3 ms·
There were good and bad. We may soon find out whether it was a good deal or not as globalization gets reversed. I think the timing of it was really bad, as we a
by autokad 4y ago
There were good and bad. We may soon find out whether it was a good deal or not as globalization gets reversed. I think the timing of it was really bad, as we are choosing to end globalization as the baby boomers are retiring. We are going to find we don't have enough workers to produce the goods and services we want to buy. With all the hate on automation, right now automation is the only thing that can save us.
As far as evil China, I don't disagree with that, but the US wasn't much better in a lot of regards. The US weaponized trade. We were like that drug dealer that gives you drugs for free to get you addicted, and then threaten to cut you off if you don't pay high prices. "you don't agree with our culture? we will cut you off!" It wasn't just trade, but the monetary system as well.
Needless to say, I am not optimistic about our future.