Fron the de-dollarization thread:
This is less about excess profit than useless currency you get. Hard to colonize Mars with Zimbabwe dollar. There are endless amount of things to develop with own money, but useless foreign money remain useless.
I am convinced in the future a mix of global governance and soft imperialism is needed because the alternative is historical isolationism. If it means to die a slow death of bliss then I rather China go down the path of pain to bring the world together. There will be trade friendly states and unfriendly states. Perhaps China could invest in the friendly states with some losses to gain geopolitical advantage to rid of unfriendly states. If say country X refuse to offer anything valuable to trade and only create local conflict, China can build up country around it and pressure the hostile nation. First diplomacy and trade, ultimately by hard power if necessary. China could also accept nations into unions like Mongolia in exchange for greater investment. Ultimately China can bring humans all toward a common goal. Common prosperity for the world.
The excess profits should be dumped into Moon and Mars colonization programs instead of loaned or squandered. Moon and Mars should become Chinese properties with their own mining industries and R&D operations. Just as Anglos became dominant for a century due to being first to an industrial revolution, and Anglo-Americans became the dominant power for a century due to being first to successfully dominate and utilize North American natural resources, China's future hinges upon the future equivalents of those as well.
You are absolutely right. Other countries cannot climb up the tech ladder while China occupies the whole ladder. In order to allow the world to prosper, China must
invent new advanced fields for itself to move up to and create space behind it for billions of people to rise up. We cannot follow the imperialistic, harvesting, technologically stagnant, fake growth model. That model was created for 1 golden billion to lord over the rest, not for 8 billion to prosper equally.
Automation is squeezing the life out of service and manufacturing industries and it will doom the third world if we don't chart a new course. An ideal economic modernization model that is based on unceasing innovation and scientific discovery.
Exploration of new resources in space and in the Earth's deep sea and mantle is the easiest way to open up entirely new technologies and industries.
This will allow development of Africa, ASEAN, and Latin America and their growing buying power will help with China's continued development as well.
Like it or not, China already practically governs large parts of the world just by the sheer size of its economy. Why do you think Lula was so excited to get environmental commitments from Xi? China, through it's consumption habits, completely control the Brazilian farmers, who are the main drivers of deforestation.
China has more say over the most important issues in Brazil than Brazil does. To think that China's mere agricultural import laws practically decide the future existence of the Amazon- the Amazon rainforest, most biodiverse region on the planet, a crown jewel of Mother Earth- should put into perspective the gravity of the situation. Make no mistake, China's growing world governance in this age of danger and uncertainty will decide the course of humankind.
