China makes about a third of the world’s stuff [1]. Soviet Union probably peaked around a fifth, though it might have been as high as a fourth.
China is undoubtedly stronger today, absolutely and relative to the U.S., than the Soviets ever were. But history is littered with self-obsessed autocrats ruining a good thing.
Part of what makes the world today frustrating is both America and China are squandering their advantages in remarkably-similar ways, with each regime’s defenders speaking almost identically.
[1] https://cepr.org/voxeu/columns/china-worlds-sole-manufacturi...
I think he would have. I think he hated American labor more than he hated foreign communists. If his head were still around in a Futurama Jar to comment on the matter, I think he would be blaming American workers for the consequences of his own policies.
At the time, everyone was still optimistic that China would eventually become more open and even democratic, that Russia would not regress, etc.
It was still common for electronics and microprocessors to be made in USA well into the 90s. Reagan had nothing to do with the expansion of WTO and trade deficits with China that ballooned under HW, Clinton, Bush Jr and Obama.
Personalist rule be personalist. Also glad to see you also appear to recognize our "Wolf Warrior" moment.
Ironic, considering his own history as a union leader.
That isn't what the commenter asked. What percentage of stuff in your house is made in China? I would be extremely surprised if it's not more than 33%.
They have their own Google, Facebook, Amazon, Microsoft, consumer electronics, car companies, aircraft carriers, chip companies, manufacturing, etc.
both sides of the aisle, the old school Wellesley college democrats were just the same. they didn't even think China would be able to make washing machines! you must remember that in the early 1980s the majority of whitegoods (washing machine, toaster, fridge, etc) were made in the USA and the idea of moving it to China was about as crazy as space data centres or self driving cars
these people were really good at fundraising and getting elected, nobody after kissinger was competent in these ideas (kissingers morality is debatable, but he was very competent)
> history is littered with self-obsessed autocrats ruining a good thing.
referring to China or the US?
i actually dont believe that china is heading towards autocratic rule. At least, the trajectory isn't indicative of such tbh. It's dictatorial - ala, the party's needs supersedes the needs of the population, but it doesn't make it autocratic imho.
On the other hand, the behaviour of trump and his goons, have shown more signs of autocratic behaviour than any in recent history in american gov't.
I guess the cowboy hats are working.
mainland chinese manufacturing and trade in the 70s and 80s was still mostly garments, appliance assembly and so on. the kind of thing you see in bangladesh today - even vietnam has mostly developed past garment manufacturing.
the world leading electronics manufacturing and precision components only began in china after bill clinton invited china into the wto in 99/2000 and the heavy capital started to flow. even by then, I don't think the USG expected shenzhen to exist
china didn't really move from bicycles to private car ownership until the 00s.
I mean its easy to forget; if you said in 1985, 1990, 1995, 2000, maybe even 2005 that china would be the worlds largest producer of cars, electronic cars, smart phones, drones, etc, on track to develop its own EUV lithography, and that many chinese cities would have the highest living standards in the world, you would have sounded ludicrous. intel was king and nokia/blackberry/motorola were the giants in cellular
although, the more damaging strategic trade decisions did come from clinton later i suppose.
Why do I see this being quote all the time on HN? China made one third of the value, mostly concentrating in commodity sector. In product / unit volume they are far greater. As in the 80% the OP mentioned.