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submitted 2 months ago by yogthos@lemmygrad.ml to c/memes@hexbear.net
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[-] SouffleHuman@lemmy.ml 33 points 2 months ago* (last edited 2 months ago)

https://archive.is/Bqlf0

The difficult solution is to become more competitive and find new sources of value, as the US does with its technology industry. That means more reform, less welfare and less regulation: not because welfare and regulation are bad per se, but because they are unaffordable given the competition.

It is now increasingly hard to see how Europe, in particular, can avoid large-scale protection if it is to retain any industry at all.

So the plan is to wreck your welfare policies with neoliberal-style austerity... then also violate neoliberal principles through protectionism? This isn't just following a bad plan, this is following no plan. Also, I really don't see how deliberately making your workforce poorer and less educated will somehow produce 'new sources of value'.

[-] TheSovietOnion@hexbear.net 19 points 2 months ago

That's a lot of words to say they're gonna do fascism and colonialism. I wonder how long until labor camps become the norm in the west, for the sake of "competitivity against China" (i.e. shareholder profits)

[-] Krem@hexbear.net 15 points 2 months ago

less welfare and less regulation

WOW who would have guessed

hey citizens of europe, if you're feeling cold and hungry, if your lungs hurt from breathing poison, yes it's not ideal but it's either this or china wins (pay no attention to all the billionaires)

[-] yogthos@lemmygrad.ml 14 points 2 months ago

the west is turning into a hermit kingdom because it can't compete with China on the global stage

[-] plinky@hexbear.net 11 points 2 months ago

mr. stapleton predicts these things:

  1. l. c., pp. 70, 71. Note in the 3rd German edition: today, thanks to the competition on the world-market, established since then, we have advanced much further. “If China,” says Mr. Stapleton, M.P., to his constituents, “should become a great manufacturing country, I do not see how the manufacturing population of Europe could sustain the contest without descending to the level of their competitors.” (Times, Sept. 3, 1873, p. 8.) The wished-for goal of English capital is no longer Continental wages but Chinese.
this post was submitted on 28 Nov 2025
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