4 ms·
Well, there are certainly German companies operating in the US market, but: 1) Germany is a NATO ally, and the US has military bases in Germany, which is very d
by rossdavidh 8y ago
Well, there are certainly German companies operating in the US market, but:
1) Germany is a NATO ally, and the US has military bases in Germany, which is very different than the relations between China and the US
2) Germany does not have any possibility of dominating the US economy in the way that US companies could (if allowed) dominate the Chinese economy
South Korea, like Germany, has a military alliance with the US, and the US has military bases in South Korea. Again, there is also no real danger of South Korea dominating the US economy on the scale that the US could (if allowed) dominate the Chinese one.
Lastly, there are rules in the "global" economy, but those rules have mostly worked to the benefit of the countries that made them (see results in Latin America and Africa for what happens if you follow IMF and World Bank advice on opening up your economy). South Korea, Japan, and other "Asian tigers" mostly did NOT follow IMF/World Bank advice, and that's why it worked for them. China is basically doing the same thing Japan, South Korea, etc. did a couple decades ago.
This doesn't mean we shouldn't care, or even respond, but we shouldn't be surprised, or expect something different in the future.