Or perhaps the end of the beginning, if you’re a little more pessimistic.


Image is from this Bloomberg article, from which I also gathered some of the information used in the preamble.


While Trump was off in the Middle East in an incompetent attempt to solve a geopolitical and humanitarian crisis, China has been doing something much more productive.

Chinese officials, including Xi Jinping, had a summit with CELAC (a community of 33 Latin American and Caribbean countries). There, he promised investment, various declarations of friendship, and visa-free entry for 30 days for citizens of Brazil, Argentina, Chile, Peru and Uruguay. Lula signed over 30 agreements with China. Colombia is joining the New Development Bank and hopes to gain the money for a 120-kilometer railway connecting the Atlantic and Pacific coasts as an alternative route to the Panama Canal. Even Argentina, ruled by arch-libertarian and arch-dipshit (but I repeat myself) Milei, was uncharacteristically polite with China as he secured a currency swap renewal to shore up their international reserves.

It wouldn’t really be correct to say that Latin America is “siding with China over the US” - leaders in the region will continue to make many deals with America for the foreseeable future, and even Trump’s bizarre economic strongman routine won’t make them break off economic and diplomatic relations. What’s significant here is that despite increasing American pressure for those leaders to break off all ties with China, few appear to be listening - and given that China is perhaps the most important economy on the planet right now, that is a very predictable outcome.

As the current American empire takes actions to try and avoid their doom, those very actions only guarantee it. As Latin America grows ever more interconnected with China and continues to develop, America will grow ever more panicked and demanding, and this feedback loop will - eventually - result in the death of the Monroe Doctrine.


Last week’s thread is here. The Imperialism Reading Group is here.

Please check out the RedAtlas!

The bulletins site is here. Currently not used.
The RSS feed is here. Also currently not used.

Israel-Palestine Conflict

If you have evidence of Israeli crimes and atrocities that you wish to preserve, there is a thread here in which to do so.

Sources on the fighting in Palestine against Israel. In general, CW for footage of battles, explosions, dead people, and so on:

UNRWA reports on Israel’s destruction and siege of Gaza and the West Bank.

English-language Palestinian Marxist-Leninist twitter account. Alt here.
English-language twitter account that collates news.
Arab-language twitter account with videos and images of fighting.
English-language (with some Arab retweets) Twitter account based in Lebanon. - Telegram is @IbnRiad.
English-language Palestinian Twitter account which reports on news from the Resistance Axis. - Telegram is @EyesOnSouth.
English-language Twitter account in the same group as the previous two. - Telegram here.

English-language PalestineResist telegram channel.
More telegram channels here for those interested.

Russia-Ukraine Conflict

Examples of Ukrainian Nazis and fascists
Examples of racism/euro-centrism during the Russia-Ukraine conflict

Sources:

Defense Politics Asia’s youtube channel and their map. Their youtube channel has substantially diminished in quality but the map is still useful.
Moon of Alabama, which tends to have interesting analysis. Avoid the comment section.
Understanding War and the Saker: reactionary sources that have occasional insights on the war.
Alexander Mercouris, who does daily videos on the conflict. While he is a reactionary and surrounds himself with likeminded people, his daily update videos are relatively brainworm-free and good if you don’t want to follow Russian telegram channels to get news. He also co-hosts The Duran, which is more explicitly conservative, racist, sexist, transphobic, anti-communist, etc when guests are invited on, but is just about tolerable when it’s just the two of them if you want a little more analysis.
Simplicius, who publishes on Substack. Like others, his political analysis should be soundly ignored, but his knowledge of weaponry and military strategy is generally quite good.
On the ground: Patrick Lancaster, an independent and very good journalist reporting in the warzone on the separatists’ side.

Unedited videos of Russian/Ukrainian press conferences and speeches.

