The United States pays interest on approximately $850 billion in debt held by the People’s Republic of China. China, however, is currently in default on its sovereign debt held by American bondholders.

    • PlaidBaron@lemmy.world
      link
      fedilink
      arrow-up
      3
      ·
      1 year ago

      I dont think the average American really knows what communism is.

      In fact, me just saying this will likely result in many Americans acusing me of being a Communist even though I have said nothing to indicate my position on it, one way or the other.

      Such is the power of the word ‘communism’ in the United States.

    • Mayoman68@lemmy.world
      link
      fedilink
      arrow-up
      2
      ·
      1 year ago

      As far as US politics is concerned it very much is. Going all the way back to framing of immigrants as communists in the early 20th century and using that to punish immigrant labour groups. Or using communism as a reason to destroy another Latin American or Middle Eastern country. Or using communism as a reason to arrest left leaning people in the US in the 1950s for no reason. Or the recent policies hostile to Chinese immigrants that were justified by the American public with anti-communism.