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I think the situation with China is forcing US policy circles to finally concede that free markets don’t bring freedom and democratization. The arrow of causal
by SkyMarshal 4y ago
I think the situation with China is forcing US policy circles to finally concede that free markets don’t bring freedom and democratization. The arrow of causality works in only one direction, freedom -> free markets. The former is a prerequisite for the latter, not a result of it.
Free trade between a free market economy and an authoritarian nation results in mercantilist behavior on the part of the latter toward the former, with a range of net detrimental outcomes to the former.
- ClumsyPilot 4y ago> a range of net detrimental outcomes to the former. I don't buy this - China has provided us with natural resources, cheap goods, cheap labour. Material resources of this world. And no-one forced us to take them. The responsebility for the way it played out rests with us.