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Re: U.K. and the U.S. had periods of internal stress during that transition [loss of factories], and because they were democracies they could blow off steam wit
by tabtab 7y ago
Re: U.K. and the U.S. had periods of internal stress during that transition [loss of factories], and because they were democracies they could blow off steam with electoral "revolts" instead of the literal kind of revolt.
Is Trump & Brexit the "steam" in this analogy? Just asking.
- rossdavidh 7y agoWhile they may be a form of letting off steam currently, I was referring to much earlier periods in the history of the U.S. and (even earlier) U.K., when they were going through the same transition as China today (of providing your own demand).