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The consumer countries have no direct regulatory power, so they cannot force China to abide by their domestic best practices for scrubbing of flue gases, waste
by totalZero 5y ago
The consumer countries have no direct regulatory power, so they cannot force China to abide by their domestic best practices for scrubbing of flue gases, waste treatment, and other environmental considerations. There's a moral hazard involved due to our race to the bottom mentality where cheaper is always considered as better, but blame for Chinese behavior rests with China.
- amanaplanacanal 5y agoSo pay more and manufacture at home instead of buying from China. Why blame China for your own behavior?
- totalZero 5y agoIt seems quite clear that they are holding China responsible for its own behavior. They have the leverage to do so because China benefits from their consumer appetite.