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https://www.youtube.com/watch?v=lriWlHZAy8A

Never turn your back on Russia (The Ripper), Zelinsky. The end nears.

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9 April 2024 The Infamous Rules Based Order Re Defined, and Re Jected

‘International Law and the Russian Invasion of Ukraine’ February 25, 2022

https://www.lawfaremedia.org/article/international-law-and-russian-invasion-ukraine

The author is a deep state grunt, but capable of intelligence on occasion, not a foolish lawyer for hire, like Philippa Webb (see her CBR drama piece for the European Parliament)

Nonetheless provides a justification of dismissing international law in favour of a fuzzy reading of European history – instead of any attempt to define International Law, or to improve application thereof

Why can not the West do better than this ? ‘Because we do not have to’

Reason One - Explicit -The ascription of agency, and hence the Law, to ‘the most powerful countries’ only : nostalgia for the nineteenth century

The old colonial mindset is still beating it’s heart

« Today, the international community should reinvest in norms of territorial integrity and sovereignty through international law, even at the occasional expense of humanitarian objectives (which should be pursued vigorously through other avenues). The work of the United Nations should focus on interstate peace and territorial integrity. And the international community should think of new approaches to ensuring peace among the world’s most powerful countries. A new “Concert of Powers” modeled after the “Concert of Europe” formed in 1815 is an intriguing idea, one that would bring powerful countries together in an informal forum that offers more space for real dialogue than the U.N. Security Council does. Safeguarding against interstate war is itself an enormous task for international law and international institutions, as the current events in Ukraine demonstrate. »

Reason Two : Explicit- The ascription of good (humanitairian) intent to us, but bad intention to them : intent is 9/10ths of the law

So that our contraventions of international law, those cited by Putin, are absolved of their illegalities, destructions and deaths, legitimised by the fact of their good intent…

Reason Three : Explicit- Existing international ‘bodies’, specifically the hitherto most presitigious of all the UN, are inadequate to purpose

Why the UN should be dis regarded is not made explicit – one may assume it’s because of the presence of all those pesky non powerfuls who always disagree with ‘us’

Except those the west has under control, like Kenya, who’s self serving declared acceptance of colonialist borders merely justifies the continuing status quo of the colonial powers chosen dominant tribes and leaders, and familar ruling class- with repression of the same minorities and the same poor

So-Kenya agreed to send policemen to Haïti – luckily for these policement Haïti decided otherwise

Reason Four : Implicit – it is very hard work thinking up how to form and to conform to and to enforce international legal tribunals or assemblies, a habit of thought the west has lost, along with the power/influence to dominate such to the extent of being able to ignore them

The failure of the west is structural and systematic, the west is de structured and de intelectuelaised just as it has been de industrialised, for the same reasons and to the same results

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Annexe

Please note the RF re jection of the US illegalisms as reported by -https://karlof1.substack.com/p/telling-it-like-it-is-russias-foreign

On March 27, Foreign Minister Sergey Lavrov chaired a meeting of the Ministry's board on Russia's foreign policy and international legal mechanisms: current challenges.

« The Board noted that the system of international law based on the purposes and principles of the UN Charter is undergoing a serious test of strength. As part of the hybrid war they have unleashed, the Westerners are taking a number of illegal steps, including unilateral coercive measures, manipulating the instruments of international justice in the hope of undermining the legitimacy of their competitors' actions, weakening their positions in the international arena, and seizing foreign assets. Russia and its friendly states are subjected to similar pressure on the "legal front". Behind all this is the course of the United States and its allies to undermine the principles of the UN Charter and other universal legal norms, to replace them with a "rules-based order" invented by the West in an attempt to slow down the objective process of forming a fair multipolar world order. »

« Under these conditions, Russia will not only continue to effectively resist the "legal aggression" of the West, but will also take offensive actions to hold accountable states that violate their international obligations. At the same time, it is important to resist the actions of the West to politicize international justice bodies and other multilateral structures. It was also recognized that it is necessary to step up collective efforts in the legal sphere together with like-minded people against the illegal neocolonial practice of unilateral coercive measures. As a follow-up to the interdepartmental inventory of the legal framework of the Russian Federation's international relations, which was carried out in an interdepartmental format in previous years, the legal analysis »

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💯

“The U.S. funds wars, while China funds development.”

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US Bombs, China Build

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The mask is off, you go full anti semite.

