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1y ago

US, EU economic system struggling to 'survive' against China, US trade chief warns

www.euractiv.com

US, EU economic system struggling to 'survive' against China, US trade chief warns

5 comments

“Now, no one — certainly not me — is discounting the power of markets,” Sullivan noted at the time. “But in the name of oversimplified market efficiency, a large non-market economy had been integrated into the international economic order in a way that posed considerable challenges.”
HORSESHIT. Boils my blood hearing rich industrialist propaganda on why they run and cry to their government about having to compete.
- rich industrialist propaganda
  You can just say capitalist propaganda lol
Good. Maybe we'll have fewer wara thanks to this.
Well, you let your industrialists out of their pen and those assholes ran amok, doing everything they can to not pay workers fair and livable wages.
This only worked so long as the pitiful wages were far better than what the people in those countries could get. Now that China and other countries catch up with the west they bitch about "IP theft" and other dogwhistles... anything except paying decent wages and taking less profit for themselves.