China’s doing this capitalism thing way better than the west. We should really learn from them. For example if the US abolished auto unions and increased manufacturing subsidies, they could lower wages and deliver cars for more competitive prices instead of having to rely solely on tariffs on Chinese EVs.
Purchasing power in China goes much farther, real wages are much higher than 3 euro equivalent, and that’s for minimum wage, not median. High working hours in office work are a problem to work on, yes, but not one with no signs of improvement. The PRC is a socialist economy with heavy union presence. The large firms and key industries are publicly owned, ie public ownership is the principle aspect of the economy. The US Empire can’t compete with China because it hollowed out its own industry in favor of outsourcing it and imperializing the global south.
Not to mention you don’t really need slavery when your minimum wage is like 3 euros an hour and unpaid overtime is the norm anyway, at least in office work
China’s doing this capitalism thing way better than the west. We should really learn from them. For example if the US abolished auto unions and increased manufacturing subsidies, they could lower wages and deliver cars for more competitive prices instead of having to rely solely on tariffs on Chinese EVs.
Purchasing power in China goes much farther, real wages are much higher than 3 euro equivalent, and that’s for minimum wage, not median. High working hours in office work are a problem to work on, yes, but not one with no signs of improvement. The PRC is a socialist economy with heavy union presence. The large firms and key industries are publicly owned, ie public ownership is the principle aspect of the economy. The US Empire can’t compete with China because it hollowed out its own industry in favor of outsourcing it and imperializing the global south.