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Depending on how far "trust but diversify" goes, some countries could be worse off (OPEC would be harmed by a serious effort at energy source diversification, U
by joshuaissac 7y ago
Depending on how far "trust but diversify" goes, some countries could be worse off (OPEC would be harmed by a serious effort at energy source diversification, US by currency diversification, Netherlands by diamond supply chain diversification, China by manufacturing diversification, etc.). Whether they will be better or worse off in the end depends on how much external near-monopolies hurt them, versus how much their own cornering of a market helps them. China would likely lose out because manufacturing is such a large component of the Chinese economy, but it is not obvious that all other countries would gain.
- m0zg 7y agoBy "everyone" I meant "everyone involved in the current trade war", e.g. US government, businesses and China (there's no differentiation there between government and businesses at the moment). I don't see why the US should care about not hurting the Netherlands or OPEC countries at its own expense. I was under impression the Netherlands have a functioning government and can stand for themselves. Same with OPEC countries.