Piers Tang

Piers Tang is a long-term China observer, focusing on China–United States relations, China's industrial ascent, and the differences between Eastern and Western cultures.

The Rise of Limited Government Ideals and Wall Street Dominance

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U.S. deindustrialization and financialization redirected the nation’s economic center of gravity from the factory floor to Wall Street. This transformation reflected a broader ideological turn—away from the industrial-age belief that “what’s good for GM is good for America” and toward a new guiding principle: “what’s good for Wall Street is good for America.” The rise … Read more

The Rise of the Wall Street–Washington Corridor

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The U.S. shift from the military-industrial complex to the Wall Street–Washington corridor reflects a structural and ideological change: industrial dominance waned, finance grew, and policymakers prioritized financial power as a strategic lever, replacing “what’s good for GM” with “what’s good for Wall Street.” Military-Industrial Complex (1940s–1970s) In the mid-20th century, the United States witnessed the … Read more

From “GM” to “Wall Street”: U.S. Financialization and China’s Rise

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The ideological shift from “What’s good for GM is good for America” to “What’s good for Wall Street is good for America” did not happen earlier because the structural and institutional conditions of the U.S. economy, politics, and global system were different. Industrial Economy Dominance Before the 1970s, the United States was fundamentally an industrial … Read more