You blame the Jews for the choices the US government decided to itself.

The US government is an aggressive Imperialist state, and was one way before the founding of Israel.

The victim mentally and scapegoating is pathetic.

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Jewish influence on the USA goes back to its revolutionary days. But that aside, you are correct in the sense that the USA was from its beginning a willing and eager colonialist state destroying everything and everyone in its path to accumulate great wealth and power - but much of that colonialist power was heavily driven and energised by Jewish money derived from the Rothschilds and their Jewish banking allies in London.

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People trying to pretend the US government is some innocent dubed victim, misled by the Jews annoys me.

Zionism sucks, but the zionists are not the reason the Americans have a chappy far right government, that has a massive prison population stagnant wages, and has a chappy economic policy.

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You are correct. The USG is not innocent by any means. But the particular talent that the jews have utilised over the millennia is that of having no problem at all in using people's spiritual and moral weaknesses against them. So rather than helping to restrain those weaknesses and build a better civilisation, they choose instead to utilise them to their fullest, playing on them to destroy societies, wreak havoc among the people and most importantly to gain immense wealth and power through any means possible - usury, gambling, prostitution, drugs, slave trade, organ trade, child trade and other human trafficking, funding wars, causing political upheaval and chaos, pitting people against each other to gain leverage - all aimed at destroying the world and sucking all its wealth.

This cadre of jews who have worked tirelessly over the millennia think they have it in their grasp now:

"From this day to the ending of the world,

But we in it shall be remember’d;

We few, we happy few, we band of brothers"

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Money

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This is the Steam achievement "Maximum level of antisemitism". 2% of players have achieved this.

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Yeah, because any criticism of Jews is automatically shut down (not necessarily here) as being 'anti-semitic'. They are the holiest of holies, beyond any questioning or accountability.

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Why don't you replace "criticism of Jews" with "criticism of the Jew" or "criticism of the eternal Jew", what would be wrong with that? Theatre of the absurd here.

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azrael, If you're going to slap "anti-semite" stickers on anyone who identifies who the criminals are you might want to define that slippery-when-wet pile of poo for those of us who aren't familiar with the workings of a Talmud/Tora-trained mind.

Please provide us, in your own words, a definitive definition of the phrase so that moving forward we're all on the same page.

Let me give you my definition so that you know where I'm coming from:

"Anti-Semitism" is anything that exposes jewish malfeasance, murder and mayhem.

Now, Please show me yours. lol

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Whole sale attributing unsdesirable features or behaviors to a certain ethnic or religious group should be the text book definition of racism (including antisemitism).

Read Victor's post again and your own and you'll find plenty examples.

Secondly turning this discussion about politics and ideology into a "racey" subject about the jews. I can't get any more blunt than that, I can send you text books from my German Nazi grandpa though.

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No, not *the* reason.

However...

*Offing contrarian presidents or contenders (JFK, RFK), compromising most of those who wouldn't sell out willingly.

*Substantially controlling Congress.

*Being a profit center for 'defense' contractors.

*Embedding yourself in critical defense and civilian networks.

*Owning/compromising most of mainstream media.

*Embedding yourself in key positions in social media.

*Systematically over decades propagandizing and otherwise cultivating support

among Evangelical rubes.

*Operating extensive clandestine influence operations in social media.

...add up to no small amount of influence.

As for innocent - well, no. But the duped are legion.

Plenty of Republicans out there who either fail to see or refuse to acknowledge

what is very obvious to the rest of the world: that the Israeli tail consistently and effectively wags the American dog.

How can we take seriously people claiming to be 'America First' who either just don't get or refuse to acknowledge that under prevailing circumstances the US cannot be even considered an independent country?

Kind of thought we had sorted that out a few centuries ago, apparently the matter needs revisiting.

"The blood of every Palestinian is on the hands of every American.

- Scott Ritter

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Far right government you say. I don’t think so. We are so progressive and open minded our brains have fallen out.

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Depends. If you personally identify as a three-headed lesbian, sure.

If you are a single mom who gets hurt in an auto accident, not so much.

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The only progress brought to us by the progressive and opened minded is progressive decline.

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Ha!

