card is certainly an extra bonus here, no doubt about it, but in most cases, the investors will use that for the wife and kids while they remain in China to make money and be productive. They are hedging their bets.

    Finally, how many Chinese really use the “snake heads” and get smuggled to the US? Really. Now think about it. What is the population of China? How many Chinese are being smuggled into the US these days? Answer: a completely insignificant number. And those who do want to enter the ranks of the illegal immigrants in the US are unskilled, unproductive, and hold out some hope that they or their children will be amnestied into US citizenship and can start sucking on the teat of US government welfare benefits.

    It’s the 21st century. Stop looking at the world through your 20th century sunglasses.

    • Agree: Showmethereal, antibeast
  68. frankie p says:
    @mulga mumblebrain

    Yeah, the pre-Pandemic Chinese annual tourists travelling overseas equaled the population of California, 40 million and more, and virtually ALL of them returned to China. Why wouldn’t they? They have increased personal freedoms unknown three decades ago, and they have a dynamic economy that facilitates prosperity!

    The western pundits are still looking at China through their 40-year-old sunglasses, and they are not seeing the truth. Perhaps they fear the truth, but actually it would set them free.

  69. Yeah, the pre-Pandemic Chinese annual tourists travelling overseas equaled the population of California, 40 million and more, and virtually ALL of them returned to China.

    That “tourist” number is too low. Most accounts have Chinese overseas tourists north of 150 million.

    https://www.travelchinaguide.com/tourism/2019statistics/

    • Agree: frankie p
  70. IronForge says:

    Doctor Hudson has a new Edition of his Book, “Super Imperialism” out.

    The Previous Edition (The Retard-Dubya/Sith-Cheney NeoCon Signature ClusterFrack Edition) are freely available in .pdf

    Read either to see how ClusterFracked and Spiteful the Hegemon’s Plutarchy and Corporate/MIC/PetroUSD Vassals were and still are.

  71. @nsa

    Omg – this is easily the least informative but best comment I have read at Unz in 6 months. Thank you and may God bless your home.

  72. antibeast says:
    @Agent76

    Oh, lest I forget: Asian investors poured into China after the USA imposed sanctions with some 50% of ALL FDI during the 80s and 90s coming from ‘Overseas Chinese’ with the rest coming from Japan and South Korea. Western multinationals who invested into China were mostly European (German) with US multinationals such as Nike and Motorola accounting only for a small fraction of the FDI during that period. That changed only after China’s accession to the WTO in 2001 when US multinationals started investing in China. But Motorola has since gone out of business while Nike has relocated most of its shoe factories to Vietnam and Indonesia.

    Walmart used to be the single biggest importer of cheap Chinese-made consumer goods into the USA. But Apple has since replaced Walmart to become the single biggest importer of iPhones, Macbooks, Airpods and other iProducts made by Chinese factories which are owned and managed by either local Chinese entrepreneurs or Overseas Chinese investors from HK, Singapore, Taiwan, etc. Don’t tell me those Chinese factories are ‘industrial colonies’ of the West when they also manufacture smartphones for Chinese brands like Xiaomi, Oppo, Vivo, Oneplus, Huawei, Lenovo, etc. Even the semiconductor components used in smartphones mostly come from East Asia nowadays — Japan, South Korea, Taiwan — with the rest coming from local Chinese suppliers of LCD screens, lithium-ion batteries, PCB assemblies, etc. Even Apple’s Ax series of in-house SoCs are manufactured by TSMC in Taiwan while the biggest supplier of smartphone SoCs to China today is Taiwan-based Mediatek.

    Lastly, China has the world’s largest, fastest and most advanced high-speed rail in the world. In the case of the USA, the Yanks don’t even have high-speed rail and most likely never will. And yet they like to take credit for something that the Chinese themselves built by claiming that the USA ‘built up’ China.

  73. @Yee

    “When it is “free”, then individuals with most resources will control it.”

    Crony capitalism is the natural state of any economy.

    • Replies: @Miro23
  74. @9593

    I read here in some other article that there was a State sponsored attack on Shanghai Jews soon after 1948.

  75. ivan says:
    @Schuetze

    The Chinese want to make money. If Xi stands in the way, they’ll just go around him. Hudson is a one trick-pony : Everything that is wrong in the world is due to “US Super-Imperialism”. Its another form of “racism” – that the denizens of other countries have no moral agency of their own, but had to be inveigled into it by the nefarious American capitalists.

    The fact is those who have made their money are keeping quite, while those who lost their savings in the housing market are of course terribly embittered. But it would be the same had the places been reversed. Japan saw its overvalued real-estate collapse from the 90s on after the Kobe Earthquake. After that they didn’t look ten-feet tall at all.

    Unlike their tech giants whose capitalisation is in the region of \$1 to \$2 trillions, that of the real-estate sector is in the region of \$60 trillion. Let Xi try to tank even 10% of it, and see what happens to his ass.

    • Agree: Schuetze
    • Replies: @Anonymous
    , @antibeast
  76. Talisker says:
    @Agent76

    This James Corbett video is terribly dated. While he’s usually a good pundit, his take here is a bit naive and can be easily refuted with three data points:

    -In the last 15 years, the average wage in China has more than quintupled

    -The median household wealth in urban China is twice as large as in the US

    -The home ownership rate in China is 97%.

    • Replies: @mulga mumblebrain
  77. @Schuetze

    On the face of it that sounds maniacal, Shoo. But then we see that Putin is in cahoots with Biden in suppressing Ivermectin, RT ditto with NYT likewise, all full bore for the scamdemic, and you make sense.

  78. “What China’s doing is creating a precondition for a profitable industrial economy over a large area to benefit from. ”

    If only?

    ‘We’ have 16 years?

    ‘Global peak oil production may have already happened in October of 2018 (https://energyskeptic.com/2020/will-covid-19-delay-peak-oil/ Table 1). It is likely the decline rate will be 6%, increasing exponentially by +0.015% a year (see post “Giant oil field decline rates and peak oil”). So, after 16 years remaining oil production will be just 10% of what it was at the peak.’
    http://energyskeptic.com/2020/climate-change-dominates-news-coverage-at-expense-of-more-important-existential-issues/

    [MORE]

    Or,
    ‘We’ have ten years?
    “ . . . our best estimate is that the net energy
    33:33 per barrel available for the global
    33:36 economy was about eight percent
    33:38 and that in over the next few years it
    33:42 will go down to zero percent
    33:44 uh best estimate at the moment is that
    33:46 actually the
    33:47 per average barrel of sweet crude
    33:51 uh we had the zero percent around 2022
    33:56 but there are ways and means of
    33:58 extending that so to be on the safe side
    34:00 here on our diagram
    34:02 we say that zero percent is definitely
    34:05 around 2030 . . .
    we
    34:43 need net energy from oil and [if] it goes
    34:46 down to zero
    34:48 uh well we have collapsed not just
    34:50 collapse of the oil industry
    34:52 we have collapsed globally of the global
    34:54 industrial civilization this is what we
    34:56 are looking at at the moment . . . “

    Or, have 5 years? {unlikely?}.
    “The greatest threat to humanity on Earth is the escalating Arctic atmospheric methane buildup, caused by the destabilization of subsea methane hydrates. This subsea Arctic methane hydrate destabilization will go out of control in 2024 and lead to a catastrophic heatwave by 2026.”
    https://arctic-news.blogspot.com/2021/05/extinction-by-2027.html?fbclid=IwAR3FEKqILrzS_Le1Z4LRmEvqoSRz6p2rBIFjbNmY1NFB_rHeU4RpDT8u2Zg

    Remember?
    “A barrel of conventional crude oil contains the equivalent of roughly 4.5 years of continuous human labour; or around 11 years at 35 hours per week, 48 weeks of the year.  But the capitalist doesn’t pay for the value of the fuel, merely the cost of extracting it.  For a mere £49 (at pre-pandemic prices) the capitalist purchases £330,000 worth of work (at the current UK median wage).  It is the exploitation of fossil fuels rather than the exploitation of labour which generates the vast majority of the surplus value in an industrial economy. . . .

