I am aware that the West’s best time was essentially at the expense of the rest of the world - but where can one find opportunity and prosperity of those times today? Was this a great anomaly of history? Is it time to hedge your bets on living out the Chinese dream?
Is it time for the West to accept that what our parents experienced will never exist again?
Will the world overall need to accept that the western living standard of that time will never be reached again? (It’s too unsustainable - for the planet, and because superprofits won’t flow as they once did)
What has actually happened that’s caused it to collapse?
How does it pertain to it? Chinese bourgeoisie are going to buy up factories in the hollowed out imperial core and essentially give us a taste of our own medicine?
I don’t know a lot about the actual mechanisms that makes it worth it for these international companies, but the one example I provided was eventually a success. That particular car-glass company went from 1 factory in Ohio that lost money for two years to 3 factories in the midwest.
I’m not sure it’s ‘a taste of our own medicine’ but maybe that Chinese companies are flush with enough capital to eat 1 or 2 years of losses until their production & sales are high enough to sustain the factory. I don’t think it’s gonna be true for every manufacturing sector but in Fuyao’s case the owner is a billionaire and was also ideologically committed to opening an ‘american company’ (eventually all managers were replaced with Chinese managers and the did all they could to suppress a union in Ohio). https://www.netflix.com/title/81090071