If we lost a trade war, how long would it take us to find out? The vitality and flexibility of our financial system has obscured the degree to which we are living in the aftermath of a Chinese trade war victory—one in which the PRC not merely succeeded in subjecting the developed countries to trade…
A sense of the PRC’s demographic structure and geographic disparity thus explains why the CCP has publicly called for a technology and manufacturing moonshot even as it deliberately engineered the destruction of over one trillion dollars of software company share value—without, it must be said, impeding in any evident way its continued progress in telecom, chip design, or export manufacturing.
Line go down... but industry more productive?!
This is a pretty interesting read. The author is correctly identifying a major upending of US economic power... but the liberal ideological blinders are really hampering him from arriving at some obvious conclusions about what the US could be doing to maintain their dominant position.
Indeed, there's a religious belief in the power of the markets in US, and the mere idea that an economy could be structured differently is simply not possible to discuss in polite company.
Line go down... but industry more productive?!
This is a pretty interesting read. The author is correctly identifying a major upending of US economic power... but the liberal ideological blinders are really hampering him from arriving at some obvious conclusions about what the US could be doing to maintain their dominant position.
Indeed, there's a religious belief in the power of the markets in US, and the mere idea that an economy could be structured differently is simply not possible to discuss in polite company.