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I recommend the work of Michael Pettis, his views are becoming mainstream in the West and economists are increasingly supportive of these tariffs. China consum
by RivieraKid 2y ago
I recommend the work of Michael Pettis, his views are becoming mainstream in the West and economists are increasingly supportive of these tariffs.
China consumes less than it produces, they essentially give their workers less than what they produce. This helps Chinese manufacturers and Western consumers, but it harms Western manufacturers. Once Western manufacturers get destroyed, it may be too expensive to rebuild them and make them catch up with current Chinese technology.
- deleted 2y ago[deleted]