Life2Space

Apparently, the problem is that US technology is present throughout SMIC operations; that, existing rules demand that companies that rely on US technology exports must seek prior consent before exchanging products that contain said technologies.

Regardless, it’s a moot point. It’s blatantly clear that the US is trying to suppress Chinese technological growth, so there’s no long-term incentive to play by the US’ rule.

Not that we as communists give a single shit about “free market competition”, there is nothing wrong with a weaker nation using protectionist measures (although we must be clear about the fact that sanctions are not protectionism, they are the polar opposite, they are aggressive economic hybrid warfare) to prevent a stronger one overrunning their economy, but it shows the hypocrisy of their own neoliberal “free trade” mantra.

My understanding is that the “free market” is to prevent foreign nations from developing their economies by means of import-substitution industrialization, for the sake of domestic monopolies taking over the foreign nations’ economies, like a parasite, and turning them into rent-extracting hosts.

In that case, it’s in the interests of all peoples of the globe to reject this form of neo-colonialism—not just communists.

Before I read the article, I had thought that the US was angry over an American company violating sanctions and helping Chinese companies.

But, nope! The US is angry that Chinese companies are…helping other Chinese companies to achieve national self-sufficiency.

“Competition is good because it leads to cheaper prices for consumers”, doesn’t really work since it neglects the union of the state and monopolies to artificially charge higher prices for items of the same - even worse quality; while hindering competition that has the potential to change the status quo.

I mean—the US is trying to prevent the world from cooperating with China, Russia and other major economies because they know that they are incapable of competing due to their decades-long crusade of neoliberalism. Another example is the fossil fuel industry stalling for time against the wave of the renewable energy era; or the automobile industry lobbying against efficient public transportation.

The point is that the major neoliberal powers don’t want competition to exist; they just want rent-seeking sectors that can earn them a treasure trove of money as fast as possible.

That ~21% unemployment rate is based off the 16-24 age group; composed of high school and university students, whose main task is studying and not working.