3 ms·
> And you can't operate free-trade style in a world where you have bad actors like China reaping all the benefits while being protectionist and therefore preven
by kosh2 6y ago
> And you can't operate free-trade style in a world where you have bad actors like China reaping all the benefits while being protectionist and therefore preventing their trade partners from seeing the same benefits.
China was pretty poor country when it opened up. When it opened, all the western companies that agreed to their terms weren't doing it just to help out but they wanted a piece of that huge marked to get rich.
China managed to get a better deal than a lot of other countries who were basically plundered. Saying China is "reaping all the benefits" is just absurd. Western countries made countless of billions in China.