Comments by "The English Channel" (@OnlineEnglish-wl5rp) on "Why China Could Ruin European Industry" video.

@lps8966 The hard truth being what exactly? Europeans and Americans have spent 100 years developing the car industry, China's copied everything and now acts like its superior? Why do the Koreans and Japanese not behave like this despite excelling in that field?
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Of course, it's not in their self interest for this to happen, particularly given the political dimensions. It's why all the Chinese nationalists are getting excited under this video. Europeans were fine with Japanese and Korean cars.
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@ArawnOfAnnwn You've already been corrected elsewhere about the Plaza Accords
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@dasamkoo2012 Japan and Korea, especially Japan, have precisely no reason at all to ally themselves with a historic enemy of that size. You guys are so eaten up about America that you forget that countries also choose their allies. The Japanese are not being forced by the Americans to rearm like they are. They are doing so for their own reasons. The Koreans have the small matter of North Korea to contend with and behind them stand the Chinese So, as I said it's not in the interests of anyone in that bloc to allow China to become too dominant. This is just the way of the world But back to the main point: why would European producers willingly give up market share?
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So why did the Koreans use protectionism? And why don't the Chinese fully open their economy like the West did for so long? Why don't you bring in even cheaper labour for example? The answer is it wouldn't be in your self interest to do so. Why then shouldnt Europe pursue its own self interest?
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@amandagrant4331 Who doesn't? There is endless internal discussion in Europe. You're just projecting your own obsession with the West
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@xiphoid2011 So Germany and Japan didn't become two of the richest countries in the world through their own manufacturing success? Britain wasn't the richest country in the world as a result of its scientific and industrial revolutions - "the workshop of the world"? Have you ever tried engaging with history???
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@pipiqiqi4010 Yes because they're acting in their self interest. Just as you Chinese do all the time. If you didn't need to buy VW, you wouldn't have. I've had long enough experience with Chinese people to know that I would never ever want you to have any leverage over me whatsoever
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@GGY-yh6li To what extent, if any, does the real estate / non-banking financial system debt impact on this plan? Reduced consumer demand. Anything else?
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@FullPerspective Africa and South America are poor for reasons which go beyond exploitation, yes.
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@ruemignon The point they were making was about foreign competition. In any case, it's s not in Europe's interests to lose market share to China
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monipenny408 Which wars have the EU started? America is involved in Ukraine, the Europeans only a minor role China of course has plenty of money for the second biggest defence budget in the world and plans to invade Taiwan
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@amandagrant4331 They started to realise that the Chinese would never open up their economy like the West has
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Yes, it's called protecting their self interest. Just as the Chinese do. Just as the Koreans used protectionism. Globalisation actually only really benefitted Western corporate elites. You might note that the Chinese have never opened up their economies like the West has Would you like to see Western countries fall? ; )
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@skydivekrazy76 Remind us who was it who first introduced "forced theft"? Oh yes it was the wealthy who used the State to enrich themselves. It's funny how the private property guys didn't object to taxes when they just funded the coercive parts of the state like the police and the military. Once they started being used to help ordinary people, the claws came out
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Protectionism was how Korea built its economy. It sounds like the Chinese fear losing market share... Yet of course they would always ruthlessly protect their own markets if necessary
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@ArawnOfAnnwn Indeed. Good comment
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LOL says the Chinese who've cultivated an epic grudge and victim complex about the West for things which happened over 150 years ago
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@Lee-pf6od The Chinese want all the benefits of globalisation but would NEVER open their economy up to Western or other foreign money like they have taken advantage of around the world. They ruthlessly pursue their own self interest and it's perfectly normal that Europe should what it takes to protect theirs.
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The issue in many of the markets you mention will be whether they have the grid capacity to keep EVs running. Some of those places are not exactly famous for reliable infrastructure
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@jeanhuynh8548 Oil rich Abu Dhabi - which itself is run by foreigners - is not Latin America or Africa
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Economic inequality in Europe hasn't been higher since before the war. The corporate class has had a field day since the end of the Cold War and it's they who are responsible for outsourcing so much of Europe's productive capacity. Ditto in America. They've absolutely gutted their own countries and created vast social problems, especially in America and Britain. China's advantage lies in having a huge population where they can promote such a culture.
