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When I think about it, it's hard to see how this isn't an attack by us. If this speculation hurts China, then some citizens US citizens have used a tool to att
by awakeasleep 11y ago
When I think about it, it's hard to see how this isn't an attack by us.
If this speculation hurts China, then some citizens US citizens have used a tool to attack and 'injure' a soverign nation. Seems like that would be our responsibilty the same way it'd be our responsibilty if we had a citizen milita that staged a raid into another country. Or it's your responsiblity if your kid breaks your neighbor's windows.
And what makes that 'seat of the pants' lawyering correct is that we're talking about soverign entities without an enforcable body of law to regulate their conduct, so we can't get off on a technicality.
- simonh 11y agoNobody is doing anything wrong though. They are simply buying and selling on open markets. They're not even breaking any Chinese law, or in many cases even doing anything in China itself. Any harm that comes to the Chinese economy will actually be inflicted by China trying to support policies that are not economically viable, but by the hedge funds. When George Soros, based in New York, 'broke' the bank of England it was not an attack on Britain either by him or the US. He broke no laws. In fact by showing that the ERM was unsustainable and thereby preventing us adopting the Euro* he did us a massive favour. The UK economy is eternally in his debt. * Alright, it's a bit of a stretch laying that entirely at his feet, but in an alternate timeline where we stayed in the ERM Euro membership was the logical outcome.