Answer: Deng and the CPC navigated the contradictions of domestic/international, for-profit/for-people, bourgeoisie/proletariat, proletariat/peasant, national-enrichment/international-extraction and developed a successful strategy of incentivizing the international bourgeoisie to give up monopoly ownership of industry through deindustrialization, ensuring seki
I guess we’ll see how post-Covid de-globalization of supply chains + China’s rapidly snowballing population/labor supply crisis affects their ability to continue to be legitimately competitive in the international market.
I expect, on the Sino-side, increased cost of labor, increased cost of manufacturing, and decreasing monopolization of various industries as mid-skilled countries like Mexico ramp up their own industrialization.
Edit: did I hit a nerve? Lol
Have you watched the video though?
Please have some solid knowledge before posting/engaging
All these people’s observations pivot on the assumption that China’s edge as a manufacturing power house is centred on its cheap labour. Coupling with the demographic changes, increasing wages, labour shortages in low level factory work, other Global South countries will become formidable competitors to China. But it is far from truth. China is now prioritising on high level manufacturing and it doesn’t mind some factories shifting to other countries. And no other country can match China’s edge in manufacturing in next 20 years. Building state of the art factories creating proficient work force, massive supply chain network is not easy to build from scratch.For an eg: All the small and big components that goes into manufacturing something like a electric device has to be imported in the case of other countries, but in China is just right next to the assembly factory. That kind of maturity in manufacturing is not build in a whim. It knows the challenges but other than China no other country can adapt this fast to changes with out becoming a imperialist or Neo-colonists. Yes, China is going to be uprooted as the manufacturing power house very soon, all we need is to cope and seeth little harder.
It’s entirely pointless to look at these conditions through the lens of liberalism and its inability to solve socio-economic problems, when the people actually faced with these problems look at them and are addressing them via the tried and true tools provided by ML and SWCC.