Pro-Russian Telegram Channels:

Again, CW for anti-LGBT and racist, sexist, etc speech, as well as combat footage.

https://t.me/aleksandr_skif ~ DPR’s former Defense Minister and Colonel in the DPR’s forces. Russian language.
https://t.me/Slavyangrad ~ A few different pro-Russian people gather frequent content for this channel (~100 posts per day), some socialist, but all socially reactionary. If you can only tolerate using one Russian telegram channel, I would recommend this one.
https://t.me/s/levigodman ~ Does daily update posts.
https://t.me/patricklancasternewstoday ~ Patrick Lancaster’s telegram channel.
https://t.me/gonzowarr ~ A big Russian commentator.
https://t.me/rybar ~ One of, if not the, biggest Russian telegram channels focussing on the war out there. Actually quite balanced, maybe even pessimistic about Russia. Produces interesting and useful maps.
https://t.me/epoddubny ~ Russian language.
https://t.me/boris_rozhin ~ Russian language.
https://t.me/mod_russia_en ~ Russian Ministry of Defense. Does daily, if rather bland updates on the number of Ukrainians killed, etc. The figures appear to be approximately accurate; if you want, reduce all numbers by 25% as a ‘propaganda tax’, if you don’t believe them. Does not cover everything, for obvious reasons, and virtually never details Russian losses.
https://t.me/UkraineHumanRightsAbuses ~ Pro-Russian, documents abuses that Ukraine commits.

Pro-Ukraine Telegram Channels:

Almost every Western media outlet.
https://discord.gg/projectowl ~ Pro-Ukrainian OSINT Discord.
https://t.me/ice_inii ~ Alleged Ukrainian account with a rather cynical take on the entire thing.


  • kristina [she/her]@hexbear.net
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    they only let 9 aid trucks into gaza recently. i feel like our one bag of flour that we got in through some friends is kind of impressive when you consider the sheer lack of any food going in. just tragic

  • Lovely_sombrero [he/him]@hexbear.net
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    MMT is correct when it says that the national debt is not really a thing, but what if everyone in power & everyone around them believes that the national debt is a thing? Well, that can be very problematic.

    U.S. economy is experiencing ‘death by a thousand cuts’, says Deutsche Bank, as confidence in national debt management erodes

    The Trump cabinet is currently encouraging Congress to pass this “big, beautiful bill” of tax cuts. Some of this includes an expansion of the 2017 tax cuts, which are due to expire at the end of 2025, with notable additions such as axes to taxes on tips and overtime pay.

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    Today, Israeli authorities issued a displacement order covering 40 neighbourhoods in Khan Younis — an area encompassing most of the governorate, or about 23 per cent of the whole of the Gaza Strip. It is affecting thousands of people and hundreds of humanitarian facilities, including wells, including pumping stations, including health facilities and including schools. Overall, almost half a million people have been displaced across the Gaza Strip since mid-March.

    Daily Press Briefing by the Office of the Spokesperson for the Secretary-General, 2025-05-19 | WebTV recording of the Press Briefing

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        Today, Israeli military issued another displacement order affecting 26 neighbourhoods in Northern Gaza, specifically Beit Lahia, Jabalia and its camp, the affected area spans about 35 square kilometers and represents 10 per cent of the whole area of the Gaza strip

        —Spokesperson of the Secretary-General, 2025-05-20, WebTV recording this was transcribed from.

      • merthyr1831@lemmy.ml
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        We still unconditionally support the military side of the campaign considering our RAF overflights, joint bombings of Yemen, and F-35 parts exports. This is just the bare minimum to keep Starmer out of the Hague.

        The government has argued the last part (F-35 parts) is acceptable as it does not believe Israel is committing genocide. So thats the level of cope the govt is on.

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    The French government wants to build a maximum security prison in the middle of the Amazon jungle in French Guiana. The facility, planned for 2028, will house drug traffickers and Islamic radicals. The proposal has sparked local outrage.

    The prison will be built in Saint-Laurent-du-Maroni, a place marked by memories of former penal colonies, such as the notorious Devil’s Island. The Macron government’s proposal has reignited criticism of the use of Guyana as a penal colony for mainland France. Justice Minister Gérald Darmanin has said that the prison is part of the national strategy to combat drug trafficking and organized crime. But for regional leaders and part of the population, the measure is yet another chapter in the colonial legacy, imposed without dialog.

    • Telegram
  • Redcuban1959 [any]@hexbear.net
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    Brazilian Landless Workers Movement (MST) donated 22 tons of black bean grains to Cuba as part of joint efforts to increase food production through agroecology.

    • Telesur
  • Redcuban1959 [any]@hexbear.net
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    Under Trump, NED to continue weaponizing “democracy” in Venezuela, Nicaragua and Cuba - Kawsachun News

    The brief freeze and rapid partial reinstatement of National Endowment for Democracy (NED) funding in early 2025 helped expose it as a US regime-change tool. Created to rebrand CIA covert operations as “democracy promotion,” the NED channels government funds to opposition groups in Venezuela, Nicaragua and Cuba, meddling in their internal affairs.

