China has made US investors its bitch. Blackrock is a subservient pawn to the CCP. The bastards on Wall Street and the retarded CEOs (read, ALL CEOs) have built an economy so dependent on Chinese manufacturing that China could crush the US by stopping all pharmaceutical exports to the US.
The US is in an economic cold war with China, though US politicians and the elite seem to be more than happy to bend over for Chinese funny money. They have no problems allowing China to destroy the environment around the world as long as the pooh-bucks keep rolling in.
China could crush the US by stopping all pharmaceutical exports to the US.
That's nonsense. China is only a minority of US pharma imports, and even that is only for generics, which are very low profit margin since they can be made by anyone, and consequently super easy to replace with other countries. All US pharma imports from China could be easily replaced by India, for example. The US imports a lot from China, India, Mexico, and Canada. China has no special pharma leverage over the US.
though US politicians and the elite seem to be more than happy to bend over for Chinese funny money.
That is changing. Biden has not repealed Trump's tariffs against China, and Pelosi visited Taiwan. While the Democrats are generally soft on China, a Republican will win in 2024 and I expect him to crack down on China.
China has made US investors its bitch. Blackrock is a subservient pawn to the CCP. The bastards on Wall Street and the retarded CEOs (read, ALL CEOs) have built an economy so dependent on Chinese manufacturing that China could crush the US by stopping all pharmaceutical exports to the US. The US is in an economic cold war with China, though US politicians and the elite seem to be more than happy to bend over for Chinese funny money. They have no problems allowing China to destroy the environment around the world as long as the pooh-bucks keep rolling in.
That's nonsense. China is only a minority of US pharma imports, and even that is only for generics, which are very low profit margin since they can be made by anyone, and consequently super easy to replace with other countries. All US pharma imports from China could be easily replaced by India, for example. The US imports a lot from China, India, Mexico, and Canada. China has no special pharma leverage over the US.
That is changing. Biden has not repealed Trump's tariffs against China, and Pelosi visited Taiwan. While the Democrats are generally soft on China, a Republican will win in 2024 and I expect him to crack down on China.