Warwick Powell: America Chose Wall Street Over Factories And Now Is Paying For It And Is Trying To Falsey Blame China for So-called Over-production <



https://youtu.be/Mkhg9dRYWDE?si=AIgYtTLeytzgd4Ep



China's refusal to sign the G20 finance communique reveals a fiction Washington depends on. Warwick Powell, adjunct professor at Queensland University of Technology, joins me to show that the line between market and non-market policy never actually existed, and that every industrial power, including the United States, was built on state intervention. Warwick argues the real imbalance sits on the capital account, where American money now inflates Wall Street instead of building factories, while China's state-owned banks stayed disciplined toward production for eight decades. We look at why 2015, the year Chinese owned manufacturers overtook foreign firmscalls Chinese overcapacity, Warwick argues, is Global South demand finally being met after decades of the Global North pricing that equipment out of reach on purpose. 00:00 Highlights the passive victim myth 00:39 Introduction and Warwick Powell's work 01:17 China refuses to sign the G20 finance communique 02:39 Finance, technology and defense capital converge to blame China 05:27 The IMF, the American auto industry and the myth of market purity 10:52 The dollar system and the contradictions of Trump's demands 12:12 No capitalist economy has ever existed without state intervention 13:23 Markets as designed, maintained and never truly free 15:02 From reviled rentier to celebrated shareholder 29:03 Reframing China's alleged overcapacity as a capital account problem 39:25 Eighty years of Chinese investment and the rise of indigenous exporters 51:34 Export growth to the Global South and the29:03 Reframing China's alleged overcapacity as a capital account problem 39:25 Eighty years of Chinese investment and the rise of indigenous exporters 51:34 Export growth to the Global South and the myth of manufactured scarcity That's 12 chapters spanning the full runtime, with the first 33 seconds isolated as the highlight reel before the intro begins. Support me on Patreon - • / radhikadesai TikTok• © / raddesai X - https://x.com/RadDesai Substack • https://substack.com/@.. Website - https://www.RadhikaDes... Edited by gena.sm@genasmirnovs.com <



http://take10charles.blogspot.com/2026/09/the-system-of-public-credit-i.html