The west; USA, Europe and Australia have seen their manufacturing base disintegrating and being built in the east. Why did the supposedly capitalist west move its manufacturing to the supposedly communist China? What now? Bigger picture?
"China has made its decision. Beijing is building a separate system of Chinese technology—its own standards, infrastructure, and supply chains—to compete with the West.
Make no mistake: this is the single most consequential geopolitical decision taken in the last three decades. It's also the greatest threat to globalization."