4 ms·
Bringing China into the world of global trade has lifted literally hundreds of millions of people out of abject poverty, and created a consumer surplus for bill
by bradleybuda 5y ago
Bringing China into the world of global trade has lifted literally hundreds of millions of people out of abject poverty, and created a consumer surplus for billions of people in the developed world.
I agree that China shouldn’t get a free pass to pull this schoolyard bully BS, but the economic consequences of “just cut them off” need to be factored in.
- jgalt212 5y agoFair enough, but draconian measures and their side effects (making many poor even poorer, and enriching Marc Rich) were pretty much universally espoused and employed against South Africa. Of course, China >> SA, but the per person human toll could be similar. https://www.businessinsider.com/how-marc-rich-got-around-sanctions-2013-6 https://www.businessinsider.com/how-marc-rich-got-around-san...
- mrtweetyhack 5y agoyou mean hundres of millions of Chinese? That's their problem