    {As Nicole Foss once put it – if conventional oil was like drinking draught beer from a glass, fracking was the equivalent of sucking the spilled dregs from the carpet.”}

    https://consciousnessofsheep.co.uk/2020/05/26/two-money-tricks/?fbclid=IwAR1rOz0jexO2dIIldSlseh-8-EqES4oYZcBTvHMtW-JyBgMHB6xgfOOsbBI

  79. Rcmt says:
    @Schuetze

    That is really the \$64,000 question, what is the true relationship between Jewish Power and the Chinese Communists. Of course Mao never would have succeeded with his stab in the back of Chaing if it weren’t for the Judeo-Communists controlling the US and UK throughout the war and afterwards. The USSR would have folded like a house of cheap cards too. So the entire post war order, from the genocide of Germany and the communist takeovers of Eastern Europe to the communist takeover of China, Manchuria and Korea was all clearly part of the same Talmudic plan.

    Thanks for this, agree, and have wondered if indeed the Chinese would ever have the means to extricate themselves from the death grip of said Talmudic socio-economic machinations.
    Abraham Lincoln is said to have believed that the skin color of negroes, and their unfortunate
    history in the US would make it impossible for whites and blacks to coexist…while I see this
    playing out and know it is only exacerbated and exploited by the same Talmudists, I wonder if the fact that they ARE so distinctly different physically will eventually lead to real holocaust.
    For now I suspect that Israel has made a deal w/China to sacrifice the US to CCP in return for access and, later, dominion over China itself.
    I have watched Russia and China go along with the covid madness and realized that they are either all in or cowed by the threat of “mismanagement” by their own constituent populations
    as Donald Trump was here in the US. At that point in time the uncertainty of the threat made the imposition of medical tyranny allowable, obviating government or statesmanship.
    That we collectively have turned into Wolf packs bodes ill for all.

    • Replies: @Vidi
    , @Schuetze
  80. @anonymous

    “You, like your brown brother, Malla, seem to assign too much faith on “White Christians.””

    I don’t where get the idea that I am a brother to the brown “Malla”; however, I do know that you’re a yellow rat hiding behind anonymity but most can figure out the inscrutable chinaman by his obvious biases.

  81. Sam J. says:
    @anon

    “…white people have done massive racist damage in and to the world…”

    My guess this is just an attempt to heap abuse and guilt on Whites for deeds…done by the Jews. I can’t say it’s every instance but in a vast amount of colonialist exploitation it’s Jews doing the exploiting pretending to be a part of some White country or another. The Jews running opium into China, the Jews in charge of the slave ships bringing Blacks into the Americans(by the way I believe they did this on purpose as a long term strategy to cause racial strife. They’ve done it before many times before and talk about it incessantly).

    In fact the only thing that works with the Jews is to just get rid of them. Don’t let them stay in your country, don’t let them have any say in your country. Don’t let them trade in your country. Certainly don’t let them or anyone in league with them have anything to do with your banking. Just get rid of them, block them out then…prosper. Live life in bliss and peace. Make colors brighter and the children happier. All these things can come true if you just get rid of the Jews.

    Every country that has done this has had a huge up welling of good fortune, prosperity and well being of the citizens until, the Jews find a way to weasel their way back in.

    The lesson of this is we need to find a way to get rid of them and never let them come back. They must go. Peacefully if we can get it but by any means necessary they must go.

  82. Sam J. says:
    @Schuetze

    “…Mao never would have succeeded with his stab in the back of Chaing if it weren’t for the Judeo-Communists controlling the US and UK throughout the war and afterwards. The USSR would have folded like a house of cheap cards too. So the entire post war order, from the genocide of Germany and the communist takeovers of Eastern Europe to the communist takeover of China, Manchuria and Korea was all clearly part of the same Talmudic plan…”

    Yes

    “…Something like 90% of Israeli’s have been vaccinated and millions more “boosted” with some type of Pfizer vaccine, but who knows what version…”

    I believe this is a lie. How can we believe what they are telling us? We have no way of confirming this. If any Jews are getting the real vax I suspect it’s only the ones who are for peace. The real are probably saline.

    • Replies: @Schuetze
  83. Maddaugh says:
    @mulga mumblebrain

    A Western supremacist mad dog, so fucking dumb that it can’t even spell its own name. China sent tens of millions of tourists overseas every year before the pandemic, and virtually ZERO did not return home, thankful to be out of stinking hell-holes like the USA.

    LOL- Its no wonder you have named yourself Mumblebrain. You are the Chinese version of the English village idiot! Maddaugh is my family name. Its an old Anglo Saxon name you fool, with its own Coat of Arms. Unlike you, I dont hide behind a handle especially one as idiotic as yours. I can trace my ancestry back to the Middle Ages in the UK. Some of my ancestors were probably among those who raised Hong Kong from a miserable little fishing village to a powerhouse Metropolis. Others were involved in the China trade and most likely addicted your people to opium while servicing your bitches. You may even have some of my blood LMAO. I remember my Grandfather telling me that in Hong Kong there were no go areas for the Chinese with signs that said “No Dogs or Chinese”. In the Boxer rebellion the Chinese Kung Fu Masters told their students that their Iron Shirt Techniques would stop the White Man”s bullets. Some .303 rounds soon put an end to that bit of delusion LOL. Don’t bring a shirt to a gun fight.

    What is your real Chinese name ? And how far back can you trace your ancestry ? I bet you don’t even know your blood line. Maybe its Maddaugh ! Maybe one of my ancestors gave one of your female ancestors some of the Maddaugh sweet sauce ?

    In any case we don’t really care about Chinese tourists. They are all a bunch of cheap fucks anyway. No one asked them to come here but that said, they come here because China was, is and will always be a toilet bowl. They love the US that is why they come ! Use your head Old Sport !

    Never mind your criticism of the US. The fact is you live in Australia and not China. The fact is without the US/Australia treaty, the CCP military will turn your ass into chop suey. So you had better be respectful. The white man gave you a chance to live in a modern society instead of a rural Chink slum, eating road kill, bathing in a muddy stream and shitting in an outdoor hole. Be grateful !

    Now lets have a spelling test correction correction. MAD DOG is not the same MADDAUGH. You of all people should know that. You eat dog don’t you ?

    Bumble, Crumble, Fumble,Stumble, Jumble…………. MUMBLE BRAIN. LOL

  84. Realist says:
    @JimmyCrackCorn

    All I can say to your comment is, THANK GOD it can’t happen fast enough.

    Agreed…except for the THANK GOD

  85. To “keep China’s cost of living low, you have to keep the price of housing low.”

    This man is misinformed. Housing in China in relation to pay is far higher than in the West. Purchasing a flat in a first tier city costs about 43x of an annual salary. Housing cannot be “kept low” because it is grotesquely expensive.

    You should not have published this. This man knows less than nothing.

