4 ms·
Meh, from a strict game theory perspective restricting trade makes both sides poorer. You know, both parties in a trading contract only sign on the dotted line
by cjfd 3y ago
Meh, from a strict game theory perspective restricting trade makes both sides poorer. You know, both parties in a trading contract only sign on the dotted line if both are advantaged by it.
- The_Colonel 3y agoNot to the same degree. The world economy is hurt by sanctions on North Korea, but not that much. The other way round though ... China is on a different scale, but still the losses are asymmetrical, at least relatively speaking.
- pasc1878 3y agoIt depends what the costs and benefits are - if in pure money then yes both sides poorer. But if you take into account social and other freedoms boosting China (and Russia) does not help the average Westerner as their freedoms would tend to reduce to mach China.