[-] BigBrainEngels@hexbear.net 3 points 1 month ago

The issue is that transitioning to a consumption economy and increasing the purchasing power of Chinese workers requires raising wages and will sharply affecting domestic production, which in turn hurts exports. This is a problem that all private economies encounter and was historically a driving force of Imperialism. China has a pressure to begin exporting capital abroad to produce goods for cheaper and cheaper as their own workers benefit from cheap commodities and an increase in living standards.

BigBrainEngels

joined 1 month ago