    • Replies: @The_MasterWang
    , @antibeast
  86. Vidi says:
    @Rcmt

    Of course Mao never would have succeeded with his stab in the back of Chaing …

    Total garbage. The truth is the other way around: Chiang stabbed Mao in the back. The Communists were initially allied with Chiang’s KMT (Nationalist) party. In 1930, the KMT suddenly turned on the Communists and very nearly killed them all. As part of this extermination campaign, they killed Mao’s wife, Yang Kaihui (link).

    I’m ignoring the rest of your comment, as it is likely also garbage.

    • Agree: Showmethereal
  87. Schuetze says:
    @Sam J.

    “How can we believe what they are telling us?”

    Clearly we can’t. Plus there are loads of Palestinians who have the misfortune of having to exist in a Jewish Racial Supremacist terror state. I doubt they are taking the clot shot. There have been a few videos of protests in Tel Aviv, but those could be staged.

    I think the most plausible evidence that some “vaccinating” is going on in Israel is that several countries are blocking all Israeli’s from entering their countries.

    https://www.timesofisrael.com/portugal-sweden-slap-covid-entry-ban-on-israelis-including-those-vaccinated/

  88. @Yee

    That’s of course an ideal outcome for Russia. But just how should the Russians act when their warning system detects an all-out nuclear attack heading roughly in their direction? Hope they are all meant for China? Suppose the Americans give them a heads-up. Should the Russians believe that?

  89. @Nathaniel Eli

    This is a good filter. Only those who can afford this insane price can stay in first tier cities. The rest can go back to their provinces where housing is actually somewhat affordable. The trip won’t be difficult anyway. Just hop on a high speed train. Or a low speed sleeper if you aren’t in a hurry.

  90. @Maddaugh

    Nice cope. But you are still feeding the “migrants” who rape White girls for fun.

    • Replies: @Deep Thought
    , @Obsequious
  91. Schuetze says:
    @Rcmt

    “I have watched Russia and China go along with the covid madness and realized that they are either all in or cowed by the threat of “mismanagement” by their own constituent populations”

    Well they certainly aren’t afraid of public opinion in any other internal policies, so we can rule out “threat of mismanagement”.

    This entire “energy crisis” in China, and the shutting down of ports due to “waves of covid” also stinks. It looks to me like they are setting up a supply chain crisis, and China is in on it, likely Russia too:

    https://www.dailymail.co.uk/news/article-10044311/International-shipping-workers-warn-global-transport-systems-collapse.html

    “International shipping workers warn of ‘global transport systems collapse’ unless pandemic restrictions on trade and movement are quickly lifted

    Just like with England and the “covid ping” logistic crisis, the supply chains collapse is all deliberately and artificially created.

    • Agree: RadicalCenter
  92. antibeast says:
    @Nathaniel Eli

    You’re correct. But Xi is now trying to solve the housing problem by moving jobs from Tier-1 cities to satellite cities such as his plan to decongest Beijing by moving non-Capital functions to Xiong’an as part of the Jing-Jin-Ji plan. Other plans include the GBA (Greater Bay Area) plan for the Pearl River Delta region of Southern China; Yangtze River Industrial Belt Plan; Chengdu-Chongqing Economic Circle. It’s called the ‘hub-and-spoke’ model of urban clusters consisting of a major city with an international airport or seaport linked by high-speed rail to satellite cities. People who have more job opportunities outside the higher-cost Tier-1 cities are now able to settle down in lower-cost Tier-2 cities. Things like free public housing, subsidized private housing, housing purchase restrictions, etc. can also play a role in reducing the costs of housing. Even that is not enough for Tier-1 cities which have simply too many people living in a small area, thereby driving housing prices sky-high. The only solution there is to decongest those dense cities.

    • Agree: dogbumbreath
  93. Che Guava says:

    Only three things (could say more).

    I.
    The small pnimt abt. blowing up new buildings in the new cities was of interest.

    I well recall people being mocked, only a few years ago, for stating that nobody was living in those places.

    Have no idea abt. how many really became new cities, or the extent of demolition, but that it is happening at all indicates extraordinary waste and environmental damage, for no reason.

    II.
    The willingness of so many western countries to allow elite Chinese to engage in the rentier economy (the remarks about Thames and western NYC very apposite to this, but I know it is the same in many other places)and the eagerness of rentier western govts. to hand out passports to such parasites (they generally have two or three, the aim being China passport, then U.S.A., then one from some other sucker place)is bound to mean an elite resistance to whatever good Pres. Xi is trying to do now.

    III.
    Given the risible quality of most western tertiary ed. of now, and the fact that people who are illiterate and innumerate regularly ‘graduate high school’ (I know this from ‘murricans directly met), it is difficult to be sympathetic abt. debt for degrees in idiocy. Sure, the system is financially parasitic, but the rot is far deeper than that.

  94. Anonymous[240] • Disclaimer says:
    @ivan

    Unlike their tech giants whose capitalisation is in the region of \$1 to \$2 trillions, that of the real-estate sector is in the region of \$60 trillion. Let Xi try to tank even 10% of it, and see what happens to his ass.

    Uhm, sorry, but . . . NO.

    You’re forgetting one very, very, VERY fundamental difference between a capitalist dictatorship and e mere capitalist oligarchy. China is the former, Japan was the latter. Oligarchs are feudal lords, while the CPC are basically god-emperors.

    China, if it chose to, could arrest all of its billionaires tomorrow, or tank and all of its real estate and finance companies, and NOBODY in China would do a damn thing about it.

    Remember Jack Ma, richest man in China once upon a time? He was “invited” for a talk by the government, and he became meek and mild. Probably scared shitless they were going to shoot him and his whole clan, in public.

    What was Ma going to do? Maybe he should have called his lawyers, his owned media, his bought politicians and judges, and his paid-for “protesters”? But wait . . . he was in CHINAAA! – billionaires in China don’t have those things! All the money, NONE of the power.

    And THAT is the difference between China and other places. Not saying it’s good, but it is FACT.

    • Agree: Miro23
  95. @The_MasterWang

    But you are still feeding the “migrants” who rape White girls for fun.

    “Rape?” No, they”groom:

    Drugs and alcohol are frequently used by grooming gangs to incapacitate girls or coerce them into sex, with the criminality later discouraging victims from going to police.

    There are several methods of grooming, with the best-known “boyfriend” model seeing an abusive relationship used to force victims into sex with others.

    https://www.independent.co.uk/news/uk/home-news/grooming-child-sex-abuse-exploitation-rotherham-rochdale-police-a9215261.html

  96. Miro23 says:
    @Old Brown Fool

    “When it is “free”, then individuals with most resources will control it.”

    Crony capitalism is the natural state of any economy.

    True, and that’s why you need a government that’s more powerful than corporations (no links to them). And it doesn’t need to be democratically elected either – a dictatorship is fine as long as it advances the interests of the general population.

    Accept that corporate special interests are always going to try to bribe/blackmail their way to political influence.

    • Replies: @Old Brown Fool
  97. @The_MasterWang

    The problem with non-white immigration in the US is not as bad as it is made out to be given that white Americans are no longer really white anyway. Maddaugh himself probably has some black ancestry.

  98. Anon[406] • Disclaimer says:
    @Maddaugh

    Please do catch up in your reading. You’re at least 20 years out of synch with the facts. Your visionary and brilliant (ahem) prognosis will be tested and found to actually a smudged xerox copy of Gordon Chang’s books since 1990.

  99. @Maddaugh

    Well racist-so your ancestors were mad dogs. Big diff! A ‘coat of arms’ have you? Mastiffs rampant with drool?

