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Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / Multipolarism Versus Hegemonism - The Great Power Shift Of The 21st Century (12055 Views)
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Re: Multipolarism Versus Hegemonism - The Great Power Shift Of The 21st Century by pansophist(m): 12:12am On Apr 02 |
budaatum: I strongly believe that China's GDP in absolute terms has overtaken the US. The evidence speaks for itself. For decades, China has deliberately kept its currency devalued, to make its exports cheaper. If China lets its currency float to its true market value, then overnight, it will become the world's largest economy. Now it's second in GDP, but first in PPP. Also, China's economic makeup is something real, such as production and manufacturing, while the US is virtual, mostly in finance, the service sector, and Wall Street. You also have to look at the simple fact that China has over 1.4B people, while the US has over 300M, but there are almost no homeless or hungry people in China, meanwhile, in the US, millions are homeless, and even more millions are just one paycheck away from being homeless. The US has no free healthcare, or free education, and divided citizens who classify themselves by race, color, job title, and zipcode. Meanwhile, China united all its ethnic groups to make them a stronger whole. China has the largest reserve in the world, standing at 3.22T USD, that's money they don't even know what to do with it, and mostly invest it through their BRI project. When I study China's strategy, I can't help but point every one of their moves to the legendary book titled ''the Art of War. The Chinese planned their destiny well and won without firing a single bullet. And if you want to fight them, they will beat you to a stupor. They are that silent kid in the block, that you shouldn't mess with. The real abroad right now is no longer the West, the 21st century belongs to Asia. 18 Likes 2 Shares |
Re: Multipolarism Versus Hegemonism - The Great Power Shift Of The 21st Century by lastkingsman: 8:31am On Apr 02 |
pansophist: What you wrote is also obtainable in China. Why I agree with that China has made significant progress, they haven't overtake the United States as of today. The last frontier is semiconductor and advanced military tech which US still controls. When Trump wins in November, the full US leverage will be used for America people, "America First" policy. China think they can ban Amazon, Facebook and other Western tech companies but US will allow tik tok ba? The orange man is coming with full scale trade war and "drill baby, drill" for oil
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Re: Multipolarism Versus Hegemonism - The Great Power Shift Of The 21st Century by lastkingsman: 8:39am On Apr 02 |
[quote author=pansophist post=129223881][/quote] American problem is that corruption lies with the industrial military complex. That's why they are fighting the orange man with every arsenal they got. "I will settle Russian-Ukraine war in 24hrs. I know what to say to each sides (Putin and Zelensky)" - Orange man Do you think the industrial military complex is happy with this statement? Do you think they are happy that no war happened during Trump's time? |
Re: Multipolarism Versus Hegemonism - The Great Power Shift Of The 21st Century by pansophist(m): 8:55pm On Apr 02 |
lastkingsman: China leads the US in 37 out of the 44 critical technologies that will dominate the 21st century https://www.businessinsider.com/china-leads-us-critical-emerging-technologies-strategic-competition-research-report-2023-3 China actually didn't ban those company you mentioned, they are just too smart fo these companies and understood what these companies stands for. I will explain. These companies either voluntarily left China, or refuse to set up business because of Chinese tech laws, which states that the data of Chinese citizens must be stored in data centers located in China, and that the Chinese authorities will have an unrestricted and unconditional access to it. Because these companies engages in nefarious activities and are accessories for western government, they refuse such conditions, and for that reasons, didn't open in China. The case of facebook is different though. Facebook was banned because they refuse to give the Chinese government information concerning the activities of the Xinxiang terrorist during the 2009 urumqi riot, which killed lots of people. Facebook cited user privacy, freedom of speech and those nonsense as a reason why they wont disclose the requested information, then the Chinese government banned them. Please don't just rely on western news that dominate the world for information, do research yourself. About semi-conductor, it is only a matter of time before China catches up. The west refused to give China access to space, then they created their own space station. They refuse China access to GPS, they created theirs, which is even more accurate than western ones. CHina has the money, the motivation, the engineers, patriotic citizens, and technocrats that will make it happen. Taiwan is just a stone throw and their brothers, and they will be lured with money. China caught up so fast just within the last four decades, I give semiconductor just a decade more. 10 Likes 3 Shares |
