That won’t change the policy going forward because whoever replaces her will represent the same business interests she does. China is the only major growing economy, and EU economies are shrinking. They can’t afford not to work with China going forward.
I think this will be a similar geopolitical realignment to the one we saw after WW2 with US holding all the cards while all the other major economies were devastated.
Agreed. German car companies are making a huge percentage of their sales in China, and they dont want to lose that. And the car companies are very powerful politically. So China keeps them happy by doing business, and avoids direct confrontation. Really a great strategy.
Yeah, it’s amazing how capitalists have no choice but to pursue strategy that’s counter to their long term interest. It’s a version of prisoner’s dilemma for them. Unless all the companies agreed unanimously to pull out of China then no companies can afford to do so.
That won’t change the policy going forward because whoever replaces her will represent the same business interests she does. China is the only major growing economy, and EU economies are shrinking. They can’t afford not to work with China going forward.
I think this will be a similar geopolitical realignment to the one we saw after WW2 with US holding all the cards while all the other major economies were devastated.
Agreed. German car companies are making a huge percentage of their sales in China, and they dont want to lose that. And the car companies are very powerful politically. So China keeps them happy by doing business, and avoids direct confrontation. Really a great strategy.
Yeah, it’s amazing how capitalists have no choice but to pursue strategy that’s counter to their long term interest. It’s a version of prisoner’s dilemma for them. Unless all the companies agreed unanimously to pull out of China then no companies can afford to do so.
Makes sense