Corinne Nita
Feb 12, 2022

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They didn't steal US manufacturing. Free-trade and deregulation allowed US companies to outsource to China for cheaper production costs, and they aren't throwing money around. They're investing in infrastructure to improve global trade routes.

The West impoverished and intervened in Latin America and Africa to gain control of natural resources. This stripped the nations' wealth and sovereignty, and there wasn't anything they could do about it until now.

China offers nations leverage, and the West won't have the authority it once had. It will have to compete for trade deals instead of exploiting nations, and this will financially impact all of us.

US economic hegemony will end, and if this is what a "new world order" entails, then yes. There will be a lot of change.

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Corinne Nita
Corinne Nita

Written by Corinne Nita

We need the social with the science to call it economics.

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