Ever wondered how the Chinese mainland zoomed from poverty to the global big leagues? 🚀 American economist Richard Wolff says it all happened under a dollar-dominated system, where the US dollar calls the shots in global trade.
Wolff explains that even though the United States tried to hold back Chinese development, it didn't work. Instead, the Chinese mainland leveraged access to international markets—think smartphone assembly lines and bargain e-commerce deals—to lift millions out of poverty. 📱🌏
Now, Wolff says, the Chinese mainland isn't just playing by old rules—it’s remixing the track. From Belt and Road collaborations to digital yuan experiments, it's reshaping global power dynamics and offering new models for development. 💡
Whether you're scrolling TikTok, sending UPI payments or ordering your next pair of sneakers online, the global economy feels the impact. Wolff’s take reminds us: our world system is evolving fast, and new voices are remixing the beat. 🎶
Stay tuned for more insights on how economic power shifts can shape the tech and culture trends we live by every day. 🌟
Reference(s):
cgtn.com