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The form of corporate Progressivism you mention is fascist to it's core. The left fist of the "right/ left Judeo fascist enterprise". Purchased, paid for and controlled by the financier class. Open? That's window dressing for the harpies. No real difference between mainstream Progressives and Conservatives beyond superficial divisions, like team colors on the same field. It's a game. Progressive, Conservative, Totalitarian, Fascist, Asshole; it all fits.

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We live in a feminist police state how is that open minded and progressive?

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You are a strange brew my man. Not sure if you know if you are coming or going. You’re all over the fucking map. Got a feeling not much makes you happy lol. Good luck

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Here is an unrolled twitter thread worth saving on their control of the US slave trade (Judah Benjamin, etc...).

https://archive.ph/fqZ7a

"500 years of jewish rule" on how much of this started after they were expelled from Spain and took over Amsterdam mid 1500's, building central banks and stock markets to manipulate countries.

https://boards.4chan.org/pol/thread/464345263/forbidden-knowledge-500-years-of-jewish-rule

We have waited far too late, and the country is now destroyed, our people are in ruin. Our elderly are still brainwashed into supporting our persecutors, it's like a nightmare waking up and realizing one is in hell.

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Behind every great evil is a Jew. Jews run the West. Facts is facts.

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Great Leap Forward?

Rwanda genocide?

Wounded Knee?

Rape of Nanking?

Reality is grim enough - doesn't require exaggerating.

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Tamils in Sri Lanka and please do not forget Rwanda.

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I suppose calling you an antisemitic scumbag will get me banned. Lol

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I hope you're allowed to continue to post your hasbarah talking points here, aasghhh.

We're not as exposed to your style of propaganda as much here as we are on other sites. Even jewish supremacists like you seem to temper the worst of your excesses, or perhaps it’s just that Hasbara Central doesn't allow the usual unintelligent riff raff to comment here knowing full well most of the people who come here to read Simplicius and the comments are tonnes smarter than you lot. We’ve got your number.

Still, exposing your bigotry and unreasonable dissembling in public forums like this are valuable tools when trying to understand the inner workings of the troubled minds of the tribe who hate everyone not like them.

So...please keep doing what you’re doing. You’re opening even more eyes, while closing off the hearts and minds of those you desperately need to keep on “your” side if you, (as a collective), are to prevail.

Epic Fail.

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Your account shows you have only been here 2 weeks. In that time you've made only 2 comments, one of them calling someone "homophobic", the other baselessly accusing someone of being an "antisemite". This not only indicates the actions of an agent provocateur, but is also extremely low effort divisive posting which is not allowed here.

Consider that your final warning.

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"agent provocateur" -> Certain

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You accuse me of being an agent provocateur. You sound just like a paranoid Nafo supporter who accuses everyone who doesn't agree with them of being a Kremlin agent.

You do some amazing work, but you are objectively an enabler of vile disgusting people under the guise of free speech.

You are an antisemite so you can shove your warnings.

Your comment section is full of nutters ranting about the Jews and raving about baseless conspiracy theories about the Frankfurt school.

Go ahead and ban me, you coward. Don't posture about being free speech in future posts.

Also I don't remember calling anyone homophobic, but I mostly did call one of your far right followers one, since they do hate gays.

Also in the past seen one of your far right nutters pedo smear someone too. Did you warn them? He straight up called someone who commented here a pedo.

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“antisemite”!?! Puts My Ray’dar UP !!

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“antisemite” !?! Puts My Ray’dar UP !!!

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There's a difference between jews and Israel and anyone using them interchangeably is doing a great disservice and harm to jews. I don't see Simplicius blaming jews for anything. Israel is a criminal, toxic project created by the cabal (both Jewish and non-Jewish) by weaponising the misery of jews.

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You are correct, but it's complicated. No oner should claim the world's woes on ALL Jews. Indeed, the great majority of Jews in the global diaspora are hardworking, honest, family-oriented members of their respective resident countries. However, having said that, there is a small minority of very powerful and wealthy Jews in the media, government, banking and academia who have shared significant and out-sized percent responsibility for Western-based wars, slavery, colonialism, human trafficking, organised crime, financial crises, predatory capitalism, deterioration of social mores and undue political influence in their respective countries and across borders. Most of these are hardened zionists and support zionist causes throughout the world towards the support of the illegal state of Israel. It is this small percentage of Jews, with power and influence far beyond their relative numbers in society, who should be identified and removed from influence in the world.

