‘Multinational corporations are increasingly playing a role in the new Cold War between the United States and China,’ says Mark de Vos, dean of the Macquarie University in Sydney and an Itinera think tank.
What a bad week of globalization. Although the Suez Canal is actually blocking international trade, the EU is proving the superiority of the nation state in fighting the epidemic every day. The union is not only in turmoil domestically, but is on the verge of pushing its credibility as a manufacturing hub for vaccine nationalism. India already exists. What would you expect from other countries if globalization left even architects?
US President Joe Biden is also making full progress in following China with its planned economy. The $ 1,900 billion ink has not yet dried, which is already announcing a $ 3,000 billion government investment. Add to this the previous stimulus packages and the upcoming Federal Reserve money printing business, the number of government injections exceeding $ 8 trillion. If this does not bring about a spectacular economic recovery, I do not know.
Multinational corporations are increasingly playing a role in the new Cold War between the United States and China.
Western multinationals would be happier than eating from the top of political recovery plans. But they are poisonous gifts. Reliance is a new natural temporary positive indicator that undermines their earnings model. Multinational corporations are thankful for transnational production chains that reduce costs and increase revenue. That golden age is now coming to an abrupt end.
Economic nationalism was still a word of truth under Donald Trump, and now it is an ideal. The fight against global warming is the fight against imports from cheap producing countries. Epidemic demands flexible and autonomous local production everywhere. Under the geo-strategic rivalry between the superpowers, national security and security are barriers to anything coming out of China, until further notice by the World Trade Assembly plant.
As if that weren’t enough, multinationals are increasingly playing ball in the new Cold War between the United States and China. There is nothing new under the sun for China. No company can do business in China without submitting to the agenda of the communist regime. In the past, that meant technology transfer, political interference or intellectual property theft. Now the prize is complicit in the Chinese government campaign.
The list of companies under pressure from Chinese censorship is getting longer. Woe to your bones when an employee, CEO or spokesperson from anywhere in the world settles an unusual word about Chinese sanctions such as Taiwan, Tibet, Tiananmen or Xinjiang. An official sabotage from the authorities and an unofficial uprising of millions of consumers await, which is being fueled by an aggressive witch hunt on social media.
Fashion chain H&M and sports brand Nike are the last targets of furious Chinese anger.
Fashion chain H&M and sports brand Nike are the last targets of furious Chinese anger. Several months ago, they expressed concern about the fate of the Uyghurs in Xinjiang. Last week their articles suddenly disappeared from major Chinese internet stores and their stores were abruptly removed from Chinese search engines. The regime called on Chinese Internet companies to boycott the regime. All Chinese retaliation against the United States and Europe, thanks to President Biden, puts human rights back on the table.
Western multinational corporations swear by stability, social responsibility and human rights. In the long run, that lip service is easy and cheap. It’s over. If the US and Europe get caught and China continues to intimidate, it is choice or participation. Either you trade in China or not, then you are complicit in the crimes of the Chinese regime. Either you stick with Western and Western values, and then you leave the Chinese market.
What a bad week of globalization. Although the Suez Canal is actually blocking international trade, the EU is proving the superiority of the nation state in fighting the epidemic every day. The union is not only in turmoil domestically, but is on the verge of pushing its credibility as a manufacturing hub for vaccine nationalism. India already exists. What would you expect from other countries if globalization left even architects? US President Joe Biden is also making full progress in following China with its planned economy. The $ 1,900 billion ink has not yet dried, which is already announcing a $ 3,000 billion government investment. Add to this the previous stimulus packages and the upcoming Federal Reserve money printing business, the number of government injections exceeding $ 8 trillion. If this does not bring about a spectacular economic recovery, I do not remember. Western multinationals would be happier than eating from the top of political recovery plans. But they are poisonous gifts. Reliance is a new natural temporary positive indicator that undermines their earnings model. Multinational corporations are thankful for transnational production chains that reduce costs and increase revenue. That golden age is now coming to an abrupt end. Economic nationalism was still a word of truth under Donald Trump, and now it is an ideal. The fight against global warming is the fight against imports from cheap producing countries. Epidemic demands flexible and autonomous local production everywhere. National security and security under geo-strategic competition between the superpowers refers to sanctions against everything coming from China, and until further notice, the assembly plant of world trade. As if that weren’t enough, multinationals are increasingly playing ball for the United States and the New Cold War. China. There is nothing new under the sun for China. No company can do business in China without submitting to the agenda of the communist regime. In the past, that meant technology transfer, political interference or intellectual property theft. Now the prize is complicit in the Chinese government campaign. The list of companies under pressure from Chinese censorship is getting longer. Woe to your bones when an employee, CEO or spokesperson from anywhere in the world settles an unusual word about Chinese sanctions such as Taiwan, Tibet, Tiananmen or Xinjiang. An official sabotage from the authorities and an unofficial uprising of millions of consumers are being driven by an aggressive witch hunt on social media. Fashion chain H&M and sports brand Nike are the last targets of furious Chinese anger. Several months ago they expressed concern about the fate of the Uyghurs in Xinjiang. Last week their articles suddenly disappeared from major Chinese internet stores and their stores were abruptly removed from Chinese search engines. The regime called on Chinese Internet companies to boycott the regime. All Chinese retaliation against the United States and Europe, thanks to President Biden, puts human rights back on the table. Western multinational corporations swear by stability, social responsibility and human rights. In the long run, that lip service is easy and cheap. It’s over. If the US and Europe get caught and China continues to intimidate, it is choice or participation. Either you trade in China or not, then you are complicit in the crimes of the Chinese regime. Either you stick with Western and Western values, and then you leave the Chinese market.