    Article

    Regime change on the US agenda

    In 2018, Kenneth Wollack bragged to the US Congress that the NED had given political training to 8,000 young Nicaraguans, many of whom were engaged in a failed attempt to overthrow Nicaragua’s Sandinista government. Wollack was praising the “democracy-promotion” work carried out by NED, of which he is now vice-chair. Carl Gershman, then president of the NED and giving evidence, was asked about Nicaragua’s Daniel Ortega, who had been re-elected with an increased majority two years prior. He responded: “Time for him to go.”

    Seven years later, Trump took office and it looked as if the NED’s future was endangered. On February 12, the Department of Government Efficiency (DOGE) under Elon Musk froze disbursement of its congressionally approved funds. Its activities stopped and its website went blank. On February 24, Richard Grenell, special envoy to Venezuela, declared that “Donald Trump is someone who does not want to make regime changes.”

    Washington’s global regime-change operations were immediately impacted and over 2,000 paid US collaborating organizations temporarily defunded. A Biden-appointed judge warned of “potentially catastrophic harm” to (not in her words) US efforts to overturn foreign governments. The howl from the corporate press was deafening. The Associated Press cried: “‘Beacon of freedom’ dims as US initiatives that promote democracy abroad wither.”

    However, the pause lasted barely a month. On March 10, funding was largely reinstated. The NED, which “deeply appreciated” the State Department’s volte face, then made public its current program which, in Latin America and the Caribbean alone, includes over 260 projects costing more than $40 million.

    US “soft power”

    Created in 1983 under President Ronald Reagan following scandals involving the CIA’s covert funding of foreign interventions, the NED was to shift such operations into a more publicly palatable form under the guise of “democracy promotion.” As Allen Weinstein, NED’s first acting president, infamously admitted in 1991: “A lot of what we do today was done covertly 25 years ago by the CIA.” In short, NED functions as a “soft power arm” of US foreign policy.

    The NED disingenuously operates as a 501©(3) private nonprofit foundation. However, it is nearly 100% funded by annual appropriations from the US Congress and governed mainly by Washington officials or ex-officials. In reality, it is an instrument of the US state—and, arguably, of the so-called deep state. But its quasi-private status shields it from many of the disclosure requirements that typically apply to taxpayer-funded agencies.

    Hence we encounter verbal gymnastics such as those in its “Duty of Care and Public Disclosure Policies.” That document loftily proclaims: “NED holds itself to high standards of transparency and accountability.” Under a discussion of its “legacy” (with no mention of its CIA pedigree), the NGO boasts: “Transparency has always been central to NED’s identity.”

    But it continues, “…transparency for oversight differs significantly from transparency for public consumption.” In other words, it is transparent to the State Department but not to the public. The latter are only offered what it euphemistically calls a “curated public listing of grants” – highly redacted and lacking in specific details.

    NED enjoys a number of advantages by operating in the nether region between an accountable US government agency and a private foundation. It offers plausible deniability: the US government can use it to support groups doing its bidding abroad without direct attribution, giving Washington a defense from accusations of interference in the internal affairs of other countries. It is also more palatable for foreign institutions to partner with what is ostensibly an NGO, rather than with the US government itself.

    The NED can also respond quickly if regime-change initiatives are needed in countries on Washington’s enemy list, circumventing the usual governmental budgeting procedures. And, as illustrated during that congressional presentation in 2018 on Nicaragua, NED’s activities are framed as supporting democracy, human rights, and civil society. It cynically invokes universal liberal values while promoting narrow Yankee geopolitical interests. Thus its programs are sold as altruistic rather than imperial, and earn positive media headlines like the one from the AP cited above.

    But a look at NED’s work in Venezuela, Nicaragua and Cuba suggests very much the opposite.

    Venezuela

    Venezuela had passed an NGO Oversight Law in 2024. Like the US’s Foreign Agents Registration Act, but somewhat less restrictive, the law requires certification of NGOs. As even the Washington Office on Latin America (WOLA) – an inside-the-beltway promoter of US imperialism with a liberal gloss – admits: “Many Venezuelan organizations receiving US support have not been public about being funding recipients.”

