Is China producing too much? US 'overcapacity' accusations: new tactic in economic war

Washington accuses China of producing too many goods and demands "free market" policies. But the US government is spending trillions on industrial policy to protect its own manufacturing sector. Ben Norton details the hypocrisy of the "overcapacity" allegations: the latest strategy in the US economic war on China.

Topics
0:00 Intro
1:00 Chinese 'overcapacity' allegations
3:38 Janet Yellen
5:21 US vows to 'slow down China's rate of innovation'
8:02 Elon Musk begs for tariffs on Chinese EVs
10:40 US wants China to be economically subordinated
12:27 US tech war on China
14:39 Western industrial policy
16:31 Protectionism
18:38 US Inflation Reduction Act
20:12 US Chips Act
22:03 US undercapacity is the real problem
25:11 BYD has just 1.5% of EU EV market share
27:04 China's car exports vs Japan & South Korea
30:37 Is overcapacity a problem?
32:39 Outro

|| Geopolitical Economy Report ||

[John-.-Smith]

The US capability to produce dollar is overcapacity.

[YM-exhh]

Thanks china for giving affordable living to the world

[ericmarcano]

“China, you’re producing more and better than me. I don’t like it”. How childish can U.S. get?

[RyukoMeows]

The market is only "free" when the US says it is.

[manx]

If I can't compete, I sanction. — U.S

[lianzijin]

US never fails to surprise me with the shamelessness and how far it can go!

[felixlaupc]

The 800+ military bases all over the world by the US is indeed over-capacity.. 😆

[PerceivedREALITY]

US wanted to make a fool out of China. But instead, the US made a fool of itself. Let that be a lesson.

[itconsgenio]

No, the US is just underperforming. Blaming China for overcapacity.

[PerceivedREALITY]

"How dare China surround the US military bases with its border." - US

[Zakaius]

🇺🇲 overcapacity
- military bases
- debts
- idiots in Congress
- 😅😅

[hotlucky]

China: Quietly winning
USA: Throws a hissy fit

[tigrecito]

America - Socialism for the Rich, Capitalism for the Poor
China - Capitalism for the Rich, Socialism for the Poor

[M.M.Alam.Liberty]

Ben Norton has totally Bulldozed Yellen's narrative of overproduction by giving direct facts / evidences. Thank you Ben for helping people understand the insights.

[ensh]

The law of supply & demand....simply..the market prefers Chinese manufactured goods. Full stop !

[YLYLMR]

China just go on doing what China want to do.
China dont care what US say.
US already loss.

[bobekvelky]

kudos to China, I am so glad that China is getting stronger it is about time. this planet is sick and tired of USA imperialistic regime and NATO hordes, who think they own everybody, if USA regime is desperate, that means China and others are doing something correct. kudos to BRICS

[thinkingaloud]

When the US had excess capacity and China was poor and struggling, did the US slow down for China?

[vestasharp]

The country sanctioning one-third of the world is complaining about China not competing on a level playing field.

[liamporter]

Based on US and Yellen logic, China should also tell US to tell Apple to produce fewer iPhone and Microsoft to reduce number of Windows licenses. Shocking that US can say such a thing. Does US and Yellen understand how business work?