  100. @James Charles

    Two two killer catastrophes, energy depletion and ecological collapse, will finish us off. The West, led by the deranged psychopaths of the USA, USUKA, and other Western racists, are responding to this disaster not by global co-operation to avert Armageddon, but by planning to attack China and Russia. At least that will humanely, or not, hasten the compulsory self-immolation. It will please the End Times droolers, at least.

    • Replies: @Truth Vigilante
  101. @Talisker

    The number of Western racist imbeciles who STILL speak of ‘slave labour’ (never true) in China shows just how terminally stuffed the West truly is.

    • Replies: @Anonymous
  102. Anonymous[240] • Disclaimer says:
    @mulga mumblebrain

    Try this on for size:

    The Collective West (a term coined in Russia): “What, you Chinese actually think you can address US as equals?!?!”

    China : We do not THINK that. We . . . (finish the sentence).

  103. @Maddaugh

    Jews will find a way to get their tentacles in and ruin China. That is their modus operandi. They are locusts, and China will be just another carcass for them to devour. In any case they can have each other. They, the Jews and East Indians are perpetual money hounds and they deserve each other and the accompanying consequences.

    Yes. Western decadence makes it tempting to see China as a wonderful alternative. After all, China doesn’t support feminism, tranny supremacy, black supremacy, globo-homo, immigrant worship, and so on, and doesn’t engage in endless wars of aggression. Average Chinese people are openly racist against anyone who isn’t Chinese. They regard all foreigners (including Asian foreigners) as monkeys with one exception: Jews.

    China has a severe Jewish problem.

    Anyone who has been to mainland China knows that average Chinese people do not merely admire American Jews; they worship American Jews. Not because of Israel, Hitler, or the holo-hoax. The Chinese worship of Jews is about money.

    Most Chinese (especially southern Chinese) are obsessed with money. They eagerly wait in long lines if they think it will let them save a few pennies (renminbis). They buy things they don’t need, just to get a bargain. They regard quality as less important than price, and they see American Jews as like them. For the Chinese, Jews are the only “civilized” Americans.

    Average people in China praise Jews for controlling the West. Entire sections of book stores in China are devoted to volumes about “How to win like the Jews.” “How to get rich like the Jews.”

    If a Chinese girl gets engaged to a foreigner, the main thing the girl’s family wants to know is: “Is he a Jew?” If not, the family is strongly disappointed.

    Anyone who thinks I exaggerate has not been to China. The Chinese worship of Jews is wrapped up in the Chinese obsession with money, which is so extreme it’s pathological. It causes most Chinese people to maintain constant and extreme stress for themselves. Most males are heavy smokers. Even doctors are heavy smokers.

    If the Western host collapses, the Jewish parasite will find a willing new host in China.

  104. @anonymous

    You make a good point. Mr Hudson touched on the cost of infrastructure – healthcare – and tertiary education as crippling forces in the US. Same goes for the military industrial complex. None of that is China’s fault. In fact US companies outsourced so much because Chinese production (and others) kept prices of consumer goods lower than they would be for the profit margins they wanted. US consumers would be completed crippled.
    For certain production to thrive in the US – many things like energy and healthcare would need to be public goods. Of course though there would also need to be competent leadership. But its easier to make China the bad guy.

  105. @Bubba

    You are correct. It is atrocious. Even compare the cost to build a kilometer of subway in London or Paris (forget about Asia) to NYC or San Francisco. It is as bad as the overly inflated military hardware. It is pretty sad really.

    • Thanks: Bubba
  106. @Schuetze

    The United States also agreed the islands in all the South China Sea belong to China. That is why they had Japan sign it over to the Republic of China in the Treaty of Taipei after WW2. You know the same Republic of China that only exists on Taiwan but also claims Tibet and Xinjiang as part of their territory. Lol. So many uneducated (or propaganda pushers) in the anti China crowd.
    In any event you are right about Evergrande. But that is exactly why the CPC is not bailing them out. They are being made to feel the pain to teach others a lesson. Consumers will be protected – but not the leaders. No golden parachute. In any event – Evergrande appears it will survive. They are being forced to sell non essential stskes in any other business. Sorry to break it to you.

  107. @A little boy in the crowd

    If the Western host collapses, the Jewish parasite will find a willing new host in China.

    Are you trying to tell your own version of my Jewish joke?

    https://www.unz.com/aanglin/so-are-we-doing-this-war-with-china-or-what/#comment-4930118

  108. @anon

    The numbers for GDP weight are posted for every country. The US is abnormally weighted toward consumption of goods and services…. It is not Mr Hudson making it up. You can look.

    As to brands… Not to insult you but that thinking is dated. Indigenous Chinese brands are well known outisde of the US. Haier – Konka – TCL – Hisense – Gree. Xiaomi – Oppo and others.
    Huawei is still well known in spite of US attempts to destroy it because it dared to be more advanced. Even Lenovo gets more design from in China now than the divisions it bought from IBM in North Carolina. Again you dont have to believe anyone – just check the global sales numbers.
    You can also see comment number 50 on this thread (antibeast) which gives more detail.

  109. Richo says:

    The difference between earned income and unearned income, investing in things that go up in price or yield a rent, is that if a person can only earn in a lifetime what they earn in a salary or an hourly wage, then that family will never move beyond being a wage slave, and will have very little to support them in their old age or to pass on to their children.

    The only way that a person or a family can advance beyond a lower middle class lifestyle, to an upper middle class lifestyle, is to invest in things that yield capital gains and rents. It is for example by the ownership of their house, which under the current system does rise in price, that a family can grow and pass on to their heirs a lifestyle that is beyond what they started with.

    True, huge corporations take advantage of that system to become unusually wealthy, but that is but a side effect.

  110. @anonymous

    I haven’t seen Malla in a while. I recently saw a 1947 Anglo film called black Narcissus. The Anglos sure seemed to have a poor view of Indians in that film. I would love to get a film review … But let me not polute Mr Hudsons comment thread

    content://com.android.chrome.FileProvider/images/screenshot/16331207787661189862148.jpg

  111. Miro23 says:
    @A little boy in the crowd

    The Chinese worship of Jews is wrapped up in the Chinese obsession with money, which is so extreme it’s pathological.

    This doesn’t automatically mean that Jews and Chinese are friends. More like rivals, and classic Jewish means of control are effectively blocked from entering China.

    Dominance by Jews or Chinese are both nightmare scenarios with (so far) only the Jewish version becoming known in the West.

    • Replies: @Alt Right Moderate
  112. denk says:
    @Schuetze

    In Hudson’s bubble, the US is the only aggressor country

    Of course not.
    FUS is in good company, FUKUS ,the coalition of killing. [1]

    Dont forget the euro either, NATO is the FUKUS led ENA of 21C

    In Hudson’s bubble the Tibetan’s, Uigur’s, Formosan’s, Manchurians and Mongolians just want to be CCP slaves, just like he thinks all the Han do to.

    tsk tsk tsk
    Adrian Zenz perpetrates the UIghurs smut.
    Now schuetz up the ante and cry about poor Mongol slaves groaning under the dreaded Han !

    To think that I used to reckon Germans are the more honest amongst the whiteys.

    hehehhe

    [1]
    one Yank, one Brit of course – coalition of the killing you might call it
    https://space4peace.blogspot.com/2012/08/selling-wars-to-young.html

    • Replies: @mulga mumblebrain
  113. Biff says:
    @A little boy in the crowd

    Anyone who has been to mainland China knows that average Chinese people do not merely admire American Jews; they worship American Jews.

    The Chinese detest usury more than anything and anyone associated with it is a problem.

  114. @A little boy in the crowd

    Cobblers, no doubt written by a Zionazi supremacist who believes that the whole world worships the Jews, or had better start doing so. Most Chinese see Jews as just another community of fellow human beings.

