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Except the reality is the "west" has gotten much richer as well. Trade with China has been a huge win win. Quality of life in the "West" is significantly great
by jdjdjjsjs 7y ago
Except the reality is the "west" has gotten much richer as well.
Trade with China has been a huge win win. Quality of life in the "West" is significantly greater thanks to trade with China.
The problem is that the "West" took the vast majority of the benefits it gained from that trade and concentrated it in the hands of a few hundred people. The destruction of labour unions and the taxation regime has crushed the lower classes, not trade with China.
Also, for all the issues with China, it's still a significantly better country than it was before Nixon visited China.
Finally, the "West" hasn't been fooled by China for at least a decade. In fact, the US spearheaded a massive effort to resolve the China problem through the TPP which would have been an extremely effective way of getting China to open up (by providing companies who are currently dependent on China alternatives amongst China's neighbors but this time with an agreed upon IP protection regime which would have prevented Vietnam, say, from becoming China 2.0.
If anything, the current haphazard tariff regime has been far more beneficial to the Chinese Leader for Life by creating an us vs them narrative which has pretty much eliminated the chances of any domestic pressure.
- bsanr2 7y agoThe problem with the TPP was that it stomped on consumer rights in a very China-like way. It was also very NAFTA-y in that it supported business and US natsec interests thoroughly while completely avoiding accountability to the average American (and to many of the citizens of other countries that it ostensibly would have helped). The challenge with China has been and will remain avoiding moral hazards when navigating our relationship to them. Temptation comes from all sides in this regard.
- deleted 7y ago[deleted]