That’s because the Chinese experience was very peculiar. When American and European investors and industry giants went abroad to outsource manufacturing, they brought in the capital and left with the profits. But the capital, and technology or knowledge, never spread in the colonies or neo-colonies. When China “opened up”, they were real clever about it. They said: “sure, you can open your factories here where there is an abundance of cheap labor. But in exchange, we want the knowledge and technology”. And since opening up China to foreign capital has been the wet dream of capitalists and proto-capitalists for the past several hundreds of years, they accepted the deal. So China was left with the know-how to be able to set-up their own national industries. And the profits of exporting manufactured goods was used for strategic industries and infrastructure, unlike most colonial and neo-colonial experiences where the profits are just pocketed by a national bourgeoisie.
And the profits of exporting manufactured goods was used for strategic industries and infrastructure, unlike most colonial and neo-colonial experiences
that’s because most colonial/neo-colonial experiences are about raw resources extrativism
where the profits are just pocketed by a national bourgeoisie.
There sure are billionaires in China. But they don’t control the political structure like the billionaires do in the US. They are controlled by the political structure. When has it been the last time the US or EU executed a billionaire for harming the environment?
That’s because the Chinese experience was very peculiar. When American and European investors and industry giants went abroad to outsource manufacturing, they brought in the capital and left with the profits. But the capital, and technology or knowledge, never spread in the colonies or neo-colonies. When China “opened up”, they were real clever about it. They said: “sure, you can open your factories here where there is an abundance of cheap labor. But in exchange, we want the knowledge and technology”. And since opening up China to foreign capital has been the wet dream of capitalists and proto-capitalists for the past several hundreds of years, they accepted the deal. So China was left with the know-how to be able to set-up their own national industries. And the profits of exporting manufactured goods was used for strategic industries and infrastructure, unlike most colonial and neo-colonial experiences where the profits are just pocketed by a national bourgeoisie.
that’s because most colonial/neo-colonial experiences are about raw resources extrativism
there quite a few billionaires in China
There sure are billionaires in China. But they don’t control the political structure like the billionaires do in the US. They are controlled by the political structure. When has it been the last time the US or EU executed a billionaire for harming the environment?
Holup. So they did it for the experience and that’s working for them?
Yeah na
Every time a factory opens in 3rd world the knowledge partially stays.