Syndicate project snapchat5/29/2023 So, here we are: As America’s new cold war threatens to squeeze Chinese conventional capitalism, China could end the Dark Deal that keeps it tied to US hegemony by mobilizing its homegrown cloud finance and pursuing a growth model that no longer relies on the US trade deficit. As Chinese cloud finance grows, China’s rich and powerful find themselves less and less subject either to the US trade deficit or to US policymakers’ power to regulate Chinese goods passing through their ports. But, whereas the aluminum-sourced dollars depend on a Chinese-produced lump of metal physically migrating to America on the coattails of the US trade deficit, the dollars earned by TikTok in the US do not. Both yield dollars for a Chinese company. Compare a ton of aluminum shipped from Shanghai to Los Angeles to targeted advertisements peddled to Americans via TikTok. This amalgamation of China’s Big Tech and finance (cloud finance, for short) is a potential game changer. While streaming music or TV shows, WeChat users do not need to exit the app to send money to anyone within China – or to millions outside of China who have downloaded WeChat and opened a renminbi account with any number of Chinese banks. Now stop imagining: This is what WeChat, Tencent’s mobile messaging app, already offers its users, who exchange more than 40 billion messages daily. Then, roll onto the same platform Skype, WhatsApp, Viber, and Snapchat, add e-commerce platforms like Amazon, Spotify, Netflix, Disney+, Airbnb, Uber, and Orbitz, and throw in PayPal, Charles Schwab, and every Wall Street bank’s app. Imagine bundling Google, Facebook, Twitter, Instagram, and YouTube in a single application. Whereas conglomerates like Apple can do very little to decouple from China without being ruined in the process, China has a risky but real alternative: deploy its homegrown fintech industry to insulate itself from America’s hostile measures. Whatever America’s rationale for targeting China, the cold war that the US launched under former President Donald Trump and escalated under President Joe Biden has placed enormous pressure on US conglomerates and the Communist Party of China alike to think beyond the Dark Deal which had hitherto been central to their respective interests. Without the dollar’s global reign, America’s de-industrialization would not have accelerated, and Chinese capitalists would not have been able to extract colossal surplus value from Chinese workers and stash it in America’s rentier sector. The longevity of America’s global supremacy is, therefore, fully intertwined with China’s dilemma and, in a roundabout way, with America’s toxic domestic politics, which reflect the hollowing out of its working and middle classes. It ensured that the dollar’s supremacy was just as functional to the interests of US rentiers as it was to Chinese capitalists. Once this process got underway, America shifted much of its industrial production to our shores.” For nearly a half-century, the Dark Deal allowed China to convert its excess production – or net exports – into rights over property and rents in the US. In return, our capitalists invest the bulk of their dollar superprofits into America’s FIRE. “Our Dark Deal,” a Chinese official once explained to me, “turns on the US trade deficit, which keeps demand for our manufactures high. A prime example is the “Dark Deal,” which underpinned China’s economic miracle prior to the new cold war with the United States. Rent a home near city's most famous school that is NumberNagar SMV Layout Centre, Kidzee Day care and Pre school, and Kidzee Ullal Pre school.ATHENS – True hegemons prevail not by force but by offering hard-to-resist Faustian bargains. Some of the very well-known and reputed speciality hospitals like Vijaya Nethralaya Super Specialty Eye Hospital, Fortis Hospital, and Sahana Rehabilitation Center are just a walk away from this location. 6 months months lock-in period will be part of rent agreement. Your search for rented home at Visveshwaraya Layout ends here. Affordable rental property available in Annapurneshwari Nagar, check out now. More About This Property Rent property in the heart of Bengaluru city. Use coupon code SAVCC2021 at the time of booking to get a special discount from us. We help you with seamless move-in and move-out, provide 24x7 Safety & Security helpline and home-maintenance services at lowest costs. Bigger Homes, Lower Rents! Book this home with Nestaway, India's largest home-rental platform & join more than 2 lakh Indians who have found a home through us.
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