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…
its kinda funny, simple heuristic - current leader in industrial production favors free trade - very easily describes behavior of british empire, usa, germany (inside eu). Its not some dastardly plot.
China by nature of its population size would be world systems headache as middle income country. Its not question of reforms or trade practices, lib china would also swing production of the whole world (by ascension from 1 billion consumers to two billions).
Same would be true of india, if they were not completely captured by local compradors.
its kinda funny, simple heuristic - current leader in industrial production favors free trade - very easily describes behavior of british empire, usa, germany (inside eu). Its not some dastardly plot.
China by nature of its population size would be world systems headache as middle income country. Its not question of reforms or trade practices, lib china would also swing production of the whole world (by ascension from 1 billion consumers to two billions).
Same would be true of india, if they were not completely captured by local compradors.