US Poaches European Companies With Subsidies

2 years ago

The war in Ukraine is a proxy war between the U.S. and Russia, and former CIA director Leon Panetta has admitted this. In this interview with Lee Camp, Professor Richard Wolff explains that the real target of this proxy war is Russia's neighbor, China.

Wolff shows how the U.S.'s attempts to use subsidies to beat China in the microchip market are contributing to the deindustrialization of Europe. China is currently suing the U.S. over this economic war in the World Trade Organization.

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