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Economics is clear on nothing. The curve maximizing behaviors for international trade have a few assumptions built in, e.g. that Taiwan does not get annexed by
by oneoff786 5y ago
Economics is clear on nothing. The curve maximizing behaviors for international trade have a few assumptions built in, e.g. that Taiwan does not get annexed by China and suddenly the trade incentives change horribly.
- mvc 5y agoI think the assumption is that when the system is threatened, the leaders of all the countries benefiting from said capitalism would grow a pair and do something. Because if they don't, and the system collapses, then what?
- oneoff786 5y agoThe system has already collapsed if war is happening. The opportunity cost of economic trade is dependence. There’s more at play than basic competitive advantages to actual trade.