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> This administration messed up any opportunity to curtail China by dropping TPP Do you really think 5,600 pages of fresh red tape would have been beneficial l
by jb775 6y ago
> This administration messed up any opportunity to curtail China by dropping TPP
Do you really think 5,600 pages of fresh red tape would have been beneficial long term for the US? The TPP was essentially locking the US into an agreement where a bunch of smaller countries could mooch off of the US economy of scale.
- maxerickson 6y agoThe other countries in the negotiations have a similar population to the US (hell, just Japan, Mexico and Vietnam combined do). Having that many people prefer trade with the US, with a legal framework written by the US (instead of China) probably wouldn't have hurt the US. The treaty would have tended to favor larger US corporations and not US people (because that's what US "IP" laws do), but it wouldn't have been bad for the US economy.
- jb775 6y agoThe difference is that we buy all the crap they make, not the other way around. Not to mention we spend more on the military than China, India, Russia, Saudi Arabia, France, Germany, United Kingdom, Japan, South Korea, and Brazil - combined[1]. That can be a very compelling negotiation tool. Also, I don't think globalization is a good thing. I agree it would be good for the US economy short term, but really would just lead to turning the world into the equivalent of this pic: https://www.alamy.com/stock-image-american-culture-fast-food-and-gas-stations-line-highway-167662964.html https://www.alamy.com/stock-image-american-culture-fast-food... [1] - https://www.pgpf.org/chart-archive/0053_defense-comparison https://www.pgpf.org/chart-archive/0053_defense-comparison