The fact that the Dark Deal between the US and China relied entirely on the dollar’s ongoing status meant that Washington had no reason to feel threatened by China’s rise. If anything, American officials saw it as functional to US hegemony. As long as Chinese capitalists needed the dollar in order to extract surplus value from Chinese workers, even the Chinese Communist Party was considered an ally, albeit an unsafe one. However, the rise of cloud capital changed everything. Compare a ton of aluminium shipped from Shanghai to Los Angeles with the targeted advertisements shown to Americans on
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