  115. antibeast says:
    @ivan

    To help you understand what’s happening in China, here’s a video of Eric Li — who’s a Chinese venture capitalist based in Shanghai — rebutting George Soros:

    Li explains clearly why China is cracking down on its Big Tech while reining its property sector. This move signals a strategic shift in the economic model of China from rapid growth driven by manufacturing exports to balanced growth driven by domestic demand. The key metric will no longer be GDP growth but ‘common prosperity’.

  116. antibeast says:
    @mulga mumblebrain

    Most Chinese don’t know anything about Jews except that they’re Whites with Big Noses who happen to be filthy rich. No offense but that’s a fact.

  117. onebornfree says: • Website

    A “big picture” article summation for y’all:

    A pro CCP Marxist ( Hudson) compares ( or tries to), the top-down ( ie centralizing) Marxian communo-fascist economic dictates enforced by the CCP on the businesses and citizens of China, with the top-down ( ie centralizing) Marxian communo-fascist economic policy dictates of its main rival, the US, on _its_ businesses and citizens, and concludes that the US needs to be even more like China.

    [MORE]

    Never a word about getting governments in both countries entirely out of interfering with _anyones_ free choice, and letting free markets decide which products and services collectively best serve the consumer. What a joke! 😆

    “If the US Wants to Beat China, Why Is It Copying China’s Socialism?”
    https://mises.org/wire/if-us-wants-beat-china-why-it-copying-chinas-socialism

    “The Inevitable Failure of Socialism”
    https://www.aier.org/article/the-inevitable-failure-of-socialism/

    “Regards” onebornfree

  118. @mulga mumblebrain

    In this thread, a lot of responses to my comment are clearly written by people who have never been to China.

    They write from hopeful imagination, not from experience.

    If reality does not match their delusions, they call me a “Zionazi supremacist.”

    • Replies: @mulga mumblebrain
  119. @Miro23

    Nationalism for me, but not for thee. If White Australians or Canadians complain about the Chinese diaspora buying up land or flooding their nations with Chinese immigrants, China will quickly forget its nationalist principles and complain about racism or protectionism.

    And why is China so touchy about nationalist Taiwan. If China is really a post communist country intent on promoting economic nationalism then why hasn’t it made up with Taiwan? or Japan for that matter. Both countries are models of economic development in the region.

    From a moderate nationalist perspective, China is just another hypocritical globalist, like the US and Germany, that is quite happy to undermine smaller nationalist states to pursue a globalist agenda.

  120. @A little boy in the crowd

    Oh, yeah-and what parts of China are you most familiar with? A Chinese restaurant in Tel Aviv, perhaps.

  121. @antibeast

    And there is NOTHING that the blood-sucking parasites who control the West fear and hate more than ‘common prosperity’ or ‘common’ anything. This is the last great battle between imperfect Good, ie China, and absolute Evil, the West.

  122. @denk

    One lying, ‘Christian’ fascist psychopath, Zenz, invents the ‘Uighur genocide’ lie, and the ENTIRE Western MSM faithfully spew the villainous, hate-crazed, lie, while five minutes honest ‘journalism’ would reveal its fraudulence. Has there ever been a group as loathsome and Evil as Western MSM presstitutes?

    • Replies: @denk
  123. d dan says:
    @Alt Right Moderate

    “And why is China so touchy about nationalist Taiwan.”

    No, the question should be why are YOU and the majority of American/Westerner so touchy about Taiwan. It is none of your business to interfere into other countries halfway around the Earth, about people with culture and history that you know practically nothing. You are displaying a blatant arrogant attitude and moral superiority over them.

    Taiwan is part of China longer than America/Australia/Canada have been in existence. That is why China cares about unifying that island.

    “why hasn’t it made up with … Japan”

    This question proves again that you are just another ignorant American/Westerner who like to busy-body about something you don’t know about. The more relevant question you should ask: “why hasn’t Japan made up with China?”

    And you probably don’t even have a slightest clue about the answer to this last question. Hint: Look at the mirror.

    “From a moderate nationalist perspective, China is just another hypocritical globalist,”

    China is nationalist in the sense that it cares about its own interests, doesn’t interfere into someone else businesses and respects sovereignty of other countries. China is globalist in the sense that it seeks cooperation, trades, cultural exchanges and other peaceful interactions. There is no contradiction and it is not hypocritical. This is the common desires and destiny sought by the majority of peoples and countries in the world.

    “that is quite happy to undermine smaller nationalist states…”

    No, China never does anything consciously to undermine any states, small or big, You are projecting the behavior of your country and culture onto China. I am very confident that you can’t give a specific example beyond the typical lies from the CIA-sponsored Western propaganda and media.

    • Agree: Truth Vigilante
  124. @Alt Right Moderate

    Actually I don’t feel bad for Chinese who face racism in Australia or Canada. I’m more shocked that they find it strange because they should know that is the case. They only really want Chinese money and labor in their economies – but it doesn’t mean they like Chinese.

    As to your question and comment regarding Taiwan and Japan… Well it makes no sense. Japan was the one who took Taiwan from China in the first place. But the reality is that Japan gets a battery in it’s back – so it still behaves arrogantly toward not just Chinese but Koreans as well. And what is this model you are talking about following??? Lots of money from Taiwan poured into Mainland China starting in the 1980’s… But this is 2021… Mainland China has passed Taiwan in every economic realm except for semiconductors. So why should Mainland China follow Taiwan now??? Plus the fact is the Taiwan side is the one who had to retreat in the civil war. Retreaters don’t dictate how the war ends.

  125. Katie B. says:

    But the military-industrial complex (MIC) has its own agenda, along with the neocon and neoliberal advocates of unique U.S. unilateralism. I think that ever since China’s officials met in Alaska with Mr. Blinken earlier this year, they see the handwriting on the wall, as have Russia and other SCO members.

    NATO imbeciles, corrupted, incompetent, liars, war criminals, good luck. Year after year, only able to buy another year of life to the USD by bombing a country. Arms pushers, drug dealers, organs smugglers, you really have solid bases for your economy. So now, you want to remove the ”R” from the BRICS. Poor seniles. Pathetic.

  126. @Maddaugh

    You wrote:

    The fact is China cannot survive without the west buying its cheap goods. Where else in the world can they sell a 5 cent screw driver for \$1.00 ?

    Incorrect.

    Whilst I’m no fan of Comrade Michael Hudson and his voodoo economics (I am a Libertarian/anarcho-capitalist to the core), I recognise that China has embarked on a long term plan through its Belt and Road Initiative (BRI) to forge win-win trade and diplomatic relationships for the future.

    Unlike the Anglo-Zionist Empire that raped and pillaged the resources of third world countries for the last 150 years or so and subjected them to debt servitude, China has pursued a different route.

    China has initiated win-win trade arrangements with those countries that signed on to the BRI.
    Investments in infrastructure, port facilities, hospitals etc, coupled with trade arrangements on favourable terms has seen genuine increases in per capita GDP with concomitant improvements to the standard of living to the vast bulk of the citizenry (quite unlike the model of the Anglo-Zionist empire whereby the vast majority of the citizens were impoverished and only a handful of corrupt oligarchs and sock puppet dictators shared in the spoils).

    The fact is, U.S GDP is a fraud – as is the stock and bond market.
    To the extent that the U.S has any substantive GDP and actually makes anything, the major contributor is the defence contractors and their production of weapons of death (the U.S is the world’s largest arms exporter).

