Watch now | Tobi and I examine what we believe is the real “China Shock”: the redirection of export demand that might otherwise have gone to the United States toward Nigeria and other markets.
Very enlightened conversation, the china shock is indeed the biggest elephant in the room, and what is worse it is locked in a mortal battle with the Republican American elephant. And just like the saying, when two elephants suffer the grass suffers. Unfortunately Nigeria like a lot of african countries will suffer the fate of the grass. I have little grouse against the chinese and their overwhelming capacity because they painstakingly built up that capacity against the great odds of western corrupting influence that makes governments give up sovereignty and sustainability for convenience and easy riches.
I do not think Nigeria can profer any serious response to the chinese overcapacity inborder to mitigate or benefit the effects of it, and I say this because Nigeria is yet to build the type of political coherence that manages the painfully delicate art of balancing internal national socio-economics with glopal geopolitics and economics.
This is why I would disagree slightly with the first speakers framing of the CPC and their management of internal discontent, because very recently the CPC are a currently crafting policy to address the problem of mindless competition, "involution" as they refer to it in china. And knowing how deliberate the chinese government can be with policy I expect to see a great improvement across different facets of the involution problem.
Nigeria would need to figure out its politics first before any intelligent ponderings can be made on its choice of policy. For now we still exist in a Neoliberal aftermath of western colonization and influence of oligopoly and kakistocracy.
When it comes to competition, those with seemingly bottomless pockets, an unending supply of experienced talent, and a nothing to lose approach, will come out on top 99% of the time.
Very enlightened conversation, the china shock is indeed the biggest elephant in the room, and what is worse it is locked in a mortal battle with the Republican American elephant. And just like the saying, when two elephants suffer the grass suffers. Unfortunately Nigeria like a lot of african countries will suffer the fate of the grass. I have little grouse against the chinese and their overwhelming capacity because they painstakingly built up that capacity against the great odds of western corrupting influence that makes governments give up sovereignty and sustainability for convenience and easy riches.
I do not think Nigeria can profer any serious response to the chinese overcapacity inborder to mitigate or benefit the effects of it, and I say this because Nigeria is yet to build the type of political coherence that manages the painfully delicate art of balancing internal national socio-economics with glopal geopolitics and economics.
This is why I would disagree slightly with the first speakers framing of the CPC and their management of internal discontent, because very recently the CPC are a currently crafting policy to address the problem of mindless competition, "involution" as they refer to it in china. And knowing how deliberate the chinese government can be with policy I expect to see a great improvement across different facets of the involution problem.
Nigeria would need to figure out its politics first before any intelligent ponderings can be made on its choice of policy. For now we still exist in a Neoliberal aftermath of western colonization and influence of oligopoly and kakistocracy.
When it comes to competition, those with seemingly bottomless pockets, an unending supply of experienced talent, and a nothing to lose approach, will come out on top 99% of the time.