China's largest export is its domestic economic dysfunction, which crushes other countries' manufacturing and industrial bases worldwide while the US exports its political and cultural dysfunction — meaning the two superpowers are holding the world hostage.
Rahm Emanuel argues that both China and the US are dumping their domestic dysfunction on the rest of the world — China through economic dysfunction that destroys foreign manufacturing, the US through political and cultural dysfunction that destabilizes allies.
transcript
Rahm Emanuel: Xi is largest export is not autos electronics. It's the domestic economic dysfunction of China. They're crushing everybody other countries manufacturing base industrial base across the world. They have more cases WTO cases than any other country and all of them combined are against China. Chile steel plant, Indonesia's garment plant, Brazil's four burn furnaces. We are exporting our domestic political and cultural dysfunction. That is the two superpowers are holding the world hostage. One through economic dysfunction and domestic. I mean Xi refuses to deal with the obviously the real estate bubble popping a consumer that's flat on their back and an industrial base that makes no rational sense.
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