    The U.S has printed/digitally created obscene quantities of USD – with more to come in the years ahead.
    Even Blind Freddie can see that the USD, along with the U.S GDP (in real terms) is in for a cataclysmic decline.
    To date, creditor nations like China, Japan, Taiwan etc, are happy to take USD in exchange for real products. Said surplus USD are then recycled back into the U.S when they buy U.S treasuries.

    But the day is fast approaching when the USD will begin its downward trajectory, and said creditor nations will stop recycling their surpluses into new purchases of U.S treasuries.
    Soon thereafter, they’ll start dumping their existing holdings, which will further cause a precipitous decline in the USD – concurrent with a steep decline in the standard of living of Americans.

    It may not happen this year or next, but it WILL happen.

    And when it does, China will sell the output that presently goes to the U.S, to countries that will be able to afford it.(ie: NOT the U.S).
    Those that will be able to afford it will be the 150 or so countries that are part of the BRI, whose per capita GDP will have risen several-fold after fruitful win-win trade relationships with the Chinese hegemon.

    So Mad-dog, that is where the cheap (as well as the medium and high priced goods – seeing as China will be making that too), will be sold to.

    • Agree: antibeast
  127. @Schuetze

    You wrote:

    the Jewish Communists running the USSR miraculously transformed themselves into the Jewish Oligarchs running Putin and Russia ….

    And …

    China, the CCP, and Putin’s Russia are merely different puppets dancing in different acts and different scenes on the same Talmudic stage.

    Whilst I’m on board with the bulk of what you posted in comment # 45, I’m not quite so sure Putin is controlled by the Jewish Oligarchs.

    Yes, he’s definitely working with them and as long as they can ‘value-add’ to the Russian economy he’ll continue to do so.
    But, I believe he’s running his own race. Putin has already taken down a Jewish oligarch or two who got in the way.
    And that set an example for the remainder.

    As for China, it is well documented that China worked hand in glove with the Israelis during Mao’s tenure (it’s no coincidence that both got the A-bomb at precisely the same time in the 1960’s).

    And China will continue that liaison as long as they have something to gain from doing so. (eg: transfer of technology from U.S weapons systems like the F35).

    However, when the relationship with the Israeli’s and world Jewry is no longer advantageous (and that time is fast approaching), they will discard the Zionists like a used tampon.

    Make no mistake, the Zionists are not calling the shots in Beijing.

    The Chinese are running their own race – and the Zionist Dominated Usury Banking Cabal know it.

    That’s why the Zio-owned western MSM is smearing and demonising China 24/7, the U.S and its servile vassals are conducting provocative military manoeuvres in the South China Sea, antagonising them with AUSUK (Australia/US/UK) nuclear sub deal etc (not to mention that consistent anti-China rhetoric from the very first minute Trump was elected coupled with a vast array of trade tariffs – policies which continue under Creepy Joe Biden).

    That’s all the proof you need.

    • Replies: @antibeast
  128. @Alt Right Moderate

    Taiwan is not nationalist; it’s just anti-China. Taiwanese people display a rather sickening idolisation of the white Anglo West and many of them secretly (or maybe not so secretly) hope they could become a part of Japan again.

    • Agree: showmethereal
  129. @Mefobills

    Me-foe-bull writes:

    The process by which the landed gentry would jack up rents on their lands, to then suck the increment of production from an industrializing economy.

    So why doesn’t G.M and Ford jack up the price of their cars and do likewise ?

    Of course they can’t, because consumers will go ELSEWHERE and get better value for money.

    Similarly, land holdings are NOT monopolised by one group of people or any particular cartel.

    The rents charged are a function of SUPPLY and DEMAND.

    Libertarians understand this as does anyone with even the most basic grasp of economics (unlike Mefoe-bull and Michael Hudson).

    If one particular cartel of rapacious oligarchs, with significant land holdings in say Chicago, colluded and jacked up the rent in that city, that would just incentivise tenants to go elsewhere and find a reasonably priced landlord.

    [MORE]

    If said rapacious land owners controlled a critical share of the markets like say 80% for example (no cartel does but let’s just assume that for arguments sake), and they doubled the rents overnight, this would entail a diversion of potential tenants to the remaining 20% of rentals properties on the market and that would (temporarily) jack up prices city-wide to an artificial plateau.

    This would NEVER happen in the real world.

    Marginal businesses with slender margins would not be able t0 afford the higher rents and would go bust or just close up.
    Others, that would still be profitable with a doubling of the rents, would find that that their bottom line is severely affected.
    They would relocate to another county or town nearby or move interstate.

    Others would close down their U.S operations and move offshore (where their overheads – rent and wages – were far lower and would never return*).

    (*Look at the rust belt states in the U.S as proof that once thriving commercial properties are now next to worthless and tenants cannot be found to fill the vacancy at even a fraction of the former rental rates).

    In no time at all, when one factors in the businesses that have gone bust, those that have relocated etc, soon enough we have a situation where the bulk of properties are vacant and, because of their greed, the landholding oligarchs are getting NO RENTAL INCOME.

    SOLUTION: Rental prices will have to come down drastically to lure back those that have left and/or attract others form adjoining jurisdictions.

    End Result: The rent may actually be much LOWER in a years time than it was before the price increases were implemented.

    The example above was for Commercial rental properties.

    It applies equally to residential properties.

    When rents go up for homes and apartments, it prices certain individuals out and they relocate to other towns and cities.

    Of course, residential and commercial rents are affected by many other factors – like the state of the economy.

    When there’s a recession (and even more so for the inflationary Depression that’s coming America’s way after decades of monetary and fiscal profligacy), people lose jobs, demand is curtailed and businesses go bust.

    Demand for both residential and commercial property is greatly reduced and RENTS DROP LIKE A STONE – irrespective of the machinations of the ‘landed gentry’ and their propensity to ‘jack up the rents on their lands’.

    So Me-Foe-Bull, stop your demonising of the Libertarians and actually try and learn REAL economics from them.

    Since you’re somewhat of a dullard, try this first:

    http://www.hacer.org/pdf/Hazlitt00.pdf

    Once you’ve grasped the fundamentals, move on to Murray Rothbard’s ‘Man, Economy and State’.

    Because, let’s face it, your grasp of real world economics is juvenile.

    • Replies: @onebornfree
  130. @mulga mumblebrain

    Mulga, a little known fact that you may not be aware of, and it relates to the Australia/US/UK alliance (AUSUK).

    Before cancellation of the submarine deal with the French, France was going to be an integral constituent of the ‘quadumvirate’.

    However, the acronym USFUKAUS didn’t fly.

    In any case, even without the French contribution to the acronym, the U.S is still doing it to us.

    The sooner we establish better trade, diplomatic and defence arrangements with more honourable allies (ie: Russia, China, Iran), the better.

  131. antibeast says:
    @Truth Vigilante

    As for China, it is well documented that China worked hand in glove with the Israelis during Mao’s tenure (it’s no coincidence that both got the A-bomb at precisely the same time in the 1960’s).

    China was under US arms embargo at the time of Mao. Even the USSR refused to help Mao build the A-bomb which led to the Sino-Soviet split in 1960. The Chinese finally developed and tested its first A-bomb test in 1964. I doubt if Israel which did not possess nuclear weapons until later could have helped Mao.

    And China will continue that liaison as long as they have something to gain from doing so. (eg: transfer of technology from U.S weapons systems like the F35).

    China does NOT need anyone to ‘transfer technology’ from the F-35 which is a big joke. The J-20 is China’s indigenously-developed 5h-gen fighter jet which bears no resemblance or similarly whatsoever to the F-35.

