US Capitalists Flock to China as US Gov’t Says STOP China
The Socialist Program with Brian Becker
The Socialist Program
4.7 • 587 Ratings
🗓️ 27 March 2024
⏱️ 31 minutes
🧾️ Download transcript
Summary
On today's episode Brian and Prof. Richard Wolff discuss US attempts to minimize China's production of computer chips, the scale of which is proving to be a big draw for US-based corporations. Is it really possible to ice China out of the global supply chain?
Professor Richard Wolff is an author & co-founder of the organization Democracy at Work. You can find his work at rdwolff.com.
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Transcript
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| 0:00.0 | Even as the U.S. government pursues a global effort to minimize China's role in the production of semiconductor chips, |
| 0:09.1 | the scale of China's capacity to produce is proving to be too big. |
| 0:14.3 | A draw for U.S.-based corporations is moving forward. |
| 0:19.0 | Is it really possible to ice out China on the global supply chain? |
| 0:24.6 | We need a new system. |
| 0:26.7 | We need a new society. |
| 0:28.6 | We need to demand that which may have sounded impossible even a few weeks ago, |
| 0:32.9 | but is not only realizable, but an imperative necessity. |
| 1:05.3 | Music but is not only realizable, but an imperative necessity. I'm We are very excited to have Professor Richard Wolfe join us again for our regular weekly segment, |
| 1:10.2 | where we talk about the biggest stories related to the economy, the state of the working class, |
| 1:11.1 | and the crimes of big business. I'm your host, Brian Becker. The Socialist Program brings you content several |
| 1:16.6 | days a week thanks to the support of our patrons at patreon.com forward slash the socialist program. |
| 1:23.7 | We appreciate all of your support and encourage you to become a patron today if you enjoy listening to this show. |
| 1:31.1 | Richard Wolfe is the co-founder of the Organization Democracy at Work. |
| 1:34.4 | He's the author of many books. |
| 1:36.4 | The latest being the sickness is the system when capitalism fails to save us from pandemics or itself. |
| 1:43.7 | Be sure to check out all of his work at |
| 1:45.6 | R-D-Wolf.com. That's R-D-W-O-L-F-F.com. Professor Wolf, welcome back. |
| 1:52.2 | Thank you, Brian. I'm glad to be here. |
| 1:55.6 | Last week, Richard, we mentioned to our audience that the U.S. had demanded that semiconductor chips be produced |
| 2:04.9 | in the United States at the same time as it was banning the interaction, the economic interaction |
| 2:11.5 | between various technology companies and Chinese firms and enterprises that relied on semiconductor chips. |
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