As for your statement concerning "misery of jews", I can only agree to disagree - most jews, because of their cultural bent towards higher education, live pretty comfortable lives, them and their families - attending the better schools, and thus achieving a higher standard of living than their non-Jewish peers. I see very little "misery" among jews with the possible exception of self-generated misery.

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Apr 9
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Diaspora doesn't need to be from one country of origin - it can be more than one - take, for instance, the Jew - dispersed among the nations from the Levant and from the Khazars of Turkic origin who were thrown out of their territory by the Russians. So I suppose technically, we are talking about 2 diaspora?

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Apr 9Edited
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These two dispersions being of blood-related families from a single region spreading across the globe. Christians and Muslims are not blood-related families.

If you wish, we can agree to disagree on this.

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Also, to take your point further, and mine, we are also talking about those normal Jews who are hardcore zionists as well as those close followers of the Talmud and its anti-gentile doctrine - large numbers of Jews fit into these categories.

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Find me a Jew group who opposes occupied Palestine ? Also it is insulting to national socialists to equate zionism to national socialism. Can anyone disagree with Mein Kampf ? He was truly a man beyond time and tried to save the west from these sin merchant parasites.

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FWIW - lots of interesting material on this site re: Khazaria

archaeological, genetics, medieval accounts and much more:

http://www.khazaria.com

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I meant the past misery of jews, historical trauma to be more precise.

About a small percentage of much too powerful jews, I would say it's better to call them zionists instead of jews. I doubt if any of those even care about Judaism.

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The convenience of being jewish is to be able to claim ethnicity, nationality and religion all simultaneously. This allows the jew to change the direction of the conversation at will and keep the opponent off balance.

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"I meant the past misery of jews, historical trauma to be more precise."

And conveniently forgotten is the misery caused by those same jews on others.

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Also forgotten (and suppressed) is the history of truly revolting activities of some Jews in the Middle Ages — sanctioned by their “holy books”.

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The new always complains that he was persecution but never why

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Isreal is the Jew project. Over 80% Jews in USA support isreal. They are interchangeable. Israel is just those criminal HQ for Theo parasitic sin merchant schemes.

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Furthermore for a jewish person to even speak unkindly of the isreal project quickly earns them pariah status, with all the attacks that entails.

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I'm guessing those with this opinion have very little sense of American Jews. Those on the left (vast majority) care very little about Israel other than the benefits they can get from claiming status.

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America Jews. lol. More like Jews who happen to be in America.

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I think you are speaking an untruth here.

"other than the benefits they can get from claiming status."

If they didn't care they wouldn't claim the status. That does not mean they care for Israel the state, they care for Israel, the money laundering project.

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All major jewish organizations and all jewish colleges stand with Israel and its genocidal actions against Palestine. "They" care about ethnic cohesiveness more than about decency.

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Apr 9Edited

The only Jews that are Semitic pal are the indigenous to the Levant. You're talking shite, it's the ashkeNAZI that are the anti-semites.

Learn to read for comprehension and maybe you won't be such a triggered karen.

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The bitter irony here being that the current batch of "European settlers" in the middle east are destroying a people that are more closely related to biblical jews. They may even be aware of this making the drive to exterminate them all the greater.....

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Yes, it is ironic that the very people targeted by the zionist entity are most likely originally jews converted to Islam many years ago.

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This was confirmed by Ben Gurion!

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Good point.

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You suffer from "cognitive dissonance.".

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I don't think so. The PANC was adopted wholeheartedly by the US hawks, indeed Wolfowitz and Co. saw Israel (as it is) as a US proxy and not the other way round. I agree it is always provocative and therefore dangerous to highlight this in point scoring asides. But the US and its ruling class is the master here - not the servant. That relationship is creating some tension at the moment.

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So then we can cancel the 10 million "above board" tax dollars a day and cease the "all you can eat" free weapons shipments?

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The US ruling class are predominantly jews.

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They have destroyed our entire country for their dumb Zionist project.

They will be forever remembered as traitors.

Brother Augustine who is one of the few good ones, here explains how antisemitism will end: https://files.catbox.moe/48x2w8.jpg

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Nope, they haven't destroyed your country. The US government did it to themselves. Scapegoating is for cowards.

Americans are too stupid to want a national health service, and have drunk the "free market" kool aid.

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Please to show your true hasbara colors.

The scrit is always the same, and it degenerates thusly....