    • Replies: @Truth Vigilante
  132. onebornfree says: • Website
    @Truth Vigilante

    “Libertarians understand this as does anyone with even the most basic grasp of economics (unlike Mefoe-bull”

    I prefer my moniker, “Mofo- Bill” . 😎

    You understand this pseudo-intellectual loser is a full on committed “government knows best” fascist in the 3rd Reich tradition, right?

    Regards, onebornfree

    • Thanks: Truth Vigilante
    • Replies: @Truth Vigilante
  133. @antibeast

    Your call on the F35 dud and its lack of cutting edge technology is probably a very accurate one.

    That said, to the extent that there is some worthwhile technology there, the Israeli’s are forwarding it to the Russians and Chinese.

    Meanwhile, as far as this statement of yours goes:

    The Chinese finally developed and tested its first A-bomb test in 1964. I doubt if Israel which did not possess nuclear weapons until later could have helped Mao.

    …. I don’t have documented proof showing the exact timing of Israel’s acquisition of the A-bomb – nor do you (unless you’re privy to classified Mossad files).
    In other words, you don’t know that Israel got their nukes later in the 1960’s – although some Zio funded misinformation sources may have published this, so as not to reveal they got it at the same time.

    Because, had it been shown that they got nukes in the same year as the Chinese, the penny would’ve dropped and the world would’ve seen this was no coincidence, and been alerted to the ‘joint effort’.

    And the reason I say that is the following:

    [MORE]

    It’s a known fact that many of the Jewish scientists working on the Manhattan Project were Communist sympathisers.

    Some of them passed on info (recall the Rosenbergs that were prosecuted and later executed) to the Soviet Union.
    Similarly, the Zionist powerbrokers working out of the City of London, Basel Switzerland (or wherever they’re headquartered at any given moment), used their considerable influence to pass nuclear secrets from the U.S to China.

    There was a quid pro quo involved here.

    Israel could not test nukes and build the necessary infrastructure [in Israel] in a timely manner without setting off alarm bells during the tenure of JFK (who had ordered his military and Intel subordinates to do everything in their power to prevent Israel from getting nukes).

    So, the project was moved to China where testing and building of the necessary infrastructure could be done far away from prying U.S eyes. (All done under the supervision of the Israeli co-collaboraters).

    Therefore, when China got the bomb, then ipso facto so did Israel (since it was a joint project).

    • Replies: @antibeast
  134. @onebornfree

    Thanks for setting me straight.

    ‘Mofo-Bill’ it shall be from now on when addressing the intellectual loser.

  135. @James Charles

    Thank you for your comment. Your observation seems consistent with my proposal to place our God-given natural resources under public ownership.

    NOT some nonsense “public” ownership that in practice means the enrichment and empowerment of government and its officials and cronies: distribution of all revenue from sale of oil, natural gas, metals, minerals, and water to every non-incarcerated US Citizen, every quarter, as a universal basic income.

  136. antibeast says:
    @Truth Vigilante

    This is the first time I’ve read someone claiming that the Zionists conspired with Mao to develop the A-bomb which is counter-factual for the following reasons:

    1). Mao was sympathetic to the Third World which he led against the West throughout his life.
    2). Mao was sympathetic to the Palestinian cause which he supported against the Zionists in Israel.

    Here’s an article describing how Maoist China became the Palestinians’ biggest ally in the 1960s:

    https://www.haaretz.com/israel-news/.premium.MAGAZINE-how-china-became-the-palestinians-biggest-ally-in-the-1960s-1.7619544

    If what you’re claiming is true, Israel would need to possess a working A-bomb way before 1964, in order to pass a sample A-bomb to the Chinese. But the USA was monitoring the Chinese closely at this time during and after the Great Leap Forward when Mao launched his ‘two bombs and a satellite’ project, a top-secret project so secretive that all the scientists remained anonymous until their identities were disclosed to the public in 1999. The earliest estimate for Israel’s possession of a working A-bomb was 1967 which makes it impossible for China to have acquired its nuke technology from Israel.

    So your thesis that China got its nuke technology from Israel during the time Mao was supporting the Palestinians is bunk. Besides, China didn’t need Zionist spies from the USA because there were Chinese scientists who worked in the Manhattan Project such as Qian Xuesen who later defected to China.

  137. @antibeast

    You wrote:

    The earliest estimate for Israel’s possession of a working A-bomb was 1967

    The earliest estimate by WHOM ??

    My contention is that all those making the 1967 ‘estimate’ are Zio-funded disinformation agents.

    As to the matter of Mao’s support for the Palestinians, this may have been his ‘public position’ (as opposed to his private position).

    For arguments sake, let’s suppose it was true that Mao was sincere in his support of the Palestinians.

    If it was an either/or proposition, would Mao prefer to have nukes if it meant stabbing the Palestinians in the back ?

    Do you really have to ask that question ?

    • Replies: @antibeast
  138. Neuday says:
    @Anon

    China might have challenges and setbacks but China’s leaders don’t actively wish for and plot the destruction of Chinese people. China will be fine.

  139. antibeast says:
    @Truth Vigilante

    Your facts are wrong. The USA first discovered Israel building a nuclear reactor capable of producing plutonium for an A-bomb in 1960. That was during the last few months of the Eisenhower Administration which saw the USA frantically trying to defuse a wider crisis in the Middle East after the Dimona discovery. Guess which country built that reactor? France.

    Here’s an article about that Dimona episode which alarmed the Yanks regarding Israel’s A-bomb project:

    https://www.wilsoncenter.org/publication/the-us-discovery-israels-secret-nuclear-project

    China already had a near working reactor built by the Soviets before the Sino-Soviet split in 1960 which was caused by Khrushchev’s decision to cancel the joint China-USSR nuclear project and withdraw Soviet personnel from China.

    Israel took longer than China to build its A-bomb precisely because the USA discovered the Dimona project in Israel. The USA tried to do the same thing to China’s A-bomb project by pressuring Khrushchev to cancel the joint China-USSR nuclear project which he did in 1959, upon his return from a visit to the USA.. But that was too late as the Chinese had obtained enough nuclear technology from the USSR to be able to finish building its first A-bomb in 1964.

    Israel was actually BEHIND China as far as progress in their respective A-bomb projects are concerned. If the Zionists really wanted help in building their first A-bomb, they could have turned to their Zionist spies in the USA, UK, France and the USSR, the four countries which already possessed nuclear weapons technology, unlike China which did not. And that’s probably what happened as the USA pulled the rug from under the French to stop them from supplying their nuclear weapons technology to the Israelis. Nobody knows for sure when and how Israel finally built its first A-bomb but one thing for sure is that Mao had nothing to do with it.

  140. denk says:
    @mulga mumblebrain

    You heard Dutton ,
    the minister of attack ?

    War with China is imminent !

    Are these nutjobs possessed ?

    Why have we been fighting China for so long?

    I don’t know.

    Well, isn’t it a bit silly we don’t have a reason for fighting them?

    Well, go and fucking make one up!

    https://johnmenadue.com/minister-for-attack-can-anything-stop-peter-dutton/

    I like these Aussie straight stalk, but its shrinking fast.

  141. @Miro23

    Completely agree. Dr Michael Hudson says that the Greek tyrants of the yore tried to protect the interests of the common people against the moneylenders (corporates of their time), and ordered debt jubilees; and that was why they were vilified and overthrown. Seems possible. The common man can rarely appreciate a king / tyrant / dictator who does well by them, but the parasite classes can well understand the erosion of their powers; when the parasite classes gang up against the king / tyrant / dictator, the common man just watches from a distance.
    Protecting the interests of the common man is a thankless job; but protecting the interests of the moneylender class is immensely rewarding. Not much has changed in the past 2500 years. Depressing.