Re: Multipolarism Versus Hegemonism - The Great Power Shift Of The 21st Century by budaatum: 4:43pm On Apr 05 |
"In the 1980s, as China launched its pivotal economic reforms, eight out of every 10 Beijingers used bicycles as their primary mode of transport and the capital city had some of the world’s best bike lanes. Beijing was known as the “bicycle kingdom”. Bikes along with pedestrians flowed together through intersections like a fish moving through water. Today, less than two out of 10 Beijing residents own a bike". https://www.lotustours.net/Newsletter/2013/May/Beijing.shtml The threat of China’s electric vehicles |
Re: Multipolarism Versus Hegemonism - The Great Power Shift Of The 21st Century by Gerrard59(m): 1:05pm On Apr 20 |
Pansophist, A question that has been of interest is me is what would the West do as she loses her hegemony? How or would what Western treat or do to non-Western and its allies' citizens residing in Western countries? I am curious. Anyone can chip in as well. That said, Niger forced the US to vacate the military base tells me the West is gradually leaving or have left the Sahel region. I offer hats to Nigerien elites. Never thought it would happen. https://www.nytimes.com/2024/04/19/us/politics/us-niger-military-withdrawal.html 2 Likes |
Re: Multipolarism Versus Hegemonism - The Great Power Shift Of The 21st Century by pansophist(m): 6:11pm On Apr 20 |
Gerrard59: Honestly, I don't know. This is the first time a hegemon has appeared on the world stage with reach to every corner of the globe. In the past, hegemons were specific, eg the Portuguese in navigation, the Spanish dominance in European battlefields, discoveries of the New World, etc. The American method is one of a kind, which dominates not just one area, but almost, if not all areas, from military to finance, to biomedicine, international trade, sea, nearly everything. But if I would predict anything, then it would be to implode from the inside, because it is impossible to defeat the US from the outside. If the dollar loses its reserve status, their allies (aka vassals) start feeling the pains of blinding following Washington, therefore, alienating themselves from the hegemon, then it would just crumble on its own. The turning point would be the disbanding of the UN. Before the UN, the preceding intergovernmental organization was the ''League of Nations'', it lost legitimacy and disbanded because it is impartial by its very existence, just as the UN has become. With the global south uniting, with a common anger for the unfairness of the global order, the restructuring of a body that would replace the UN will not have the defects the UN has, such as veto powers, and being under the control of a single country or bloc. 7 Likes |
Re: Multipolarism Versus Hegemonism - The Great Power Shift Of The 21st Century by budaatum: 7:58pm On Apr 29 |
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Re: Multipolarism Versus Hegemonism - The Great Power Shift Of The 21st Century by Gerrard59(m): 6:21am On Apr 30 |
budaatum: I read the conversation on the Financial Times. In summary, the Chinese carmakers have an issue with the company handling logistics and also, Telsa had signed a deal ensuring truck drivers only work with it (Tesla). So, gridlock till they solve the problem. The percentage of Chinese EVs being sold in Europe, although slowly growing, isn't that high sef. Western media just like blowing things out of proportion. 2 Likes 1 Share |
Re: Multipolarism Versus Hegemonism - The Great Power Shift Of The 21st Century by Gerrard59(m): 2:36am On May 07 |
The EU opened an inquiry, most likely at the behest of her American masters, to check if the allegations of over-production and subsidises are true of the Chinese EV companies and products. However, the same EU is antsy that China would target its agricultural sector and want it to be separated from any retaliation. Fortunately, China is not a country that can be tossed around or told what to do. China does what is good for the country. Nothing like bombing or ousting its leaders as done elsewhere. Mind you, the EU agricultural industry receives one of the highest degree of subsidies just as its American counterparts. South Americans, literal cousins of Europeans, have been negotiating entry into the EU market for over 20 years to no avail. Yes, elder brother no gree him cousin to sell his agricultural products in his territory. How much more someone he enslave and plundered his resources? However, the EU is investigating China's EV industry, but does not want the Chinese to do the same for its agricultural industry. Masters of Do As I Say, not As I Do. Well, thankfully, not with the Chinese. 5 Likes 2 Shares
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Re: Multipolarism Versus Hegemonism - The Great Power Shift Of The 21st Century by budaatum: 4:43pm On May 07 |
