"The U.S.-China confrontation is not simply a national rivalry, but a conflict of economic and social systems.... From today’s U.S. vantage point... China and Russia are existential threats to the global expansion of financialized rentier wealth. Today’s Cold War 2.0 aims to deter China and potentially other counties from socializing their financial systems, land and natural resources, and keeping infrastructure utilities public to prevent their being monopolized in private hands to siphon off economic rents at the expense of productive investment in economic growth. The United States hoped that China might be as gullible as the Soviet Union and adopt neoliberal policy permitting its wealth to be privatized and turned into rent-extracting privileges, to be sold off to Americans."
Quote Details
Added by wikiquote-import-bot
Unverified quote
0 likes
Original Language: English
Available Languages (1)
Sources
Michael Hudson, America’s Neoliberal Financialization Policy vs. China’s Industrial Socialism, (14 April 2021)
https://en.wikiquote.org/wiki/China
Revision History
No revisions have been submitted for this quote.
Categories
China
132 quotes on TrueQuotesView all quotes by China →
Related Quotes
"Asia now stands at the dawn a new history of civilization to create its own future, finally emerging from the long tu…"
"The great rejuvenation of the Chinese nation will definitely be accompanied by the thriving of Chinese culture."
"[N]early every political evil can be found on display in China: slavery, discrimination, religious persecution, xenop…"
"We are also seeing a diffusion of power and competition at the nation state level. This competition comes not just fr…"
"As a foreign literature it is studied also by the Coreans, the Japanese, and the Annamites; and it may therefore be q…"
"The Chinese are industrious, courageous, honest, and intelligent. They created the splendid ancient Chinese civilizat…"
"Let us now pause to take stock of some of the results which have accrued from the operation and influence of Confucia…"
"All this saber-rattling is despicable. Neither Russia nor Iran threaten the U.S. and there is no reason why the U.S. …"
"So far, the world economy, particularly Australia and the United States, have benefited greatly from Chinese economic…"
"When China sends its students to the United States, especially when it sends central bankers and planners to the Unit…"