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I'm not particularly concerned about a prisoner dillemma trap. If one country did that, the immediate response from all other countries could simply be 'stop a

I'm not particularly concerned about a prisoner dillemma trap. If one country did that, the immediate response from all other countries could simply be 'stop all trade with that country' or simply 'crank up the import taxes from them' until they shape up. You also don't need anywhere near 100% agreement for this to be effective. A large company losing just a few key markets (US, Germany, UK, blah) could massively outweigh any benefit they could imagine by trying to game such a system.

redisman 6y ago
Just look at how much bs China is making the biggest corporations in the world jump through to be able to do commerce there. And what do the companies do - they adapt and grovel to get to that market. This is just one of those hyper-capitalist talking points that has never been proven true but keeps coming back up. If you do X then all the companies will leave. Like there are infinite other Chinas or Americas out there.