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@xiphoid2011 When the USSR and China were state socialist, the West was also social democratic and had far better living standards for everyone without the huge social problems that exist today. Your thinking is actually extremely reductive and you're basically shilling for the corporate class which has sold the West out.
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@logician3641 Yes, we don't want to be like America where you allow people to sleep in their cars, have tent cities and for people to bankrupt themselves to pay their medical bills. "Land of the free"? "Home of the brave"? Land of the s---t upon from a very great height
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@xiphoid2011 I bet you're about 19 and are a libertarian. What's wrong with using Russian gas? You're all for free trade arent' you?
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monipenny408 Who's "blaming"? The world doesn't work in this silly infantile way. The Europeans are losing market share. It's not in their interests to let that continue.
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@GGY-yh6li We're talking about private debt here. The balance sheet for non-banking financial sector debt is astronomical. It cannot be written down without enormous pain. And I know that because it's exactly what happened in the West in 2008 Having lived in China I am not particularly sympathetic to the place but I take precisely zero pleasure in this situation because it is not going to end well and that will impact on all of us.
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@GGY-yh6li We live in a globalised world with all kinds of deep interconnections through trade. China will, for example, stop selling medicine to the West
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@FullPerspective Shouldn't what?
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@ArawnOfAnnwn Of course it copied everything. It has adopted all the knowledge, science, engineering, production techniques etc etc first invented in the West and then developed in Korea and Japan. And it has engaged in epic levels of IP theft. If you think I'm being petty, just dip your toes in the waters of Chinese nationalism. Their country produces one little innovation like say Wechat, Musk seeks to imitate it and the Chinese all crow about it. It's pathetic
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@FullPerspective They're exploited principally by their own elites. I've been to South America four times spending over a year in total there. The US could have nothing to do with the place and their local elites and middle classes would still have the same views.
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@polysporin8332 It's taken vast amounts of Western IP, you mean. It's also taken the insane financial practices pioneered by Western banks and blown an epic ponzi scheme
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@wangyaohan8824 You know what's also risky? Allowing non-banking financial vehicles to create exponential amounts of loans via fiat currency and blowing an astronomical housing bubble. Like China has done. And it's not as if it couldn't be seen how this would play given what happened in the West in 2008
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@wangyaohan8824 Yeah well if they crater the Chinese economy, the knock effects will be felt everywhere But tell me again about your theories of human nature vs innovation? You were saying welfare states inhibit innovation but haven't explained why countries without welfare states are still dumps?
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@FabioCapela Well, forgive me if I don't hold my breath about Africa Re Latin America, I guess we'll just have to see what happens with the Chinese debt bubble and geopolitics
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@FabioCapela You're the go-to guy for information about Chinese EV cars in Latin America!!!
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@FabioCapela Are you hoping the Chinese overtake the Americans / Europeans?
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@FabioCapela Which country are you from?
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@FabioCapela You're from Brazil, aren't you. I've been to Brazil twice and Latin America four times. I am not a supporter of US foreign policy but it is nonsense to suggest that the military dictatorships there were solely Washington's fault. I know enough middle class Brazilians and Latins to know how they view their own working classes, indigenous and blacks I've also lived in China and worked for Chinese employers for six years. So I am very familiar with how they behave once they have power over you. The Chinese will be nicey nicey while they want something "win win cooperation" blah blah. And when they have leverage over you, they will bend you over just like the US would
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You only have to see how they treat their minorities to understand that. I went to China completely open minded and skeptical of Western media claims. It was when I taught Uyghur girls who'd been separated from their families aged just 12 and worked with Han colleagues who boasted about only failing minority students that I started to see how that empire works. Let's be honest: a lot of the online anti-Western army are really motivated by resentment. They know the West made the modern world and it eats them up
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@taijistar9052 Well the EU is facing many internal problems so obviously it's not in its interests to lose out further There is NO morality or fairness in these things. And if the situation were reversed and it was China in this position, they would behave EXACTLY the same. Because the Chinese are one of the most ruthlessly self-interested people on planet earth
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@xiphoid2011 It's not even true that China is just as capitalist as the US. China has huge state owned companies and a plethora of state-owned banks which guarantee cheap loans to the economic sectors China wants to develop. Honestly, you talk nonsense to make yourself feel better
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