STRATEGIES: US ZERO-SUM VS CHINESE WIN-WIN

7/22/2020

Vince Dhimos answered a question at Quora.

https://www.quora.com/How-is-Chinas-strategy-different-from-the-US/answer/Vince-Dhimos

How is China's strategy different from the US’?

Vince Dhimos Editor-in-Chief at New Silk Strategies (2016–present)

The US strategy is zero-sum while the Chinese strategy is win-win.

Even without real world results, it is easy to see that zero-sum is bull. The theory is that if the US can harm another country’s economy, the US then automatically becomes stronger and richer. If this were true, then the Fed would not have been reduced to printing unbacked currency starting after the Great Recession in 2008–9 and it would not be measuring its economy in terms of stock market prices, which reflect a dangerous bubble. Clearly, the misfits who run the US have no idea what they are doing and that is why they keep blaming China for their own failures.

The Chinese win-win makes sense not only in theory but also in the real world and is the reason by China has had 6–7% GDP growth for decades.

Just to give you an example, win-win would mean that if China helps lift an African country out of poverty, that country gets richer and can buy more Chinese goods and services and will become a loyal trading partner. No hokus-pokus here at all. A 7 year old could understand it.

Last year, despite the trade war China had 6.1% GDP growth, vs 2.3% for the US.

This year, China was the only economy to show positive growth, while the US virtually crashed.

Win-win works.

Zero-sum is clearly for losers.

The amazing thing is that the US, instead of emulating China’s winning strategy, keeps repeating its old failed strategy. And the really bad news is that neither party has shown any common sense in economics.

Biden has promised to get even “tougher” on China. He is Trump on steroids.

1 Comment

John E McClain

7/24/2020 05:32:35 pm

We've been infiltrated for for over a century, with serious socialists, and for a century, with rabid, anti-Christian socialism, with the full intent of breaking our form, our former culture, and replace it with full blown communism.
Our government has been run by such people, working through "beaurocracy", not so much a "conspiracy" as the simple natural end product of thousands of politically active people of more than a century, with the self-same goal in mind, each pressing forward, on their own, toward that goal.
We, the majority of productive Americans, no longer have any real say in what we do, where we go, and none in the future. It's clear our governments, from mayors, governors, to the whole of federal, want a substantial percentage of us to die in a myriad of ways, from personal attacks, riots, and ultimately, starvation, deprivation, there is little if any concern for what was "America".
It only takes one generation to lose the whole of a culture, society, and ultimately, nation. Adding the economic factor, and we will not be a country, very shortly. A substantial percentage of Americans are entirely bamboozled, and truly believe these things they've chosen to believe, and they have no understanding of what is happening, and what its aim is for.
The official intent is to reach that "one world order", however it was all developed around "western culture" of "the allied powers", and is intently opposed to the BRI which is well established, and with Russia strongly supporting the outcome of the same, is capitalized, well along, while the U.S. is seeking to keep power, by threats, sanctions, whose force diminishes daily, collusion with enemies of recalcitrant nations, any means at all, and all of which diminish in force, as the U.S. dollar loses importance, day by day for all the reasons that come from fiat currency, and extreme and extraordinary debt, far surpassing any in history. "Anything that can't go on forever, will end"; "Stein's Law", Stein, advisor to Nixon, explaining why the dollar had to be loosed from gold, it was far beyond recouping.
The U.S. has traded on debt, solely, ever since, and the BRI can't be broken by a bankrupt system, when it is well capitalized, and its debt is backed by real estate, buildings, factories, all the things they are growing with. America has been living on debt, while selling off or allowing to decay or fail, all our once enormous infrastructure, which hasn't been maintained in decades. We have nothing to back our intentions but force, and it costs money to maintain, money whose cost increases exponentially, in interest. There is no answer but failure.
Semper Fidelis,
John McClain
GySgt, USMC, ret.
Vanceboro, NC, USA

ECONOMICS AND FINANCE

STRATEGIES: US ZERO-SUM VS CHINESE WIN-WIN

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