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I am genuinely curious here, when one player has a free market and the other does not, how do you think that will work out? Do you believe that America can rema

by kp98 7y ago

I am genuinely curious here, when one player has a free market and the other does not, how do you think that will work out? Do you believe that America can remain dominant while its companies get 85% access to the world population and Chinese companies get 100% access? I honestly don't understand this attitude, yes free markets are great as long as your counter parties are free market economies also, but China has been proven to be anything but

madiathomas 7y ago
Free market is the main feature of Capitalism. China is ruled by a Communist party and they subscribe to communism. Free market is the last thing that can be expected from a communist country. They don't even claim to be a free market. US claims to be a free market. In fact, they are regarded as the most free market in the world. China is forcing US to play by their own rules.
- snowron6 7y ago
  >China is ruled by a Communist party and they subscribe to communism That's just outright incorrect. https://www.wikiwand.com/en/Socialist_market_economy#/Market_socialism_versus_capitalism https://www.wikiwand.com/en/Socialist_market_economy#/Market...
  - ksec 7y ago
    State Capitalism where they can take part or most of your wealth away at any time may be much closer to State communism.
  - madiathomas 7y ago
    What is incorrect about my statement? In case you don’t know or want to be reminded, the name of the ruling party in China is called ‘China Communist Party’.
- kp98 7y ago
  Yes, I realize this, and my belief is that American needs to decouple with China and bring the total net trade between the two down by 70-80%, leaving rare earths, agriculture, and some manufacturing left in the balance of trade. When two systems are so far off of each other, there cannot be fair agreement between the two. As a result the only three options are containment, playing by communist rules, or walking away. In my mind oppression and state communism are not ethical, and so the only option is to walk away.
  - madiathomas 7y ago
    Capitalism is unethical. No economic system is perfect. Ironically, when the rich in the US are in financial trouble, they force government to be communist. Like in 2008 recession, companies were bailed out using taxpayers’ money. I am not denying that US has to do everything in their power to bring the deficit down, but they must stop pretending to be a free market while doing the exact opposite of a free market. Protectionism is only expected from communist countries, not countries that market themselves as free markets.

by kp98 7y ago

madiathomas 7y ago

Free market is the main feature of Capitalism. China is ruled by a Communist party and they subscribe to communism. Free market is the last thing that can be expected from a communist country. They don't even claim to be a free market. US claims to be a free market. In fact, they are regarded as the most free market in the world. China is forcing US to play by their own rules.

snowron6 7y ago
>China is ruled by a Communist party and they subscribe to communism That's just outright incorrect. https://www.wikiwand.com/en/Socialist_market_economy#/Market_socialism_versus_capitalism https://www.wikiwand.com/en/Socialist_market_economy#/Market...
- ksec 7y ago
  State Capitalism where they can take part or most of your wealth away at any time may be much closer to State communism.
- madiathomas 7y ago
  What is incorrect about my statement? In case you don’t know or want to be reminded, the name of the ruling party in China is called ‘China Communist Party’.
kp98 7y ago
Yes, I realize this, and my belief is that American needs to decouple with China and bring the total net trade between the two down by 70-80%, leaving rare earths, agriculture, and some manufacturing left in the balance of trade. When two systems are so far off of each other, there cannot be fair agreement between the two. As a result the only three options are containment, playing by communist rules, or walking away. In my mind oppression and state communism are not ethical, and so the only option is to walk away.
- madiathomas 7y ago
  Capitalism is unethical. No economic system is perfect. Ironically, when the rich in the US are in financial trouble, they force government to be communist. Like in 2008 recession, companies were bailed out using taxpayers’ money. I am not denying that US has to do everything in their power to bring the deficit down, but they must stop pretending to be a free market while doing the exact opposite of a free market. Protectionism is only expected from communist countries, not countries that market themselves as free markets.