Gerrard59: I do believe the bold would be illegal in Europe. Source please. |
Re: Multipolarism Versus Hegemonism - The Great Power Shift Of The 21st Century by Gerrard59(m): 2:18am On May 08 |
budaatum: https://www.ft.com/content/496f3bfa-9f0c-4145-9024-188572a280fd 1 Like 1 Share
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Re: Multipolarism Versus Hegemonism - The Great Power Shift Of The 21st Century by budaatum: 7:41am On May 08 |
Gerrard59: I feel their problem was greater than Tesla hugging trucks. Imported vehicles are piling up at European ports, turning them into “car parks” as automakers and distributors struggle with a slowdown in sales and logistical bottlenecks including the lack of truck drivers. But is China Made in Tesla I wonder. Almost a fifth (19.5%) of electric vehicles sold in Europe last year were made in China and this is on track to reach a quarter (25%) in 2024, according to new analysis by Transport & Environment (T&E). The forecast comes as the EU is considering import tariffs to counter subsidies for China’s EV industry. T&E said ramping up production of mass-market electric cars and investing in the European battery supply chain is the only way for EU carmakers to compete with Chinese brands, but tariffs would also help localise EV manufacturing. |
Re: Multipolarism Versus Hegemonism - The Great Power Shift Of The 21st Century by pansophist(m): 9:05am On May 11 |
Gerrard59, One angle of current geopolitical trends, especially in the Ukraine-Russian war that is deliberately blurred out is the Chinese perspective. It is impossible to have a non-biased position without listening to the perspective of the Chinese, through Chinese mouth as well. For that, I introduce you to this new channel I am listening to on Youtube, which translates and introduces lots of intellects from the Chinese space to the mainstream, check it out. https://www.youtube.com/@WindSpiritZ 3 Likes 1 Share |
Re: Multipolarism Versus Hegemonism - The Great Power Shift Of The 21st Century by Gerrard59(m): 6:12pm On May 11 |
pansophist: Thank you. I do follow Chinese and non-Chinese on Twitter who write a lot from a Chinese perspective. It is important to hear from all sides of the narratives. 2 Likes |
Re: Multipolarism Versus Hegemonism - The Great Power Shift Of The 21st Century by LordAdam16: 7:58am On May 28 |
Kenya becomes a Major Non-NATO Ally. Joining a quite enviable pack comprising Argentina, Australia, Bahrain, Brazil, Colombia, Egypt, Israel, Japan, Jordan, Kuwait, Morocco, New Zealand, Pakistan, the Philippines, Qatar, South Korea, Thailand and Tunisia. Like clockwork, dividends already pouring in. Microsoft + G42 with a billion-dollar investment. https://www.bloomberg.com/news/articles/2024-05-22/microsoft-g42-announce-1-billion-geothermal-data-center-in-kenya Alphabet to connect Kenya to another MNNA Australia. https://www.bloomberg.com/news/articles/2024-05-23/google-builds-first-subsea-cable-connecting-africa-to-australia NSA is breaking ground and needs to have its tentacles firmly attached before other sectors gain attention. Multipolarism has compelled the Hegemony to designate an MNNA in sub-Saharan Africa. Iran becoming a hotshot in the region and the Arabs turning East has forced them to find another outpost in the region. I hope Kenya leverages the opportunity to level up and get on track to an OECD membership. -Lord 4 Likes |
Re: Multipolarism Versus Hegemonism - The Great Power Shift Of The 21st Century by Gerrard59(m): 9:14am On May 28 |
LordAdam16: Happy for Kenya. The bold is what I have been preaching for - how we benefit from multipolarism, largely as a result of China's rise. At the same time, Kenya should remain open to Chinese investment and funds regardless of this new membership. I hope Kenya leverages the opportunity to level up and get on track to an OECD membership. OECD is more about economics than politics. If any country in sub-Saharan Africa should be an OECD member, that should be South Africa. 4 Likes 1 Share |
Re: Multipolarism Versus Hegemonism - The Great Power Shift Of The 21st Century by LordAdam16: 1:09pm On May 28 |
Gerrard59: Brazil is in BRICS+ and is also an MNNA. Kenya will be wise to understudy them. OECD is more about economics than politics. If any country in sub-Saharan Africa should be an OECD member, that should be South Africa. The OECD already designated South Africa a Key Partner. Alongside China, India, Indonesia, EU, and Brazil. OECD is essentially an economic club of G7 + Friends who have their sh*t together. South Africa is unlikely to get a nod even if they meet every criteria. At best, the OECD will slow walk their membership. Kenya has to prove its mettle as a Western ally and restructure its economy. The core development though is that OECD membership is now a tenable goal. Two months ago, that was a pipe dream. A potential OECD membership is at least 3 decades away for Kenya. But it'll do them a world of good to set it as a target and start working towards it in earnest. Kenya could easily become the go-to destination for interests in MENA who want to piggyback off the Hegemony without any of