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The USG is bought for by those immensely rich and powerful zionists who have made certain that fellow jews are placed in high, influential positions in the US where their decisions impact US policy.

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The US is not committing suicide: it is being murdered.

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All three of these Israeli prime ministers used terrorism to gain power:

https://files.catbox.moe/df42sq.png

JFK warning Israeli's were committing terrorism to get their way politically:

https://files.catbox.moe/8ssfzv.png

Stern Gang sent several letter bombs to Truman (and many other places) at the White House to get their way

https://files.catbox.moe/dp72ys.jpg

https://files.catbox.moe/h4cuh6.png

They even attempted to assassinate Winston Churchill, then magically he starts to appease them. This was all to force the US to help them create the State of Israel, where they would use the US as their military arm to bomb the middle east for decades.

https://files.catbox.moe/x7ft7j.png

We lost the Civil War to a central banking cartel (they label all their defeated foes, as people fighting for "racism" and no other reason, see Civil War and WW2) who wanted the US citizens to still believe they were free so they would go to war for them and be their tax slaves. We aren't going to be shut down anymore by screams of "antisemitism." If that's what the truth is labeled than so be it.

Usury must be a crime punishable by death, as that's the root of all this global misery. Babylonian financial alchemy they learned during their Babylonian exile: https://files.catbox.moe/l8cc39.png

Enough is enough, they are busted and we have the receipts.

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Excellent round-up....the hasbara trolls have very little left to trot out, other than just shooting the messenger and screeeching "Thats not TRUE!!! AntiSemite!!!"

If diversity truly is our strength, then why is the current presidential cabinet so homogenous?

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Calling out your cowardly racism and anti semtism is trolling?

Okay racist 👍

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Such a dirty little pigeon !

“I dont often discriminate but when I do, it’s based on content of character”

(And you sir, are a rube!)

So take your fake-assed accusations, your agent provocateur posturing, and beat it back to twitter!!

And STAY gone

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You support the South in the civil war? Okay racist 👍

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Please resist the urge to get juvenile

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Which semites are you referring to? Surely not the Europeans living in the middle east?

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I don't think most of our middle east adventures would have happened if it weren't for the influence of Israel.

They wanted Iraq neutered in 1991 after they had bled out Iran sufficiently. It was Israel who wanted the government of Syria toppled because they'd rather have a Syria led by incompetent jihadists that they could bomb any time they were feeling froggy.

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The US has been an imperialist state long before there was an Israel, but Israel certainly encourages American imperialism for its own benefit, or need I trot out Netanyahu assuring the US Congress that Iraq was simply chock-a-block with WMDs?

The two statements are not mutually exclusive, and need not imply antisemitism.

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I hate to agree with you, because all of Simplicius' work is utterly fantastic. They should just drop these kinds of lines, it adds nothing to anything and tarnishes the rest of their work.

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The Xiaomi factory can only be described as a beautiful piece of art and engineering - a wonder to behold.

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makes me wonder just how they keep it clean. muck, debris, spoil is going to accumulate for sure... in all the worst places as usual..

and all those machines will need servicing, every one.

and all liable to breakdowns and particularly those 'minor' breakdowns like perhaps doing a spot weld 20mm away from where it should be. Or drilling a hole in the wrong place a mere 2mm away so's the next machine cannot insert the bolt..

All that kind of stuff.

Note I'm not saying it won't work, can't work, doesn't work. Not at all. I accept it can and does.

I just mean: it wouldn't be all that easy... in fact I can well imagine a mountain of hassles..

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No project worthy of high v alue comes without great effort - those factories didn't just appear out of the fog. Nor will they continue to exist without effort. Today's factories and workplaces are far cleaner than they used to be - again, that is no accident and is certainly not the result of sitting around and enjoying life whilst all your work deteriorates.

So in effect, not sure I see your point.

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well think about it. not up in the stratosphere. down on the ground. I'm simply making a 'chatty' observation that there must be a hell of a lot more involved there than we see.

does that make it clear?

perhaps an illustration: madame typically thinks the motor of the car will run forever and so will all its parts, etc. motor mechanics and even an ordinary man usually knows different.

when hearing madame happily chattering to her friends a man may give a knowing eyebrow lift to a friend savvy?

I lifted an eyebrow.

permissible?

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Because the US didn't build it..it will fall?

