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The Socialist Program with Brian Becker

U.S. steps up high-tech economic war with China

The Socialist Program with Brian Becker

The Socialist Program

Politics, News

4.7587 Ratings

🗓️ 26 October 2022

⏱️ 29 minutes

🧾️ Download transcript

Summary

On today's episode Walter Smolarek and Prof. Richard  Wolff discuss how demonization of China has gone into overdrive as the  country chooses its new leadership, and how a key component of this has  been increasingly strident advocacy for so-called  “economic decoupling” from China. And in fact, just ahead of China’s  Communist Party congress, the U.S. government unveiled a harsh blow to a  critical sector of trade.

Professor Richard Wolff is an author & co-founder of the organization Democracy at Work. You can find his work at rdwolff.com.

Please make an urgently-needed contribution to The Socialist Program by joining our Patreon community at patreon.com/thesocialistprogram. We rely on the generous support of our listeners to keep bringing you consistent, high-quality shows. All Patreon donors of $5 a month or more are invited to join the monthly Q&A seminar with Brian.

Transcript

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0:00.0

As China chooses its new leadership, demonization of the country has gone into overdrive in the corporate

0:07.9

media over the last week. A key component of this has been increasingly strident advocacy

0:13.3

for so-called economic decoupling from China. And in fact, just ahead of China's Communist Party

0:20.3

Congress, the U.S. government

0:21.9

unveiled a harsh blow to a critical sector of trade.

0:26.4

We need a new system. We need a new society. We need to demand that which may have sounded

0:32.6

impossible even a few weeks ago, but is not only realizable, but the crimes of the working class,

1:15.0

and the crimes of big business. I'm Walter Smolerick, filling in for Brian Beck.

1:19.9

The Socialist Program brings new content three days a week, thanks to the support of our patrons at patreon.com slash the Socialist Program. We appreciate all of your support and encourage you

1:26.2

to become a patron today if you enjoy listening to the show.

1:30.3

Richard Wolfe is the co-founder of the organization Democracy and Work and the author of many books.

1:35.2

The latest being, The Sickness is the System.

1:37.6

When capitalism fails to save us from pandemics or itself, you can check out that and all of his work at R.D.Wolf.com.

1:47.2

Professor Wolf, so the Chinese Communist Party just wrapped up its National Congress.

1:53.5

The Congress takes place once every five years. It chooses the new top leadership for the

1:59.9

Communist Party and for the country's government. And so this has

2:03.3

been the opportunity for the mainstream corporate media in the United States to really go all in

2:10.0

on this new Cold War narrative, the demonization of China, China is out to get you, and we need to

2:16.3

spend lots and lots and lots of more money

2:18.1

on weapons because of it. But another big part of this, a central feature of the media commentary,

2:24.9

the commentary from politicians that we've seen in the last few days, relates to this big

2:29.6

theme of economic decoupling. What does that concept mean and what does it mean specifically for

...

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