    The pace of Washington’s efforts in Venezuela temporarily slowed with the funding pause, as US-funded proxies had to focus on their own survival. Venezuelan government officials, cheering the pause, viewed the NED’s interference in their internal affairs as a violation of Venezuelan sovereignty. In contrast, the US-funded leader of the far-right opposition, Maria Corina Machado, begged for international support to make up for the shortfall from Washington.

    WOLA bemoaned that the funding freeze allowed the “Maduro government to further delegitimize NGOs” paid by the US. Hundreds of US-funded organizations, they lamented, “now face the grim choice of going underground, relocating abroad, or shutting down operations altogether.”

    With the partial reinstatement of funding, now bankrolling at least 39 projects costing $3.4 million, former US senator and present NED board member Mel Martinez praised the NED for its “tremendous presence in Venezuela… supporting the anti-Maduro movement.”

    Nicaragua

    Leading up to the 2018 coup attempt, the NED had funded 54 projects worth over $4 million. Much of this went to support supposedly “independent” media, in practice little more than propaganda outlets for Nicaragua’s opposition groups. Afterward, the NED-funded online magazine Global Americans revealed that the NED had “laid “the groundwork for insurrection” in Nicaragua.

    One of the main beneficiaries, Confidencial, is owned by the Chamorro family, two of whose members later announced intentions to stand in Nicaragua’s 2021 elections. The family received well over $5 million in US government funding, either from the NED or directly from USAID (now absorbed into the State Department). In 2022, Cristiana Chamorro, who handled much of this funding, was found guilty of money laundering. Her eight-year sentence was commuted to house arrest; after a few months she was given asylum in the US.

    Of the 22 Nicaragua-related projects which NED has resumed funding, one third sponsor “independent” media. While the recipients’ names are undisclosed, it is almost certain that this funding is either for outlets like Confidencial (now based in Costa Rica), or else is going direct to leading opponents of the Sandinista government to pay for advertisements currently appearing in Twitter and other social media.

    Cuba

    In Latin America, Cuba is targeted with the highest level of NED spending – $6.6 million covering 46 projects. One stated objective is to create “a more well-informed, critically minded citizenry,” which appears laughable to anyone who has been to Cuba and talked to ordinary people there – generally much better informed about world affairs than a typical US citizen.

    Cuba’s Foreign Minister Bruno Rodríguez criticized the NED’s destabilizing activities, such as financing 54 anti-Cuba organizations since 2017. He advised the US administration to review “how many in that country [the US] have enriched themselves organizing destabilization and terrorism against Cuba with support from that organization.”

    Washington not only restored NED funding for attacks on Cuba but, on May 15, added Cuba to the list of countries that “do not fully cooperate with its anti-terrorist efforts.”

    • Redcuban1959 [any]@hexbear.net
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      Article Part 2

      The NED: Covert influence in the name of democracy

      Anyone with a basic familiarity with the Washington’s workings is likely to be aware of the NED’s covert role. Yet the corporate media – behaving as State Department stenographers and showing no apparent embarrassment – have removedd to the point where they regularly portray the secretly funded NED outlets as “independent” media serving the targeted countries.

      Case in point: Washington Post columnist Max Boot finds it “sickening” that Trump is “trying [to] end US government support for democracy abroad.” He is concerned because astroturf “democracy promotion groups” cannot exist without the flow of US government dollars. He fears the “immense tragedy” of Trump’s executive order to cut off funding (now partially reinstated) for the US Agency for Global Media, the parent agency of the Voice of America, Radio Marti, and other propaganda outlets.

      Behind the moralistic appeals to democracy promotion and free press is a defense of the US imperial project to impose itself on countries such as Venezuela, Nicaragua and Cuba. Those sanctioned countries, targeted for regime change, need free access to food, fuel, medicines and funding for development. They don’t need to hear US propaganda beamed to them or generated locally by phonily “independent” media.

  • Redcuban1959 [any]@hexbear.net
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    It seems like Eduardo del Castillo, Bolivia’s interior minister, is going to be Arce’s candidate for the presidential election. Menawhile Evo Morales and Andronico Rodriguez are banned from running. I guess Rodriguez basically became his own third left-wing force within the Arce-Evo struggle, since both Evo and Arce rejected him. I guess the current VP faction inside MAS could support him but idk if David Choquehuanca will have his own candidate in this election.

    @Z_Poster365@hexbear.net

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        Camila/Kawsachuan (Pro-Morales): Eduardo del Castillo, Bolivia’s interior minister who has led the persecution of popular indigenous campesino movement and Evo Morales, has announced that he will be the presidential candidate of the ‘MAS’ in the August election. This follows the announcement made this week by President Luis Arce that he would not seek re-election.

