What is the realistic strategy for “de-dollarisation”?
Instead of the chimera of general “de-dollarisation”, the correct Marxist strategy of development pursued by countries such as China should be taken as the model to be studied.
Theory
So-called “Peak China” is simply a Western campaign for China to commit economic suicide
Despite the fact that China’s economy continues to far outgrow all major Western economies the Western media is energetically promoting a myth of “peak China”.
China’s economy is still far out growing the U.S. – contrary to Western media “fake news”
China’s economy, as it heads into 2024, has far outgrown all other major comparable economies. This reality is in total contradiction to claims in the U.S. media.
Learning from China’s economic achievements
To understand how China’s socialism has achieved such great improvement in living conditions, the factual account must take precedent.
“Peak China” – a new low in Western attempts to persuade China to commit suicide
Those arguing the case for “peak China” propose that China should voluntarily commit economic suicide. That it should abandon the methods that have made it the most rapidly developing economy in the world and adopt the methods of the less successful.
The U.S. murdered Germany, Japan and the Asian Tigers – now it tries to persuade China to commit suicide
The U.S. knows from its experience in defeating Germany, Japan, and the Asian Tigers that a decisive way to slow a competitors growth rate is to get it to reduce its level of investment. The problem for the U.S. is that it has no means to force China to reduce its level of investment.