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This destroys the logic of free trade, competition that countries and a plethora of global organizations like IMF, WB promote and enforced aggressively over the
by throw2016 8y ago
This destroys the logic of free trade, competition that countries and a plethora of global organizations like IMF, WB promote and enforced aggressively over the last 40 years especially when looking for markets in other countries.
But if its only applicable to a favoured set and suddenly has all sorts of qualifiers when it comes to your own markets then the whole thing collapses. And everyone can see its politics with a fig leaf of process designed for one way benefit and as a system cannot deliver mutual benefits.
- criddell 8y ago> This destroys the logic of free trade That depends on the calculation. Maybe there's a non-zero risk that China could remotely turn off their 5G network and including that in the calculation makes local sources a better value even when the dollar price is higher.
- notfromhere 8y agothe logic of free trade meets the logic of national security. national security is going to win that one unless Australia is going to willfully become a Chinese vassal