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What you're refrencing is a pactice by emerging or developing nations to protect what economists call "infant industries". None of that is applicable to China.
by sqdbps 9y ago
What you're refrencing is a pactice by emerging or developing nations to protect what economists call "infant industries". None of that is applicable to China.
They don't even brother with tariffs they prohibit all competition and coerce rivals to hand over the fruits of their research. It's diabolical.
- jonathanyc 9y agoNo, protectionism is not associated exclusively or even primarily with emerging or developing countries. The GP’s comment talks about 19th and 20th century history, during which time Europe and America industrialized and protectionism was practically the default.
- sqdbps 9y agoThat's neither here nor there, we're discussing China's actions in the context of free trade being the global norm and having established organization like the WTO to ensure a certain level of reciprocity. The larger point is that China is practicing extreme protectionism while benefitting greatly from free trade.
- jonathanyc 9y ago> Thats neither here nor there The GP literally mentions protectionism in the context of the 19th century. I think you’re in the wrong thread.
- coldtea 9y ago>The larger point is that China is practicing extreme protectionism while benefitting greatly from free trade. More power to them, then? Sounds like a good way benefit their country.
- coldtea 9y ago>They don't even brother with tariffs they prohibit all competition and coerce rivals to hand over the fruits of their research. It's diabolical. Well, they've been forced to open their borders once, at the opium wars, so that "free trade" can triumph and more junkies can be made of their people. I'd cut them some slack in not seeing "free trade" as all its advertised to be (by those that primarily profit from paying lip service to it).