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That's gratuitous arch sarcasm and a non sequitur directed at a person rather than the subject and adding nothing to the thread. Rather detracting from it by deflecting attention, interposing an inaccurate irrelevancy and generally lowering tone and tenor. That's what we call 'ad hominem' and I will have nothing to do with such. We are done.

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Amateur deflection.

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It's more like if America or Japan doesn't built it, it will fail. If China or India builds it... it will certainly fail.

Why? Because those countries have no pride in their work or craftsmanship; it's just fulfilling a batch order and moving on to the next one. No returns, warranty claims, or class action lawsuits to worry about or deal with. Unlike, say, Japan, who views shoddy work to be dishonorable. Japan cranks out smaller volumes of product at much higher cost but extremely high quality. They value quality over quantity.

Compounding the problem is a global consumer base who want cheap, throw-away and replace items so you end up with China gladly filing that gap. The Clintons (through their connections with Wal-Mart and their Arkansas Mafia) made that happen for America long ago. It was a sucker punch to the Made in the U.S.A. movement and a kick in the teeth for small businesses. A win-win for the globalists.

There's really no simple solution as the U.S. government does everything in their power to crush domestic manufacturing through regulations and incentives for off-shoring. i.e., We're not going back to the glory days of the 1950s and 60s with made-for-life products produced and sold on U.S. soil.

All we get is U.S. dollars flowing straight into the coffers of China and up to our necks in landfills overflowing with destin to fail, broken, toxic, shit products that get shipped over here.

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When things get bad enough the conditions for the Artifact Integrity Revolution may align.

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Every time the U.S. somehow manages to pass some legislation that would be friendly to small to medium businesses and domestic manufacturing, they accompany it with some EPA or financial compliance regulations that strangle the life out of the business.

Or, in a much more recent example, inserting a bunch of impossible DEI requirements into the CHIPs Act, ensuring that no semiconductor companies want to open new facilities in the U.S. because the subsidies aren't worth it when you can't hire a competent work force to build the factory or to work in it once it's complete.

The Democrat legislators who dreamed up the CHIPs Act probably legitimately thought this was going to be another opportunity to create low-IQ union factory jobs for lots of women, trans, and minorities because they had zero understanding of the skill level required to manufacture cutting-edge chips.

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How do they keep it clean?

Maybe by cleaning it? People that is?

Those machines need servicing?!

Wow! What a revelation! That's a first in industrial production, fer shure, dude!

"I can imagine a mountain of hassles."

I can imagine a mountain of production.

"...it wouldn't be that easy..."

What exactly do you mean by "that easy"?

Who said it would be "that easy"?

You do realize that automated production using robots is nothing new, right? It is the scale that is new.

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What exactly are you trying to say here?

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makes me wonder just how they keep it clean. muck, debris, spoil is going to accumulate for sure... in all the worst places as usual..

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As I mentioned in my reply to you above, you design the factory, from the very beginning, to capture all the debris. Microchip manufacturing does that to an anal retentive degree, a robot car factory can be several orders of magnitude dirtier, yet still be unholy clean by human staffed factory standards.

Side note: your expectations re factories are precisely what Elon Musk has had to overcome in getting Tesla to where the Chinese now choose to copy it.

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1. Absolutely those machines will need servicing, a fact of machine life, but

2. This is a Chinese copy of a Tesla Giga-factory and they have taken the Elon Musk "Build the machine to build the machine" and "Design for manufacture" mantras, and turned them up to 11.

The Xiaomi copy of the Model S (they even call it the S7 lol) is designed to be built by robots. The point of using robots is they WON"T make mistakes and will build to high tolerances repeatedly. And if a robot fails, it should be built to fail *safe* i.e stop away from its workpiece.

Human staffed factories are dirty, because humans are dirty. Go to any food factory to see the amount of training and attention to process detail needed to produce safe food. Does a robot staffed factory produce debris? Sure, but look to microchip making.. If you design in cleanliness from the beginning you can work with quite horrendous materials and maintain an astonishing level of clean...

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what is your point? do you have one?

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Chinese machines do Tai Chi for 30 minutes every day. They never break down!

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ahh so....

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To add to S's comments please find this from Arnaud Bertrand

9 April 2024 China overcapacity Arnaud Bertrand

https://nitter.poast.org/RnaudBertrand/status/1776486765463048674#m

It’s interesting to think through what Yellen is actually saying when she asks China to address its “industrial overcapacity”, particularly in fields like solar panels or EVs.

