How China became the world's industrial superpower - and why the US is desperate to stop it

China has gone from one of the poorest countries on Earth to building the world's largest economy, responsible for nearly one-third of global manufacturing. Meanwhile, the US de-industrialized and financialized its economy. Journalist Ben Norton explains how.

Topics
0:00 China's economic rise
2:41 Colonialism: Century of Humiliation
5:14 Industrialization
7:55 China: industrial superpower
9:17 Capitalism or socialism?
11:26 Deng Xiaoping
17:08 Industry in USSR
18:20 Socialism
20:13 Vietnam & Laos
20:42 FDI & technology transfer
23:37 US tech war
25:07 Supply chain & productivity
30:04 US de-industrialization
33:43 New cold war
35:00 Unions & wages
36:07 Financialization
37:53 Washington Consensus failed
40:42 Jake Sullivan's historic speech
46:01 Return to Keynesianism
48:21 US destroys system it built
52:24 US-China competition
53:50 Outro

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