        Del Castillo used the state to politically persecute the grassroots movement and its leaders and is trying to arrest the most popular political leader in the country. EDC has been an ally to the right-wing from the start. From early on, Evo publicly denounced EDC and his interior ministry, urging Arce to replace him. EDC was behind the attempt made on Evo’s life on October 27. EDC led the criminalization of indigenous campesinos in Cochabamba.

        Specifically, Evo denounced Del Castillo as working with/on behalf of the US/DEA. I pity anyone who opted to both sides this situation. The left in Latin America doesn’t want to be seen as intervening in internal Bolivian matters. Seemingly prudent until one considers reality.

        Ollie Vargas (Left-Wing but more Neutral): Bolivia’s courts are set to ban the candidacies of both Evo Morales and Andrónico Rodríguez. This would mean there are no indigenous or leftist candidates in this year’s presidential elections - in the country with the largest indigenous population in the Americas. The MAS is still standing, but its candidate is Eduardo del Castillo - a middle-class white man from the Santa Cruz region who does not come from the unions or indigenous groups that originally created the party. One of his slogans is “The Bolivian people demand order.”

        I suppose other left-wing goverments like Brazil, Venezuela, Colombia and China doesn’t intervene because they don’t know if Eduardo del Castillo will suddenly become anti-China/anti-BRICS. For all his problems, Arce is still very Pro-China/Pro-Brazil (Evo also was but Arce seems more dependent on Chinese and Brazilian support).

  • Redcuban1959 [any]@hexbear.net
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    Bolivia: Police Repress Caravan Supporting Evo Morales in La Paz Amid Electoral Struggle - Telesur English

    Article

    Hundreds of Evo Morales supporters arrived in La Paz in a powerful caravan demanding his right to run in the upcoming presidential elections, only to face tear gas and police repression near the Supreme Electoral Tribunal. The mobilization highlights the ongoing political persecution against the former president and his movement.

    On May 16, 2025, a large caravan of supporters of former Bolivian President Evo Morales arrived in La Paz to demand his registration as a presidential candidate for the August elections. The caravan, composed of campesinos, cocaleros, miners, and political leaders loyal to Morales, was met with a heavy police presence and the use of tear gas to disperse protesters near the Supreme Electoral Tribunal (TSE) headquarters.

    The caravan broke through police cordons near the TSE, where hundreds of officers were deployed within a three-block radius to prevent Morales supporters from entering the building. Chemical agents were used against demonstrators gathered in Abaroa Square, Sopocachi, as they peacefully demanded free, transparent, and unrestricted elections and the respect of their social and political rights.

    Morales’ supporters denounced the repression as an expression of the government’s authoritarianism and racism, emphasizing their commitment to a peaceful, democratic, and constitutional protest. The former president himself affirmed on social media that the march was a “second great March to Save Bolivia,” calling on Bolivians to stand united against political persecution and discrimination.

    The political tension stems from a recent Constitutional Court ruling barring any individual who has held elected office twice from running again, which directly affects Morales’ candidacy. Despite this, Morales and his supporters reject the decision as politically motivated, asserting their right to participate in the electoral process. The final decision on candidate eligibility will be made by the Electoral Tribunal by June 6, after the registration period closes on May 19.

    The caravan was led by key figures from the Movimiento al Socialismo (MAS), including senators, deputies, and union leaders, reflecting the broad base of support Morales continues to enjoy among Bolivia’s marginalized communities. The campesina leader Juanita Ancieta declared that the march would enter La Paz with strength and determination, warning the government that any provocation would be the regime’s responsibility.

    Senator and cocalero leader Leonardo Loza confirmed Morales’ presence with the caravan and urged police not to respond with repression. The movement’s resilience and unity symbolize the ongoing struggle for social justice, indigenous rights, and political sovereignty in Bolivia, standing firm against attempts to silence their voice.

  • Redcuban1959 [any]@hexbear.net
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    U.S. Launches Endless War to Plunder Others’ Resources: Pezeshkian - Telesur English

    Article

    The West seeks to provoke conflicts in the Middle East to own the regional countries’ resources at any price it wants. On Sunday, Iranian President Masoud Pezeshkian said that the U.S. has begun an “endless war” across the world to plunder other countries’ resources and even human workforce.

