Wolff Responds: "Chinese Competition: The Myth of Overcapacity" dated August 5, 2026

Comments · 243

• CO

  @cockyrustler · 1 month ago

  Capitalist crying about production overcapacity is the funniest shit I ever heard.

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• CH

  @ChânNhân02 · 1 month ago

  I wish Professor Wolff visit China someday. I went to Asia 2 years ago, everything is cheaper, the delivery is faster, and more choices and convenience than here. Monopoly barely exists there.

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• JA

  @jaclemo-z9w · 1 month ago

  THANK YOU MR. Wolff for telling the world the TRUTH about China.  You are a FANTASTIC TEACHER, I hope more people will listen to your podcasts which educates TRUTH not lies.

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• AT

  @AT96816 · 1 month ago

  American politicians can't stand the heat so they should stay out of the kitchen.

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• MA

  @magicsmurfy · 1 month ago

  I am a capitalist in China.<br>I am not a local China citizen.<br>I employ 20-30 people inside China.<br>My revenue coming from all over the world.<br>My cost goes to Canada, USA, Europe (meaning I help these countries to earn money from China).<br>I first did business in mainland China in 1996.<br><br>So I think I have earned my right to speak.<br><br>China is not 100% communism, not 100% socialisam, not 100% capitalism, not 100% democracy (they do have democracy, people from the outside world just don&apos;t get it). The government is now labelling this kind of political system as socialism with chinese characteristics. It&apos;s a class of its own. Took me years to fully understand that. I was brought up in the UK, so I am always sensitive about which govt state you are in all the time (yes, I am one of the sad person who watched Channel 4 parliament debates all the time).<br><br>I would say China has reached a political mixture of alloy. Since no one single systme is perfect, you just have to get the right mix for YOURSELF. No need to change other system, only yourself would know what you need. So Americans do not need to change China, and China won&apos;t change you. You do whatever you think it&apos;s good for your system.<br><br>When we did chemistry, we learnt that making iron initially from the furnace, the iron comes out is soft and weak. We then add carbon into these pig iron and eventually it becomes stronger. If we however blow too much carbon (dioxide) into the iron, it comes to brittle and snaps. If you look at how we make alloys, we mix up different % of chemicals to give out a particular property. If the wings of the airplane is too tough, too &quot;strong&quot; and stiff, it would snap. So we add materials to make it floppy when it needs to be so it won&apos;t stress out.<br><br>Politics is the same, too much to the right or left is no good. Democracy US style is so money intensive and short term. The UK democracy does not help you to elect Prime MInister. Democracy in India does not help to keep women safe. This tells you there is no one system fits all.<br><br>China controls the key supplies, Telecom, Oil, Salt, Rice, Sugar - they are fully controlled by the State Own Companies. You and I cannot touch that and no one could use these industry to control China. I think this is correct after seeing Hongkong&apos;s Western Habour Tunnuel - which was a complete failure becoz of over-capitlism. Something just cannot be offered to the open market.<br><br>Uk recently wanna to nationalise the Steel industry, of which I am with them, but by robbing from the Chinese people who invested millions into the plants, if u r going to nationalise it, u should offer a good price. So the idea - I support, but the method is disgusting - day light robbery. I never support the privatisation of British Rail, what a failure. That should always stay with the country. Privatisation is good for the capitalists, but not good for the people. In China, in Beijing when I first went onto their buses, costed me, US$0.07 per journet, 30 stations - it gives the ordinary people a chance to survive. That kind of price could not have existed in UK, US, Hongkong, Canada etc..... remember at that time, Starbucks coffee in Beijing costed US$3.26 a cup of Americano! That was the kind of society I saw. Calling them communist or socialist without fully understand what they really are is premature.<br><br>I am about to retire, when I am done, I will write all these down so everyone remember what really happened here. I was working fro IBM, HP, Oracle, Lucent before running my own business. I have multiple offices in Asia Pacific. I witness the entire change of China from what I used to call a shit hole country to a place where I&apos;d probably spend my retirement years at. In 1990, I told myself I wanna to retire in San Francisco. That was my dream city at the time. Funny how quickly that change. Today the safest place to live is China. Can&apos;t believe I am saying this in 2026.

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• DI

  @disruptapps · 1 month ago

  Have faith. Endure. SOCIALISM WILL PREVAIL!!!

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• SW

  @Swan-atl · 1 month ago

  Thank you professor Wolf for explaining.

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• CO

  @coralieserena7289 · 1 month ago

  Thank you M Wolf. 👍🏿❤️👊🏿

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• AM

  @amirduk1 · 1 month ago (edited)

  &quot;A government serving the people,&quot; Ah! what an interesting concept! 🤔🤔🤔

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• JO

  @jornalistaoswaldomachado6198 · 1 month ago

  Saudações de Marília SP Brasil

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• BO

  @booneulidan1077 · 1 month ago

  The Chinese know very well that without communism ( socialism), there is NO new China.

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• BO

  @booneulidan1077 · 1 month ago

  While it is true that US is a capitalist country, it don&apos;t allow competition, no free and open market from foreign EVs and sensitive tech products and services. Simply put, Americans are HYPOCRITE

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