As trade war escalates, economists bet on China resilience
As trade war escalates, economists bet on China resilience
www.reuters.com
reuters.com
17 comments
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If a casino puts up a sign saying they're working on rigging every game in favor of the mobsters and pimps who know the owner and hired a guy to throw shit at the ceiling, I wouldn't be going there either.
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China: I will do nothing and the world will fall to its knees before me.
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They're doing quite a bit- just not much dick waving nonsense.
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I meant on a geopolitics level. China really doesn't play the geopolitics games. They pretty much just do what they think is right for the nation (right or wrong) and tells everyone else to take care of their own shit. Today, this plan of doing nothing looks to be very successful.
*Edit: Obviously internally they're doing a shit ton of stuff for their nation and their people. But externally, not so much.
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17 comments
Kinda hard to argue against a country that consistently focuses on increasing the development of their productive forces. Tarrifs in the US are a way to protect dying industries from competition with more productive and efficient countries. The only way out for the US is re-industrialization, either through strong federal expansions a la FDR with some type of mega Green New Deal, or replacing the system with Socialism (at which point relations with China would likely cool down).
Social Democracy, however, would only delay the inevitable.
you forgot the third option: military and/or financial intervention, forcing other countries to stop trading with china or face consequences like regime change; political instability; economic destruction; etc.
the mindset of american "patriots" since the cold war when it came to a nuclear holocaust was that if 4 russians are still alive after the nuclear missile stopped falling and there were 5 americans left alive, then we've won; that mindset is still alive, well and in charge right now.
Even if the US doubles down on millitary action, and commits, that isn't a way out. The US has no other manufacturing overseas or domestically that can keep up with its consumption, it needs to re-industrialize regardless.
This is not a war the US could or would win.
Either Trump is a Russian puppet or the Russian annihilation via nukes, make up your mind.