☆ Yσɠƚԋσʂ ☆
Everyone’s economy is connected, however as Russia showed already, it’s entirely possible to decouple for hostile economies. It’s also worth noting that China is very much aware of the dangers here and have been massively diverting their trade away from G7 https://asiatimes.com/2024/05/2-words-explain-china-export-surge-global-south/
If China stops trade in dollars, then other countries will just start using yuan, or perhaps the BRICS currency will go online by then. Either way, this is not an insurmountable problem by any stretch of imagination.
Meanwhile, what ultimately matters is the relative damage to BRICS vs G7 economies. This is also what we’re seeing playing out with the economic war on Russia where G7 economies are coming out worse off and as a result we’re already seeing a lot political instability in Europe.
My expectation is that China would just focus on BRICS and trade with developing countries outside the dollar. I don’t really see why China would care all that much whether G7 economies go into recession as result of the US attacking China. In fact, this would likely force at least some G7 members to break with the US or see their economies collapse.
Indeed, Lein’s work is highly relevant today. For example, The State and Revolution directly addresses the debates over reformism and the nature of the state that we see constantly happening right now. It’s depressing to see all the same arguments replayed as if we don’t have historical evidence to lean on to decide which ones were correct.
this is a really good thread on the subject https://xcancel.com/existentialcoms/status/1248728086834601984
LMFAO he absolutely doesn’t read any sources, here’s 5 hours of dr. Finkelstein exposing destiny for the absolute fraud that he is
