this post was submitted on 23 Aug 2023
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The Chinese leader has flown out to South Africa for the summit but asked his commerce minister to read out his remarks.

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[–] JungleJim@sh.itjust.works 7 points 1 year ago (11 children)

I really don't know enough to know, but if all these countries that aren't really friends with the west but have been using the dollar stop doing so, what interest does the west have in maintaining trade? I understand China gained it's economic status because they were willing to do the labor and manufacturing the west didn't want to. Are they hoping that if the west stops buying their stuff the global south will buy enough to make up for it?

[–] steltek@lemm.ee 2 points 1 year ago

It's a new Cold War. Quality of life matters less than being able to stick it to the other guy. For the Soviets, empty grocery stores and gray concrete block housing are tolerable if it means winning against the decadent West. The West had dumbass proxy wars of containment and abrogation of freedoms (HUAC, FBI bullshit).

I think we'll have trade but you'll see state intervention to boost alternatives in the respective spheres with a 3rd World (OG definition) in the middle.

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