    • Agree: RadicalCenter
    • Replies: @Miro23
  142. PJ London says:
    @Tjoe

    and should you start small enough and be smart enough to actually build a market for your product, the corporation will come and make you an offer “A rather small bag of gold, or total annihilation by lawfare, price warfare, and bribery of customers, suppliers and employees.”
    Been there, done that.

  143. @denk

    Dutton is a former Queensland pig, ie copper. There is no lower form of life on Earth, AND Dutton is a very extreme example of the type. That’s it for this place-from Whitlam, Uren, Cairns, Murphy, even Gorton and a few Libs, to Dutton, Joyce, Morrison, and the shemale Harpies (both vicious and remarkably incompetent)of the Lib/Nats, and the feminazis of Labot, like the ghastly Gillard, in fifty years!!!! Un Believe Able.

  144. Miro23 says:
    @Old Brown Fool

    Protecting the interests of the common man is a thankless job; but protecting the interests of the moneylender class is immensely rewarding. Not much has changed in the past 2500 years.

    This must be some law of economics. Countries as different as the United States and the Philippines are run on these lines.

  145. FerW says:

    He [Soros] thinks that China actually needs Yank dollars to build its factories and invest. He thinks that somehow China’s balance of payments is going to fall apart without the US market, without US investors telling President Xi what to do. The Chinese government won’t have a clue as to what to invest in and how to let the ‘free market’, meaning George Soros and BlackRock and other companies, operate. So he’s living in a dream world where other people need us.

    It [the US] thinks like George Soros, that if we stop investing in Asia and other countries, that will force them to knuckle under to the US.

    I do not think this is likely. Probably, neither Soros nor the USG really believe that China needs their investment to such an existential level. But they must understand that such foreign investment is (also) a form of “hedge” against war. Probably, what Soros and the group of anti-China hawks inside the USG seek instead with those moves is to disentangle a greater part of their financial interests from those of China, thus paving the way for future aggressive “negotiations” (credible threat of war, or maybe actual war) with reduced risk of collateral damage.

    The author did end up touching on this in his “postscript”, when he mentions the (perceived) Chinese expectation that large US investors would lobby against the MIC’s “anti-China policy”.

  146. @denk

    Human nature mocks your pathetic notion of reason. As we can now clearly see Australians, like normal human beings, value their racial solidarity with the Anglosphere far more than “reasonable” economic self-interest. The materialist Chinese communists as are utterly ignorant of White psychology and their plan is falling to pieces.

    They need to drum up racial hatred of Whites and prepare the nation for an utterly brutal war.

    • Replies: @Truth Vigilante
  147. @denk

    I like mutton– even with a “D”. It tastes nice.

    I would invite Biden to join in the feast.

    China welcomes ‘positive statements’ by US as talks hint at change of mood

    Beijing says its top diplomat Yang Jiechi’s meeting with White House National Security Adviser Jake Sullivan was ‘constructive’

    China ‘attaches importance to President Biden’s recent positive statements on Sino-US relations’, Yang says

    https://www.scmp.com/news/china/diplomacy/article/3151468/china-welcomes-positive-statements-us-talks-hint-change-mood?module=lead_hero_story&pgtype=homepage

  148. @The_MasterWang

    Being an Aussie myself, the common folk of Australia certainly do identify with the common folk in the other English speaking countries.

    But the ruling elite of the Five Eyes nations do not have our welfare in mind. They are the core constituents of the Anglo-Zionist Empire, an entity composed of the most despicable vermin.

    I’d trade our ruling elite for that of the Chinese leadership in a nanosecond, as the latter is doing a far better job of looking out for its citizenry.

    It’s much more than a question of being motivated by economic self interest.
    The Anglo-Zionist Empire is the epicentre of evil on the planet, responsible for [in the words of Paul Craig Roberts], killing, maiming, orphaning, displacing and dispossessing tens of millions of [brown-skinned] people post 9/11.

    This is the same Anglo-Zionist Empire, which is nothing more than a sock puppet accountable to the Zionist Dominated Usury Banking Cartel – a cabal that controls the entirety of western financial system.

    Said Zio-cabal is the same entity responsible for the deaths of JFK, RFK, JFK Jr, MLK Jr, Malcolm X, James Forrestal – not to mention False Flags like 9/11, Britain’s 7/7, The 2004 Madrid Train Bombing, The Bali Bombing and much, MUCH more.

    This is a question of MORALITY that Australians need to face up to, as far as which nations we should align ourselves with.

    No regime is squeaky clean and the Chinese are far from perfect.

    But in relative terms, compared to the murderous rampages of the Anglo Zionist Empire, the Chinese are saints.

    The sooner Australia makes a clean break with the leadership of the Anglosphere and establishes better trade and diplomatic relationships with the infinitely more honourable (in relative terms), Chinese, Russians, Iranians, Syrians, Nth Koreans and Venezuelans, the better for Australia.

    As for ‘drumming up hatred’ and the likelihood of a brutal war, this is what the Anglo-Zionist Empire has been doing for some years with it’s incessant propaganda and demonisation of the Chinese, coupled with the provocative military manoeuvres and provocations in the South China Sea.

    If you can’t see that ‘Master Wanker’, you’re a lost cause.

    • Replies: @The_MasterWang
  149. Its not only the “Chinese cookie” that is crumbling.

    I see the U.S has raised its debt ceiling again, and Walla! Up goes wall street.

    If the emperor now has no clothes neither does the Wall Street.

    How long will people sweat and toil for the same dollar that Is produced out of thin air?

    IT’S MONOPOLY MONEY PEOPLE, AND YOU HAVE TO WORK FOR YOURS!

  150. @Truth Vigilante

    You make it sound like the empire is something distinct and alien to you and not a part of your collective nature.

    In any case, our long term security requires your downfall.

    • Replies: @Truth Vigilante
  151. @The_MasterWang

    Wang Master writes:

    … our long term security requires your downfall.

    As I suspected, you are a crypto-Zionist and the security of you and your Freemason ilk would require my downfall.
    I have no doubt you’re working to that end.

    But I have news for you. There are a lot more of us, decent patriotic Aussies, than there are the likes of you. ie: you and your traitorous brethren that have sold out to the Zio miscreants.

    The first step in the unravelling of the Zio malfeasance has already taken place in my state of NSW.

    The Premier resigned last week (now facing corruption charges) and the Deputy Premier did likewise a few days ago. Both were bought and paid for minions of the Covid psyop perpetrators.

    The new Premier in his first week has already rolled back many of the Draconian Covid restrictions inflicted on us by the previous traitors and there’s much more to come.

    Very interesting also how the new Premier conducts press conferences absent that witch (otherwise known as the Chief Health Officer Kerry Chant that was advising the ex-Premier with her stupid Covid policies).

    This is a slap in the face to the Zio-cabal.

    And, as goes NSW (Australia’s largest state), so goes the rest of Australia.

    Hopefully, this Covid tyranny, an integral component of the plan to enslave Australia initiated by your controllers Wank Master, will soon be a thing of the past.

    • Replies: @The_MasterWang
  152. @Truth Vigilante

    Zionist? Me? I couldn’t care less about Israel and the Jews. And if they try something funny and think to make goyim out of us, bad things happen to them.

    And the best way to ensure they can’t bother us is to destroy their war beast, that is to say, your kind.

  153. mike99588 says:
    @antibeast

    Sounds like Xi’s Great Leap Forward.
    Time will tell.

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