the messy entanglements viz a viz religion, government type, and the elephant in the room--those who shall not be named. For instance, G42 (the co-investor with Microsoft on the data center) is a UAE company backed by the guy whose hands are on the largest Emirati purse strings. https://www.bloomberg.com/news/newsletters/2023-09-11/abu-dhabi-s-trillion-dollar-man-sheikh-tahnoon-turkey-cheer-egypt-inflation This should be East Africa's Age. The opportunities are vast. The bloc just has to contain Somalia and pacify Eritrea. Then become aggressive in putting themselves out there. We'll see if the Kenyan elite has what it takes to play the intricate game. Or if they'll just be an unsinkable aircraft carrier for the Hegemony without any of the economic benefits. -Lord 3 Likes 1 Share |
Re: Multipolarism Versus Hegemonism - The Great Power Shift Of The 21st Century by pansophist(m): 10:12pm On May 28 |
LordAdam16: Are there any precedence that could be use to potentially guage the benefits kenya will enjoy in MNNA? In Africa for example, Tunisia and Egypt are in MNNA, what have they benefitted? Reading the benefits of MNNA in wikipedia, the emphasis was more on military corporation, loan to procure equipments, trainings, contract biddings, etc, but I do not see how this translate to pure economic benefits. Besides, the above are just theoritical, but in practice, there are lots of politics going on there, and the benefits might not even tickle down. https://en.wikipedia.org/wiki/Major_non-NATO_ally#Benefits I do know that regardless of the benefit Kenya will get in this, the US will achieve its own ten folds. E.g, Nato members have to contribute at least 2 percent of their GDP for nato defence, all the money that goes into the US MIC. The interoperability of nato defence network, uniformity of trainings, equipments, command structure etc are all funnels that keeps the US war economy alive. Nato countries bear most of the pain in this. Nato is one hell of a cash out industry for the US. With an additional cost of dictating and unifying members state foreign policy regardless of national differences. For example, Nato secetary is advocating that Ukraine can strike deep into Russia with weapon supplied to Kyiv, but Italy rebuked it, and some members state, but it doesnt matter, since individual member state dont really have much power. I cant see the situations of MNNA to be more favourable than the gains of Nato itself. Besides, Ruto seems like a hypocrite to me. All the noise in 2022 when Russia just invaded Ukraine, about dumping USD and talking like he is in the side of the global south seems like play. And for the white house to invite him after all those alteracations, just seems to me that something fishy is going on. Time will tell 4 Likes |
Re: Multipolarism Versus Hegemonism - The Great Power Shift Of The 21st Century by LordAdam16: 6:08am On May 29 |
pansophist: You can nudge someone in the right direction, but you can't push them all the way. Egypt was one of the 5 OG MNNAs. Granted, the 4 others MNNAs selected in 1987--Australia, Israel, Japan, and South Korea--were already industrialized at the time. However, if you compare the sociopolitical history and trajectory since, only one sticks out like a sore thumb. Tunisia is not any better. In 2012, 2014, and 2016, the US offered 100% loan guarantees for a cumulative $1.5B. In other words, if they are unable to pay, the US will make creditors whole up to 100% of principal. The sort of sweetheart deals offered by the IMF and a colloquium of Western partners over the years to Tunisia mirror those made to Argentina (another MNNA) and stands in contrast to the painful SAP-linked millstones they offer to other countries on average. If Ruto attempts to unconstitutionally extend his rule and that triggers a national crisis or a fossil like Buhari worms his way into power, it wouldn't be fair to pin the blame on the US. It is one thing to provide an opportunity, it is another for the beneficiary to leverage the opportunity. I do know that regardless of the benefit Kenya will get in this, the US will achieve its own ten folds. E.g, Nato members have to contribute at least 2 percent of their GDP for nato defence, all the money that goes into the US MIC. That goes without saying. The US already started reaping benefits before the designation. America convinced Kenya to deploy troops to Haiti. Like Ukraine, Kenyans will expend blood and may even tack on some avoidable expense to do America's bidding in America's backyard. The interoperability of nato defence network, uniformity of trainings, equipments, command structure etc are all funnels that keeps the US war economy alive. Nato countries bear most of the pain in this. It cuts both ways. Russia, Iran, China, North Korea have spent far more on defense when measured as % of GDP than many Western nations. Sure, the US is a giant blackhole that extracts excess productivity from the rest of the West, and indeed the world; but a lot of the countries in the Western Hemisphere are unproductive shells propped up by financial engineering. All of which is backed by