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China claims to be interested in free and fair “win-win” trade deals but, in reality, its economic practices have always been unfair and predatory.
Some of the worst examples include:
Mercantilism - Crime - China - Sin - Sins
Mercantilism: The great economic crime of China, the sin from which all of its other sins flow, is a state-controlled economy that requires a whole boatload of “isms” to properly describe: communism, of course, but also corporatism, authoritarianism, nationalism, fascism, and mercantilism.
Ironically, “communism” is probably the least important factor in the Chinese system as of Communist Party leader Xi Jinping’s ascendancy, a fact that is not lost on hardcore Chinese Marxists who grumble about Xi’s departure from the true communist faith. Unfortunately for them, Xi Jinping’s philosophy kept all of Maoist China’s authoritarianism, so they must grumble quietly lest they disappear.
Term - Xi - Government - Fascism - Core
The single term that best describes Xi’s government is probably fascism since it relies upon the core fascist concept of capitalist energy harnessed by the all-powerful central government for nationalist ends. Those who do business with China try very hard to avoid noticing that the boundaries between the Communist Party, the government bureaucracy, and “private” Chinese industry are very thin. In a communist system, the government would own all of the big companies outright. Under fascism, the corporations have “private” owners who are careful to keep their Communist Party memberships in good order and the government tells them what to do, either openly or behind the scenes.
In return for strict obedience, the Chinese government uses its power and money to benefit its corporations and suppress foreign competition. When business tycoons who are also effectively Communist Party royalty get in trouble, Beijing swings into action.
Aspect - China - System - Mercantilism - System
This aspect of China’s system can be described as mercantilism, a system where the government interferes with markets to protect favored companies, rigging the marketplace with aggressive and unfair...
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