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Protectionism seems to have worked really well for China, and it helped America get to where it was 60 years ago. Meanwhile, relatively recent free trade treat
by Amezarak 3y ago
Protectionism seems to have worked really well for China, and it helped America get to where it was 60 years ago.
Meanwhile, relatively recent free trade treaties hollowed the American economy out and contributed to its financialization. I'd like to go back, please.
- Blackthorn 3y agoIf the state of China right now is considered winning, I'll keep losing.
- TeMPOraL 3y agoThen you would be a loser in every way. The state of China today is far from perfect, but they got from nothing to where they are, industrializing within living memory. I think even people with strongest negative sentiments towards China recognize this as impressive achievement.
- psd1 3y agoSouth Korea is notable for using protectionism for a phase, to allow domestic industry to reach a size where it can survive without protection
- forinti 3y agoAmerica kicked away its own ladder. https://en.wikipedia.org/wiki/Ha-Joon_Chang#Kicking_Away_the_Ladder https://en.wikipedia.org/wiki/Ha-Joon_Chang#Kicking_Away_the... I think Reagan and Thatcher started to believe the stories the central economies told the peripheral economies.