America's military prowess. How the Bleep are countries like Italy, Spain, Portugal flexing on the planet? Western Canada is one giant property bubble. Take out London and the North East, and England should be a middle-income country. These are the big wigs. Slovenia has a GDP per capita of $34K. A local government of 2m people has the exact same per capita labor productivity as Japan. Make that make sense. Now you know why the likes of Estonia and Lithuania will keep barking at the top of their lungs. Most of their population would be subsistence farmers without the American-led NATO/EU Hegemony. If you want your 4-day work week, one month of vacation, world-leading QOL, and less than 2% in peacetime defense spending (https://www.nato.int/nato_static_fl2014/assets/pdf/2021/3/pdf/210316-pr-2020-30-en.pdf); you can't really be talking about "pain". Because you're freeloading off the rest of the planet. Kenya gets to choose how they want to play it. Do they want to be a Poland / Germany / Netherlands or do they want to become one of the Southern hollow giants or one of the Central/East European chihuahuas. Their choice. Besides, Ruto seems like a hypocrite to me. All the noise in 2022 when Russia just invaded Ukraine, about dumping USD and talking like he is in the side of the global south seems like play. That's how it goes at the Big Boys table. If India, Brazil, and Indonesia can attempt to have their cake and eat it, so should Kenya. In the emerging multipolar world, it is best to think of geopolitical relations as a buffet. Pick what you want from whomever is offering and play the game astutely. The Kenya-China compact is still in effect. To illustrate, from 2010 to 2020, Chinese firms were awarded approximately 70% of large public sector infrastructure projects in Kenya. https://www.businesswire.com/news/home/20210308005442/en/Kenya-Construction-Industry-Report-2020---ResearchAndMarkets.com I expect China to retain a commanding lead this decade. The wild card remains the Kenyan elite. Can they pull off the high-stakes, high-reward maneuvers necessary to bring this home? 🤷♂️ -Lord 6 Likes 3 Shares |
Re: Multipolarism Versus Hegemonism - The Great Power Shift Of The 21st Century by Regex: 7:09am On May 29 |
LordAdam16: I must point out something to you. Having worked with Kenyans and observed their attitude. They come off to me as two faced. They always like to ass lick the reigning boss or bosses. I do not actually trust them. They are filled with jealousy and I understand where Pansophist is coming from. 3 Likes |
Re: Multipolarism Versus Hegemonism - The Great Power Shift Of The 21st Century by LordAdam16: 7:20am On May 29 |
Regex: Do we really want to enumerate ugly traits by nationality. Because the way I dey see this house wen we dey inside so, b lyk say na glass dem use build am. -Lord 3 Likes |
Re: Multipolarism Versus Hegemonism - The Great Power Shift Of The 21st Century by Regex: 5:23pm On May 29 |
LordAdam16: 😂 😂 I don use brick patch my own...😂 😂 1 Like |
Re: Multipolarism Versus Hegemonism - The Great Power Shift Of The 21st Century by LordAdam16: 6:52pm On May 29 |
Re: Multipolarism Versus Hegemonism - The Great Power Shift Of The 21st Century by Gerrard59(m): 10:53am On May 30 |
LordAdam16: Honestly, this is more than brilliant! The bold and last statement summarises it all: I will rather be a Netherlands than Belarus. You also in a way explained the benefits of aligning with the US. I do read wordings similar to yours from White Americans, but as na Nigerian write am, it resonates or would I say, I understand it better. The ball is in the court of Kenyan elites. Once again, well done! |
Re: Multipolarism Versus Hegemonism - The Great Power Shift Of The 21st Century by pansophist(m): 8:37pm On Jun 01 |
Gerrard59: Lets not forget that the US sacrifices its ''allies'' where its convenient. The only time US allies are kinda happy is when there are no contending challengers, in this case, Russia and China. Allies are at best, disposables, and because it doesn't happen over seven decades ago, doesn't mean it will not happen in the future. What Mao said decades ago about Japan is now a reality. He called Japan a flower garden. It looks beautiful and smells nice, but when the gardener comes to pluck it off, then it becomes a barren land. Look at Japan in the '60s and now, then tell me that it pays to be a US ally. Japan has never and cant recover from the damages of the Plaza accord. 4 Likes |
Re: Multipolarism Versus Hegemonism - The Great Power Shift Of The 21st Century by Gerrard59(m): 3:28am On Jun 02 |
pansophist: It is what I tell Chinese here: the same attack you guys are getting from the US is what the Japanese faced. Yet the US forced Japan to sign the Plaza Accord and see how it resulted. You guys should not back down. Make sure you develop to whatever heights you want to. 3 Likes |
Re: Multipolarism Versus Hegemonism - The Great Power Shift Of The 21st Century by LordAdam16: 10:40pm On Jun 09 |
