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>wow, that's some high-density bullshit. your response to the argument that economists are wrong is to post more stuff from economists that don't look at 2nd o
by ren_engineer 4y ago
>wow, that's some high-density bullshit.
your response to the argument that economists are wrong is to post more stuff from economists that don't look at 2nd order effects? China doesn't practice anything resembling free trade and as a result they are dominating naïve Western economies
the biggest problem is people who worship "free trade" as a religion while smarter nations use it as a tool to bash them in the head
- pas 4y agoNone of those are economists though. (I don't know whether they have econ degrees of some sorts but neither of them are practicing economists, both are pundits.) I'm completely in favor of levying customs on China for anticompetitive practices. (Eg. favoring state-owned enterprises against other market participants.) The point that the free trade zealots make - correctly IMHO - is that despite all the problems with the freeness of trade the trade part in itself got us so so so much prosperity. > they are dominating naïve Western economies Okay, that's a very vague claim. Dominating how? Their GDP growth is bigger? (Which is completely expected, it's much easier to catch up.) They stole a lot of tech? (Western companies knew all the risks when they entered into these partnerships, plus if they feel their IP is misused they can - and do - sue both inside and outside China, I guess with largely predictable outcomes.)