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I think the discussion of trade here misses two points. First, it can be argued that Australia started this trade war. Long before China put any restrictions
by thisrod 6y ago
I think the discussion of trade here misses two points.
First, it can be argued that Australia started this trade war. Long before China put any restrictions on imports from Australia, we were putting "anti-dumping" tariffs on Chinese steel. The ban on Huawei is a bit dodgy. You wouldn't want every mobile router in Australia to come from the same Chinese vendor. But the choice we actually have is between N networks with western hardware, or N+1 networks where the extra one uses Chinese hardware (and is possibly a lot cheaper and a bit shonkier than the others). It's not clear how that extra network would cause the collapse of Australian democracy: no one is forcing us to use it. On the other hand, it's very clear how it might cause a collapse in the profit margin of a monopolistic telecom company with close ties to the Liberal Party.
Secondly, there's that thing which everyone knows but pretends not to: trade benefits consumers much more than producers. For farmers in Australia, this means plowing some crops into the ground and delaying buying their kids the latest smart phone. For farmers in China, it means feeding their kids a diet of mercury, cadmium and melamine, when they lose access to safe and unadulterated produce. That isn't a very smart way for the Chinese government to spend its political capital, and you have to suspect this is more about vanity than deliberate strategy.
- redis_mlc 6y agoShame on you. When you act as a free apologist for a totalitarian government like the CCP, you're a useful idiot: https://en.wikipedia.org/wiki/Useful_idiot https://en.wikipedia.org/wiki/Useful_idiot
- lucian1900 6y agoIf anything you’re the useful idiot, for the US.
- redis_mlc 6y agoI have no problem if you want to line up for the CCP to harvest your organs, which they do to multiple religious groups. But is that really who you want to serve? Waiting to see your "whataboutism" for involuntary organ harvesting. No other country on earth does that.
- rbecker 6y ago> trade benefits consumers much more than producers In the short term. Long term, if you don't protect them while your trading partner does, it means your key industries will become foreign-owned, or simply bankrupt. After that, the idea of sovereignty, when you own none of your economy, is laughable.
- thisrod 6y agoThe problem with that argument is that industries are consumers too. If anything is going to send Australian firms bankrupt, it's forcing them to pay exorbitant prices for steel and network routers that their competitors can buy cheaply. Fun fact: these days, Australians own more of everyone else's farms and factories than they own of ours.