The continued growth of China (and India) can strengthen organizations like the EU and give rise to other blocs of small countries. Collective bargaining power

The continued growth of China (and India) can strengthen organizations like the EU and give rise to other blocs of small countries. Collective bargaining power is the only way to have leverage with a country that’s 20-60 Times larger. It’s not unlike the unionization of labor in response to the weak bargaining position of the individual worker and I expect a similar pattern to repeat including union busting and bribery and a populist response. All very dangerous. If China pushes too hard, then the pendulum will swing hard in the other direction and China will be facing strong union fronts, populist movements that stubbornly demand painful concessions and resultant trade wars. We’ve seen this pattern before and it gets worse before it gets better.