On Sun, Feb 23, 2025 at 06:50 PM, Charles wrote: > > Roberts and Starrs bloviate about foreign companies in China and their > exports... China's exports are a decreasing portion of its economy... When > it comes to the position of China's state and private capitalists in the > world economy, Gandall, Starrs, and Roberts are basically blowing smoke.
Starrs and Roberts both measure the economic strength of countries by the *profit share* of their trans national corporations operating abroad. By this measure, the US is by far the dominant economic power. Starrs finds the profit share of US corporations leading in 19 of 25 global industries and well ahead in 13 of them, a measure which has remained fairly steady over the past two decades. Charlie's preferred measure of economic strength appears to be the *export intensity* of countries which does not distinguish between the dollar share of their domestic exporters and that of foreign corporations operating on their territory. By this measure, Charlie shows the US lagging far behind its rivals in Germany, China, and the EU. It is also unclear what Charlie means when he accuses Starrs and Roberts of "biovating" and "blowing smoke" about Chinese state-owned and private enterprises. It is true that they are not as impressed with the overseas performance of Chinese firms relative to US capital as are Charlie and others who theorize about Chinese "imperialism" as a major threat to US hegemony. Starrs' data shows Chinese TNC's as the most profitable in only four global industries, well behind the US multinationals. Within China, they account for only 30% of the country's key exports, again well behind their US and European rivals who use China as an export platform. So Sartesian is again correct in asking Charlie: "What is the context behind your "snippets”? What exactly is your point? The US is/is not being eclipsed by China? China is/is not emerging as a new hegemon?" -=-=-=-=-=-=-=-=-=-=-=- Groups.io Links: You receive all messages sent to this group. View/Reply Online (#35394): https://groups.io/g/marxmail/message/35394 Mute This Topic: https://groups.io/mt/111336789/21656 -=-=- POSTING RULES & NOTES #1 YOU MUST clip all extraneous text when replying to a message. #2 This mail-list, like most, is publicly & permanently archived. #3 Subscribe and post under an alias if #2 is a concern. #4 Do not exceed five posts a day. -=-=- Group Owner: [email protected] Unsubscribe: https://groups.io/g/marxmail/leave/13617172/21656/1316126222/xyzzy [[email protected]] -=-=-=-=-=-=-=-=-=-=-=-
