- cross-posted to:
- bloomer@hexbear.net
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I happen to live somewhere with a currency that has about a 1:1 exchange rate with the RMB. All those videos where Chinese people talk about how ridiculously little they pay for food and rent and transportation and cars and everything else are really relatable in a “why do I have to pay four times as much for things that are much shittier?” kind of way.
what do you mean 57 middlemen and an owner skimming profit just makes things cost more? what about capitalist efficiency, sweaty
The free market ensures that consumers will have to pay the lowest price the market can sustain: a 30% profit markup at every level of exchange.
You know it’s jover when the NYTimez and WSJ start putting out articles about the US failing hard behind China.
Yeah im going to need my Western comrades to fucking stop talking about China’s objective victory because I really need another 10-20 years to dump all my money into the Chinese stock market while it’s still hilariously undervalued in USD
Waiting for all the “the US is going to collapse any day now” articles like they did all the time for China
Do you think China has a little cottage industry for “US collapsing soon” pieces?
Yeah but what is their “answer” gonna be?
Better privatize everything and do another round of austerity cuts, I guess.
Under the name of abundance
Surely deregulation will work this time!
Who is “we”
Mr. Rattner, a contributing Opinion writer, served as counselor to the Treasury secretary in the Obama administration.
finance capital
Who’s we motherfucker!?!?!