British media: "These problems in the United States are not China's fault"
2024-08-18
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An article published on the website of the British "Friends of Socialist China" on August 12, titled: American economists "expose" China's economy Bourgeois economists always look for every opportunity to discredit the Chinese economic system and spare no effort to promote the so-called superiority of the European and American capitalist economies. Sometimes they have to make far-fetched claims and distort logic and common sense to convince their billionaire sponsors, workers and the oppressed of the "eternal superiority" of US imperialist hegemony over the Chinese social and economic system.
Axios, a website representing bourgeois economists, recently published an article titled "Big News: China's Consumption Problem", attempting to paint a picture of the "end of the world" for the Chinese economy. However, the economic situation in China presented to readers is in stark contrast to the stagnant income and high prices faced by American workers and oppressed people. For example, the article says: Chinese workers' incomes are growing too fast, and people are saving more money, which is a bad thing. In the United States, 60% of workers live on wages, and once an unforeseen crisis occurs, they and their families will be at risk. But bourgeois economists seem to think that it is a bad thing for Chinese families to save part of their income for a rainy day. In addition, in the eyes of Axios's wealthy economists, China's low inflation rate is also a bad thing. American workers are now facing high inflation rates, and the prices of necessities such as food and gas are rising rapidly. To slow inflation, the Federal Reserve raises interest rates and deliberately pushes up unemployment to slow demand. In China, the government reasonably regulates the prices of necessities.
Axios said: "Many countries believe that China produces more products than their economies can absorb, which makes them unhappy." The article did not mention that China has gone from a high poverty rate after 1949 to a poverty rate of less than 1% today, which is an unprecedented and amazing achievement. Data released by the U.S. Census Bureau show that the official poverty rate in the United States in 2022 is 11.5%, and 37.9 million people are in poverty. Articles like Axios are not uncommon. Trump and Biden's trade war with China is in full swing, and such practices will cause prices to rise across the board in the United States and will not bring many jobs to American workers. But no matter who wins the election, the wealthy class of both parties in Washington and their servants will blame China for the crisis in the United States.
The high food and gas prices we face, the lack of affordable housing, the skyrocketing prices of education, health care and child care, the outdated infrastructure, the terrible prison system, the billions of dollars wasted on wars...none of this is the fault of Chinese workers or the Communist Party. The responsibility lies entirely with the parasitic ruling class of wealthy people in the United States.
In fact, China's extraordinary development provides us with a beacon of hope. It tells us that the struggle to empower workers and the oppressed, to take back ownership and control of production machinery from billionaires, to use scientific planning to guide the production and distribution of goods and services, and to reject the profiteering of Wall Street...all of this will bring real benefits to ourselves, our families, and the entire planet. (Author Chris Fry, translated by Qiao Heng)