@pansophist What just happened in the EU? I'll like a frontline assessment. It feels like a political nuke just dropped. Crazy night for the right across the Old Continent. It could have been worse. Is this 2016 all over again? How does the Establishment drop the ball so badly? I guess they'll have to fortify their elections and commence lawfare against right-wing candidates going forward. -Lord |
Re: Multipolarism Versus Hegemonism - The Great Power Shift Of The 21st Century by pansophist(m): 2:25pm On Jun 10 |
LordAdam16: You are speaking in parables bro. What exactly are you talking about? |
Re: Multipolarism Versus Hegemonism - The Great Power Shift Of The 21st Century by LordAdam16: 3:03pm On Jun 10 |
pansophist: Talking about the EU parliamentary elections. What are your thoughts about the results? -Lord |
Re: Multipolarism Versus Hegemonism - The Great Power Shift Of The 21st Century by Gerrard59(m): 3:19pm On Jun 10 |
Within the past two days, I have read quite a number of news articles on the Financial Times, and most importantly, the comment section. Most times, the comment section is more interesting, fun-filled, and informative than the actual article. One such article was about EU manufacturers trying to "decouple" from China. Decouple just like its sister-phrase "de-risk" is one of the buzzwords currently in supply chain management in the West. Anyway, commentators narrated how they worked in China and in order to gain market access, the Chinese requested technical transfer, which Western companies were eager to offer. Because hey, the market was and is juicy. Bigger profits and higher salaries. You know, the belief, misplaced anyway, was that by offering China ascendancy to the WTO and the country becoming capitalistic, Western elites believed China would become "democratic". Democracy in the sense that there would be elections through which Western governments can influence the numerous parties in order to cause chaos, especially as China, unlike Japan and South Korea, is too big both in land mass and population. That has not come to fruition. Moreover, the intentional upskilling of the Chinese and their entrepreneurial nature to go anywhere in the world as long as money can be made has shocked Western elites, all of whom are men. As a result of these two factors, China is competing head-on with the West. This time around, unlike Japan which was spoon-fed the Plaza Accords' medicine, China has refused to gulp it. Also, China is a nuclear power. So, nothing like invasion or we-are-going-to-offer-them-democracy something something Libya or Iraq. I must commend the foresight nature of Chinese elites, both political and private, and most especially the politicians. The deliberate and painstaking devotion to learn techniques, hone them and mass-produce them for societal development and profits. Additionally, the focus on hardcore science and technology, plus improving so much that most patents in new technologies come from Beijing rather than Washington. The EU does not come close at all. It is a lesson to developing countries such as Indonesia, India and Africa. However, I am not too sure about us in Africa as we are so culturally/ethnically divergent - only skin colour binds us - compared to the rest or the Chinese. Reading through the posts, one could sense the agony, disappointment, disbelief, sorrow and sometimes anger that China turned out so economically powerful that it cannot be stopped. In other words, China is that coconut head person you must work with even when you don't like the person. You just don't have a choice. And the Chinese are brilliant, man. The foresight is legendary. Take Graphite for instance, whether synthetic or natural. It is an important feature of lithium batteries in EVs. Both forms are produced in China with dominance of almost 100% of the global supply. Graphite is so important that carmakers had to pressure or better still, lobby (a favourite word over there) Washington to give them a two-year grace period to find alternative sources. This is because the new Inflation Reduction Act (IRA) prevents parts or materials from Chinese producers or China. However, analysts are even saying that bringing those plants into operation would take time. Also, China could flood the global market with graphite thereby reducing the price to scare away competitors. Lest I forget, as I envisaged or advised or predicted, Chinese EV makers are building factories across the world and this is way ahead of Western carmakers. Obviously, you don't expect a politician in Brazil or Indonesia to reject FDI simply because the source is Chinese. And as I stated, this decision would lead to Chinese cars being the most sought-after in the world. After all, the West with its declining population is less than 20% of the world's population. In summary, I wish China and its people strength to continue the good work so far. I admire everything about them. I really do. 4 Likes
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Re: Multipolarism Versus Hegemonism - The Great Power Shift Of The 21st Century by Gerrard59(m): 3:41pm On Jun 10 |
cc: jedisco In relation to my recent comment, please check out the above post. |
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