First of all, what is “industrial overcapacity”? The official definition for it is “when an industry's production capabilities exceed the demand for its products, leading to inefficiencies and reduced profitability”.

What are the key metrics to assess if a country has “industrial overcapacity”? There are 3:

- Capacity utilization rates: this shows the % of a country’s industrial capacity actually being used. If you don’t use much, you have too much capacity.

- Inventory levels: high levels of unsold goods can indicate that production exceeds demand, suggesting overcapacity.

- Profit margins: declining profit margins in manufacturing sectors might indicate overcapacity, as firms may reduce prices to stimulate sales.

So let’s look at China for all three.

Let’s start with capacity utilization rates. Look at the graphs: it’s crystal clear they’ve been pretty much constant in China for the past 10 years, standing at roughly 76% right now, which is in the same ballpark as America’s own utilization rates at about 78%. So no issue there.

Now let’s take a look at inventory levels. As of the beginning of 2024, China’s finished good inventory PMI index stood at about 49 (en.macromicro.me/collections… ) vs the US at 48 for manufacturing inventories (en.macromicro.me/collections… ). An index of over 50 is a sign of growing stock levels: this is not the case here for either country, so there is no issue with inventory levels.

Lastly, let's check profit margins. China’s industrial profits rose 10.2% in the first 2 months of the year (bloomberg.com/news/articles/… ), consolidating a gaining streak since August last year. So no issue there either.

So what gives? No matter how you look at it, there is just no sign of industrial overcapacity in China.

By accusing China of “industrial overcapacity”, could the US maybe mean that China is breaking WTO rules by practicing “dumping”, meaning the practice where companies export products at prices lower than what they charge in their home market, or below the cost of production? No, this is not what China is accused of doing here: despite the very low prices for its EVs or solar panels, the companies involved still make a profit (heck, as we just saw, industrial profits are rising at double digit growth), and they DO charge higher prices abroad than at home.

No, the real issue here is in fact not one of industrial capacity but one of competitiveness. What is crystal clear is that the competitiveness of Chinese companies is overwhelming: today, in scores of industries - like solar or EVs - there is simply no way for American or European companies to compete with Chinese ones. This is the real issue: Yellen and Western leaders are afraid that if things keep going, China will simply eat everyone’s lunch.

Contrary to popular belief, this competitiveness isn’t thanks to Chinese "cheap labor". One guy who explained this extremely well is Apple’s Tim Cook (inc.com/glenn-leibowitz/appl…): “There's a confusion about China. The popular conception is that companies come to China because of low labor cost. I'm not sure what part of China they go to, but the truth is China stopped being the low-labor-cost country many years ago. And that is not the reason to come to China from a supply point of view. The reason is because of the skill, and the quantity of skill in one location and the type of skill it is.” He credits the Chinese education system for this: “I give the education system a lot of credit for continuing to push on that even when others were de-emphasizing vocational [...] China called that right from the beginning.”

Having a huge depth of skills is one thing, but there is also control of the entire supply chain since China is the only country in the world that produces all categories of goods classified by the World Customs Organization (WCO). This gives it a key advantage when it comes to end prices: when you want to build something in China you can literally find the entire supply chain for it at home.

Energy prices is another thing: for instance the International Energy Agency highlights that "low-cost electricity is key for the competitiveness of the main pillars of the solar PV supply chain" (iea.org/reports/solar-pv-glo… ) and "around 80% of the electricity involved in polysilicon production today is consumed in Chinese provinces at an average electricity price of around USD 75 per megawatt-hour (MWh)". For comparison, in 2023 energy prices for industrial customers in Germany averaged 251.21 USD per megawatt-hour (MWh) (statista.com/statistics/1346… ): that's an incredible 234.94% more expensive!

Lastly, China has become an innovation powerhouse. In 2023 it filed roughly as many patents as the rest of the world combined (brevettinews.it/en/patents/w… ) and it’s now estimated to lead 37 out of the 44 critical technologies for the future (aspi.org.au/report/critical-… ). All this too has implications when it comes to the final prices of its products. To take the example of solar panels again, the IEA notes that "continuous innovation led by China has halved the emissions intensity of solar PV manufacturing since 2011" (iea.org/reports/solar-pv-glo… ), which means that not only does China have raw electricity prices which are immensely cheaper than in the West, but it's innovated in such a way that it uses way less electricity in the production of its solar panels...

