The largest factory in the world


Now that China is nearing its goal—in about 15 years China’s middle class will outnumber the entire population of the United States—it has an excess of steel and is exporting that excess at lower prices to other countries creating stiff competition across the globe. For instance, the ISSB reports that from 2013 to 2014 China increased its steel exports by 53% from 57.9 million to 88.6 million tonnes while the United States saw a 5% drop in its steel exports.

With the United States so obsessed to be #1 in everything—except for reducing the poverty rate—its capitalist oligarchs must be obsessively stressed out and worried that they are going to lose their Imperial crowns.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s