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Over the course of three decades, by repetitively touting the benefits of offshoring, outsourcing and reducing all trade barriers - the policies favored by its
by crdoconnor 9y ago
Over the course of three decades, by repetitively touting the benefits of offshoring, outsourcing and reducing all trade barriers - the policies favored by its 'executive' readership, the Economist has essentially been advocating for exactly this to happen while acting like it wouldn't.
- tdb7893 9y agoThe low trade barriers seems to have led to many US tech companies becoming dominant globally in their fields. It seems like if there were more trade barriers it would've been harder for those companies to expand in the first place.
- crdoconnor 9y agoIs the economic goal of a country to create a series of very profitable corporations?
- tdb7893 9y agoNo, obviously not but this article isn't talking about overarching economic goals. It's talking about losing technical dominance to China and my point was that the dominance seemed to have been helped by the trade practices, not hurt by them.
- crdoconnor 9y agoExcept a lot of those dominant companies either A) conspicuously absent from China (e.g. Google) or B) China can sever their supply chain (e.g. Apple)