Reposted by Lucien (🔜Pawska2026) Mont-Velvet
After a recent trip to China, Chancellor Friedrich Merz said Germany was becoming uncompetitive because of its obsession with its work-life balance.
He didn’t seem to notice other parts of China’s rise, like the state’s role in directing capital.
jacobin.com
The EU Fears China’s Power Over Private Capital
Emmanuel Macron celebrated a new EU deal to reduce Chinese car imports as a blow against “unfair competition.” What really troubles European leaders is that China has successfully disciplined its capitalists — something Europe is unwilling to attempt.