cross-posted from: https://lemm.ee/post/41305880
No you see China’s economy has to be failing, if it isn’t then it would be a good market to find businesses to invest in. If a large enough segment of the small capitalists – for whom the great superstructure of American cultural reproduction is geared toward – began investing heavily in Chinese industry and saw large enough roi, they would structurally oppose anti-Chinese domestic policy. Not to mention other economic consequences like creating a more robust and durable class of small capitalists. If small capitalists felt greater economic security as a result of Chinese investment, it would damage not only the foreign policy aims (war) of a large segment of the ruling class who wants to destroy Chinese (lets call it) political republicanism and raid it for its resources and labor a la early 90s Russia; it would also threaten ideological temperament of small capitalists who inform aspiring small capitalists and legions of lumpen workers, who always feel the pressure of capitalism’s natural tendency to crush their classes during economic downturns. If these layers don’t feel threatened by China, if the west can’t successfully blame them for problems we created, then those layers whose exploitation is so crucial to the various profitability schemes of the ruling class might be more amenable to social democracy or maybe even socialism.
The hate that westerners feel toward China is part fear that we will lose our social status, and part hatred of the conditions that allow Chinese markets to operate successfully and independently of our ruling class. Therefore, the Chinese economy must collapse, any day now…
Ideology is a hell of a drug