Trade war? What’s to prevent Red China from ending Deng’s economic reforms vis-a-vis Western corporations the same way the Soviets ended their NEP in the 1920s? Seize the property of the Western “useful idiots” and kick ‘em out. Socialism with Chinese Characteristics, Deng’s version of Lenin’s New Economic Policy (NEP) will not IMO permit foreigners to share the domestic market.
I hate to cite wiki graffiti but this comports well with what I believe to be true. Here. “The Soviet NEP (1921–29) was essentially a period of ‘market socialism’ similar to the Dengist reforms in Communist China after 1978 in that both foresaw a role for private entrepreneurs and limited markets based on trade and pricing rather than fully centralized planning. . .
[Like Lenin, Deng knew that socialism could not build wealth, capitalism was needed. In the early 1980s] Deng Xiaoping and Armand Hammer, a U.S. industrialist and prominent investor in Lenin’s Soviet Union, [repeatedly met and] Deng pressed Hammer for as much information on the NEP as possible.”
IMO, the western corporations’ days in Red China are numbered.. no way will the Chi-coms permit the useful idiots (Lenin’s term for them) to profit from Red China’s efforts to build a domestic market. But unlike the clumsy Soviet ideologues the Chi-coms will keep aspects of capitalism.
And no way BTW will the American taxpayers permit Washington to compensate U.S. corporations for their losses in Red China.
Few learn about the Soviet NEP of the 20’s, and how the ChiComs have basically used it as a blueprint for their current system. Our government funded schools...and tenured economics and business professors at government-funded schools continue to push the “Free Trade with Communist China is good” mantra,,,,totally ignoring the fac that Lenin had created the same type of programs 50 years earlier
One of these days, if you come across someone who confuses “trade” and “free trade,” please let me know. You spend a lot of time railing about them, but I never see who they are.
They kept us from building the U.S.S.R. into an economic power. "The Greatest Generation" was still in charge back then and they told the "free traders" not only no but hell no! you are not "free tradin'" our wealth to the commies!
To wit, there were internationalist "free traders" and just plain com-symps during the time of the Soviet Union. These "Americans" wanted to help the "moderates" in the Soviet Union build the Soviet economy; if we did not help the "moderates" we would be playing into the hands of the hardliners, there will war and it will be our fault, they said.
The internationalist "free traders" were absolutely wrong back then and this generation of "free traders" were wrong, IMO, to enable Red China -- though with the corruption and all plus lacking a domestic market for two-thirds of their population may, hopefully, lead to the Chi-coms downfall. In that case the internationalist "free traders" will be geniuses -- unless what follows is worse than the Chi-coms. :)