Rapidcreek@lemmy.world to World News@lemmy.worldEnglish · 5 months agoYellen says global concerns growing over China's excess industrial capacitywww.reuters.comexternal-linkmessage-square2fedilinkarrow-up120arrow-down111
arrow-up19arrow-down1external-linkYellen says global concerns growing over China's excess industrial capacitywww.reuters.comRapidcreek@lemmy.world to World News@lemmy.worldEnglish · 5 months agomessage-square2fedilink
minus-squarebamboolinkfedilinkEnglisharrow-up3arrow-down5·5 months agoShe’s mad because China has lots of industrial capacity and they can pump out products at cheaper rates. Capitalists need artificial scarcity to drive prices up, but China isn’t willing to increase prices for the sole benefit of capitalists.
She’s mad because China has lots of industrial capacity and they can pump out products at cheaper rates. Capitalists need artificial scarcity to drive prices up, but China isn’t willing to increase prices for the sole benefit of capitalists.