China develops deep-sea cable-cutting device with global implications

[Alfatawi Mendel]

Bring the jobs back home and match them tariff for tariff and China's regime will implode. We're already seeing the first round of death throes..just gotta keep ratcheting up the pressure.

"Bringing the jobs back home" means VERY expensive US - made products. (and often sub-standard).

 

[Sky High]

I don't see this as particularly dangerous considering China also has enough nuclear weapons to end the human race ready to go at a moments' notice. I can live with cable cutting. I can't live while being melted by a white hot flash.

China doesnt have enough nukes for that.

USA does

 

[JohnRambo4]

Ridiculous article. There's nothing new about cutting cables. And Western nations are the absolute WORST cable cutters.

...

Wtf

 

[wizardB]

Except in China, where Russian domestic products are popular and are increasingly more sought after. The market is huge and growing rapidly.

Our egos should not allow us to forget how massive and powerful these nations are, they are not to be pooh poohed away.

Public sentiment towards Russia in China is positive, where towards the US it is negative. Yes we have to be aware but not because they are foolish, lest we make fools of ourselves by underestimating them and their alliance.

China is on the verge of bankruptcy, they have massive accumulated debt that is all back by governments and real estate that is becoming worthless.

 

[RudyBob]

China is not a friend to the world

 

[JuanDegr]

Next Corona: without Internet

 

[jeffbert]

China is on the verge of bankruptcy, they have massive accumulated debt that is all back by governments and real estate that is becoming worthless.

I do not understand how a communist economy can falter. The all-powerful government says money is worth x; and so it is. Anybody not agreeing goes bye-bye, and is never seen again.

Though, I could be wrong.

 

[opckieran]

I do not understand how a communist economy can falter. The all-powerful government says money is worth x; and so it is. Anybody not agreeing goes bye-bye, and is never seen again.

Though, I could be wrong.

China, Russia, even North Korea have Black Markets. Any economy (and currency) are only good as its participants. Any perceived lack of stability in a currency is going to drive the global exchange rate of that currency down. So when a government tries to mess with its currency, it becomes less reliable to anybody holding said currency. In fact we've seen examples in history of government actions hyper-inflating their currencies to the point where their notes were worthless, and actually used as kindling.

 

[Cabuzzi]

I do not understand how a communist economy can falter. The all-powerful government says money is worth x; and so it is. Anybody not agreeing goes bye-bye, and is never seen again.

Though, I could be wrong.

I guess you missed the historical failures of every single communist/socialist economies in the past (sans China.... yet).

I'm guessing they're conveniently removing those from the history books, though.

 

[jeffbert]

China, Russia, even North Korea have Black Markets. Any economy (and currency) are only good as its participants. Any perceived lack of stability in a currency is going to drive the global exchange rate of that currency down. So when a government tries to mess with its currency, it becomes less reliable to anybody holding said currency. In fact we've seen examples in history of government actions hyper-inflating their currencies to the point where their notes were worthless, and actually used as kindling.

Oops, I was thinking only in terms of domestic economy. Obviously, if the nation is involved in international trade, etc., it is an entirely different thing.

I wonder if during the early days of the USSR, any other nations were none too eager to trade with it? Would they just say, oh well, **** happens. Might as well trade with the USSR? More likely, they might fear communist uprisings in their own nations, & shun the USSR? I confess [not because the Spanish Inquisition threatens me with the comfy chair] that I had not exactly studied the early USSR. Seen stuff on The History channel, but remember not much about that.

 

[Cabuzzi]

Oops, I was thinking only in terms of domestic economy. Obviously, if the nation is involved in international trade, etc., it is an entirely different thing.

I wonder if during the early days of the USSR, any other nations were none too eager to trade with it? Would they just say, oh well, **** happens. Might as well trade with the USSR? More likely, they might fear communist uprisings in their own nations, & shun the USSR? I confess [not because the Spanish Inquisition threatens me with the comfy chair] that I had not exactly studied the early USSR. Seen stuff on The History channel, but remember not much about that.

Early USSR is very similar to early post-Mao China. On paper, communism (and the later focus on socialism) looks appealing... especially to the have-nots. Any switch to that form of government is going to be very, very violent. Additionally, people as a whole will never truly stratify. You're asking people who excel and contribute more to society to accept the same reward as someone who picks up trash on a freeway. Ironically, that's not why socialist/communist societies/economies fall apart... it is the rampant corruption. People in power have more than the lowly person does even though they shouldn't, which strains access to the things the regular person is guaranteed by the socialist/communist economy (like bread, and standing in bread lines). This typically leads to black markets as well.

Anyway, you can tell I'm anti-socialism, lol.

 

[Northy]

China is on the verge of bankruptcy, they have massive accumulated debt that is all back by governments and real estate that is becoming worthless.

If we use debt as the metric the world is on the verge of bankruptcy, we owe many more times than what physically exists and it's compounding. Apparently things can't grow infinitely in a finite space, despite popular economic theory.

 

[Northy]

China, Russia, even North Korea have Black Markets. Any economy (and currency) are only good as its participants. Any perceived lack of stability in a currency is going to drive the global exchange rate of that currency down. So when a government tries to mess with its currency, it becomes less reliable to anybody holding said currency. In fact we've seen examples in history of government actions hyper-inflating their currencies to the point where their notes were worthless, and actually used as kindling.

China is more than aware of the trading power of its currency and has deliberately deflated it for decades to maintain an upper hand in trading. They've been getting away with it, and only now with heavy tariffs will they be forced to change their position.

Of course everything else is being thrown into disarray as well. The post pandemic hyper capitalism orgy is coming to a close. It's hard to tell if it's going to be good or bad long term yet.