They are a pay for play publication, which some PR agency associated with Foggy Bottom "contacted" to tout the horn of some group of western capitalists.
Said capitalists got beat at their own anti-protectionist game IRL. They have no easy solution to end up on top, so they are trying their hand at "manifesting" the result they want, like some under-prepared teenagers before a test.
This "you're overproducing" meme is their try at using basic Marxist semantics. According to Marx, Capitalist economic crises are always crises of overproduction of commodities (exchange values).
The meme is designed to sow doubt in minds worldwide which are in the danger of thinking that Chinese Communism might have solved some of the basic contradictions of capitalism.
This meme is an ode to fatalism: even in Communism, ever declining rates of profit are inevitable and so are boom and bust cycles and crises.
With luck, even some people of high rank in the Chinese intelligentsia could be convinced of that...
Isn't it what every country do? They produce commodities and export them. Western countries always did this. And as historically they had production capacity bigger than the rest of the world, they always produced more than could be produced domestically and, if we use the same terminology present in the article, they "dumped its excess on the international market". In lot of scenarios, when other countries tried to adopt protectionism trying to protect their national industries, US retaliated and forced other countries to abandon these policies. And before this, China is the very country that was invaded using the discourse of free market because they tried to prevent drug trafficking financed by England. Now that the west managed to get beaten in the very game in which they created the rules, suddenly the discourse change, and we get strange articles like these complaining about the very "free market" that a couple of years ago was revered.
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[ 4.0 ms ] story [ 20.5 ms ] thread> Chinese manufacturers were producing more solar panels than people wanted to buy domestically
They are a pay for play publication, which some PR agency associated with Foggy Bottom "contacted" to tout the horn of some group of western capitalists.
Said capitalists got beat at their own anti-protectionist game IRL. They have no easy solution to end up on top, so they are trying their hand at "manifesting" the result they want, like some under-prepared teenagers before a test.
This "you're overproducing" meme is their try at using basic Marxist semantics. According to Marx, Capitalist economic crises are always crises of overproduction of commodities (exchange values).
The meme is designed to sow doubt in minds worldwide which are in the danger of thinking that Chinese Communism might have solved some of the basic contradictions of capitalism.
This meme is an ode to fatalism: even in Communism, ever declining rates of profit are inevitable and so are boom and bust cycles and crises.
With luck, even some people of high rank in the Chinese intelligentsia could be convinced of that...