So “the threat of China’s industrial overcapacity” is a buzzword that actually means that China is simply too competitive, and by asking it to address this, what Yellen is truly asking of China is akin to a fellow sprinter asking Usain Bolt to run a less fast because he can’t keep up.

Now I’m not saying there isn’t some merit in this ask. At the end of the day, it’s understandable that when you see a competitor continuously gaining in strength, you grow quite anxious as to your own future and that of your people. But it needs to be framed the right way: framing it as if China was doing something malign with deliberate “overcapacity” is just a very unfair characterization. China played the game right: as Tim Cook explained, it first and foremost invested in its people, in their education. They also invested big time in innovation and they didn’t shoot themselves in the foot when it comes to energy prices the way Europe did, among many other policies.

Demonizing this is just not right, and it’s certainly not the right way to ask China for what’s an incredibly big favor: running less fast so the West can keep up… Especially when the West running slow is the result of catastrophic leadership for the past few decades: first and foremost choosing to waste trillions of dollars in killing people abroad instead of investing in its own progress…

I’m afraid this “overcapacity” framing is just another illustration of this poor leadership: when you prefer to blame others for your own failures rather than face reality.

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Apr 9
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That they have to keep sending Yellen is also an indication that among the members of the Biden cabinet, she's the only one who can cling to even a shred of credibility. At one point in her career, she definitely displayed a triple-digit IQ, which is something almost every other member of the Biden cabinet has never done.

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Is that triple digit number to two decimal points? If so, yeah...I'd buy that.

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This is brilliant. Excellent. Thank you.

My two cent's worth: the 'poor leadership' is a function of a 'missing' electorate. The people in our democracies might as well not exist for all the input they make, all the interest they have, all the interaction and care for them anyone who once 'gets away' (into elected office) has for them.

And I think the future should be and will be universal suffrage via a 'voter app' and similar on our smartphones.

THEN this poor leadership will find it harder to get in and impossible to remain.

Something like this: DON'T WRITE TO CONGRESS

https://abrogard.com/blog/2023/12/25/dont-write-to-congress/

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The structure of 'democracies' (particularly the two party systems in the USA and the UK) in which propaganda is all-pervasive enables those who control the media to control those democracies. It assumes people can make rational choices based on objective information. That assumption is simply not applicable. A bottom up approach to democracy in which engaged people are elected and who in turn elect a knowledgeable leadership is probably a better democratic model.

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and that's precisely what 'digital voting app' allows for.

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People's opinions are like the wind on the grass - whichever way it blows, they bend. All you have to do is easily persuade them. Also, in a complex society many of the decisions that have to be taken and laws considered for passage are complex with most people having no idea except what they are told by "experts" (and lobbyists) - that goes both for direct and representative democracies.

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if that were true... which isn't proven... it would mean what? that the people should be ignored, silenced, marginalised, kept like mushrooms 'in the dark and fed on manure' ? while others - yourself perhaps ? - get on with running the world?

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I am saying that the truth is we will always rely on people of greater talent, intellect and political will to run things, rather than the masses, the "mob", if you will. Whether those people are good people of righteous intent is another question.

As for being "ignored, silenced, marginalised, kept like mushrooms 'in the dark and fed on manure', is that not what has always happened in the history of humanity? The truth is that unless you are in that club, you don't really "know" much at all, you are being ignored for the most part, and you are being silenced (censored). However, having said that, it is a fact that the best of us sometimes rise to the top and enter the great club from the outside - such as Putin and Xi - good leaders, smart, wiley and most importantly committed to the real wellbeing of their people - it is not the economic or social system that is exceptional - it is these people.

I don't have a disdain for people in general. I just see the reality - people have daily lives committed to keeping food on the table for their families, working hard during the day and coming home to spend the evening caring for their families - they don't normally have the time or the interest in keeping up with the many faces of technology, economics, or politics. Most can only find time and energy to read the brief glimpses of the news, much less plan to be leaders of the world. It is beyond naivety to think that people such as these have the talent to make decisions for society.

As for that last question, not me by any means - I am one of those who just hope to put food on the table and keep us in a home in these uncertain times - if I can accomplish that, I consider my mission accomplished (as does my family).

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