An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Friday, March 3, 2017
Chris Scott — China passive aggressively sanctions S Korea in response to THAAD
China imposes economic sanctions against Taiwan in response to missile threat.
WSWS: Trump administration considers military strike against North Korea https://www.wsws.org/en/articles/2017/03/04/kore-m04.html
Beijing has already agreed to tough UN economic sanctions against Pyongyang and last month suspended imports of coal—North Korea’s largest export item. However, China is wary about provoking a crisis that could lead to a collapse of the Pyongyang regime and the integration of the Korean Peninsula under Washington’ aegis.
Horse-trading. Now that China is essentially state capitalist, what do they have to fear from a re-unified Korea, other than competition in the marketplace?
In return for pulling the plug on the NK regime, trade sanctions and rhetoric regarding the South China Sea would be quietly dropped. This could be a win for China and Korea.
WSWS: Trump administration considers military strike against North Korea
ReplyDeletehttps://www.wsws.org/en/articles/2017/03/04/kore-m04.html
Beijing has already agreed to tough UN economic sanctions against Pyongyang and last month suspended imports of coal—North Korea’s largest export item. However, China is wary about provoking a crisis that could lead to a collapse of the Pyongyang regime and the integration of the Korean Peninsula under Washington’ aegis.
Horse-trading. Now that China is essentially state capitalist, what do they have to fear from a re-unified Korea, other than competition in the marketplace?
In return for pulling the plug on the NK regime, trade sanctions and rhetoric regarding the South China Sea would be quietly dropped. This could be a win for China and Korea.