    The West seeks to provoke conflicts in the Middle East to own the regional countries’ resources at any price it wants, Pezeshkian said at the opening ceremony of the Tehran Dialogue Forum, a two-day event that has drawn 200 foreign delegations, including senior government officials and representatives of international organizations, to discuss regional and global challenges.

    Pezeshkian added that Iran has nothing to hide and will under no circumstances stop its “peaceful nuclear program.” Iranian Foreign Minister Seyed Abbas Araghchi, talking about the Iran-U.S. indirect talks at the ceremony, said Iran wants “a fair and balanced agreement that would be formed within the framework of the Non-Proliferation Treaty (NPT) and based on full respect for Iran’s nuclear rights and guarantee the removal of sanctions in an objective manner.”

    “Iran is committed to diplomacy and expects the cruel and unilateral sanctions, which have directly targeted our people, to be truly and tangibly lifted,” he said, adding that Iran is ready to open a new chapter in its ties with Europe if the latter has a real determination and adopts an independent approach towards Iran.

    The Iranian and U.S. delegations have held four rounds of indirect talks on Tehran’s nuclear program and the lifting of U.S. sanctions in the Omani capital Muscat and Italy’s Rome.

    Meanwhile, Iran and three European countries — France, Germany and Britain, collectively known as the E3 — held a high-level meeting in Türkiye’s Istanbul on Friday on the latest developments in the Iran-U.S. indirect talks, the sixth round of such talks between Iran and the E3 since September 2024, which have covered Tehran’s nuclear program and the removal of sanctions, among other issues.

    • merthyr1831@lemmy.ml
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      Yeah if this person was motivated by Ukraine I can only imagine it’s either because he’s mad Keith isnt nuking Moscow or mad that Keith is prolonging the war by discouraging a peace deal with Russia.

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    The very first paragraph of the final report from the National Security Commission on Emerging Biotechnology, a PDF that took 3 years and presumably millions of dollars to create

    Americans are already familiar with how the Chinese government conducts economic warfare with crucial technologies such as semiconductors: corner the supply chain, then choke it to weaken the United States. But this is not the last time Beijing will run this play, and it is not even the most dangerous version of it.

    Imagine a not-so-distant future where researchers in Shanghai develop a breakthrough drug that can eliminate malignant cells, effectively ending cancer as we know it. But when tensions over Taiwan reach a breaking point, the Chinese Communist Party (CCP), the strategic apparatus of the Chinese government, hoards the treatment under the guise of national security, cutting off supply to the United States. After years of access, this lifesaving drug is immediately in shortage, requiring doctors to ration it while American biotechnology companies scramble to reconstitute production in the United States. The streets and social media overflow with people demanding that the United States abandon Taiwan. The Administration faces an agonizing choice between geopolitical priorities and public health.

    This scenario is fiction. But something like it could soon become reality as biotechnology takes center stage in the unfolding strategic competition between the United States and People’s Republic of China (China).

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    News from May 16th:

    U.S. business community hoped to further promote China-U.S. common interests: Chinese VP (Xinhua)
    (Official readout from People’s Daily, in Chinese)

    BEIJING, May 16 (Xinhua) – Chinese Vice President Han Zheng on Friday expressed hope that the business community of the United States will play a greater role in promoting bilateral relations and the common interests of both countries.

    Han made the remarks when meeting with Invesco Chairperson Richard Wagoner in Beijing, saying that China and the United States share extensive common interests and have ample room for cooperation.

    The economic and trade talks between the two countries have recently made substantial progress, Han said, adding that the two countries should properly resolve differences and frictions in economic and trade cooperation through equal dialogue.

    He said China will actively draw on the development experience of the international capital market and accelerate the reform of its capital market that suits China’s national conditions.

    As a long-term participant in China’s capital market, Invesco is welcome to continue to strengthen cooperation with China, Han added.

    Hailing China’s tremendous development achievement, Wagoner said Invesco and the U.S. business community were delighted to see the substantial progress made at the U.S.-China economic and trade talks, and pledged to continue exploring the Chinese market and contribute to U.S.-China economic and trade cooperation.

    As predicted, China is opening up to American finance capital.

    I already said that this was likely part of deal during the negotiations.

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        Win-win for both US and China. The new status quo.

        If the US succeeds in shifting its export of dollar from running trade deficit into foreign investment, then in principle, the US gets to preserve its dollar hegemony while also allowing it to reduce its trade deficits. The US wants to have its cake and eats it too (although whatever contradictions that might arise from this, I don’t know).

        China gets foreign investment to save its failing property and stock market prices (which they believe that, when stabilized, could encourage domestic consumption), and as offsets to its dwindling export revenues. If my prediction is correct, the Fed will lower the interest rate come June (as part of the deal) as inflation eases, and Chinese banks will then lower their rates and alleviate the massive overhanging local government debts. China’s economy gets stabilized, and it continues to develop/alleviate poverty as before.

        The losers are Europe and the Global South.

        Europe now faces a very difficult dilemma. The US tariff rate on China determines how much Chinese goods are dumped into Europe and elsewhere. If Europe lets cheap Chinese goods enter its market freely, then say goodbye to its domestic industries. If Europe goes protectionist and enacts tariffs against Chinese goods, its high energy input prices (thanks to Nord Stream bombing) have already made its exports uncompetitive, and this will kill off its growth trajectory.

        It’s lose-lose for Europe, and opens them up to making a deal with Trump.

        The US tariff imposed on China is like the valve on a gas stove with Europe being boiled, and just the possibility of US raising tariff rate against China [is enough to make the Euros tremble(https://www.bloomberg.com/news/articles/2025-05-15/eu-economy-chief-urges-china-self-restraint-on-diverting-goods). Still being defiant and don’t want to make a deal? I’ll turn up the temperature (more Chinese goods being dumped into Europe) and see if you’ll start feeling the pain?

        Europe will probably end up with unfavorable bargains, being forced to purchase US goods while selling off their high tech industries. This will allow Trump to claim trade deficit reduction, while the US acquires key European technologies and industries without having to reindustrialize themselves.

        For the Global South, this is of course a massive loss of opportunity to escape from the yokes of Western imperialism. I have written at length how China can run a Marshall Plan with Chinese characteristics to create an alternative economic bloc, so won’t be repeating it here.

        Instead, the sword of Damocles hangs over every exporter economy in the Global South. If the US reduces import (either by raising tariffs, or the US goes into recession itself), then everyone will have to compete with China to export their goods to an ever smaller slice of market, and they will lose. Failing businesses cause local recessions, priming those countries for harvest by global financial capital and institutions like the IMF.

        The “export-led growth” model that many countries, especially in Asia, adopted, can only work when there is a country willing to permanently run a large deficits to import from them. This is simply the outcome of how the world’s economy has been shaped over the past 50 years.

        Over the longer term, the US seeks to dominate over the global supply chain. The US reshapes the global supply chain by buying up the failing assets across the Global South.

        So, no, jobs aren’t coming back to the US. And no, imports will continue to enter the US, because there is nowhere else for them to go.

        US finance capital may also start buying up Chinese businesses that have been failing under intense competition (for example, the solar panel industries have been eating huge losses last year, and many smaller EV companies are imploding). China won’t let the US touch the major corporations and the key industries, but the US can still acquire the many thousands of intermediate suppliers and the cutting edge technologies of the smaller Chinese companies that are going out of business under intense competition.

        This is why I keep saying that the only way to break this nefarious plan is for China to step up, raise the wages of the Chinese working class such that they have the purchasing power to absorb the surplus export capacity of the Global South. If that happens, then nobody will have to export stuff to the US anymore, and it will become the biggest loser.

  • xiaohongshu [none/use name]@hexbear.net
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    11 hours ago

    Moody’s downgrade just caused 30-year treasury yield to spike? Already over. Didn’t even last 24 hours lol.

    Once again the market panics over something so inconsequential.

    Here’s the MMT lesson for the day:

  • Torenico [he/him]@hexbear.net
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    14 hours ago

    Comrades, I have something to say. After studying history for many years, and suffering from certain personal experiences like periodic economic crisis, friends losing their homes and jobs, myself being overly exploited by bosses without names or faces, the material conditions of those around me become much worse, misery all over the place, I have reached a conclusion: The collapse of the Soviet Union is the largest tragedy in human history. Since 1991 things have only deteriorated. Everything gets progressively shittier over time.

    However: It will stop being like that. It will be over.

    Our journey towards emancipation begins with the thorough destruction of “israel”. We need an example, our “Bastille”, to begin our counteroffensive. “Israel” is the representation of the “western values”, their most precious creation. Break it. Break the spine of the genocidal west.