4 ms·
> Narrow tariffs, competitive subsidies, sanctions, divestment, export restrictions are all viable deterrents. The only thing that stops this is when a nation
by indymike 2y ago
> Narrow tariffs, competitive subsidies, sanctions, divestment, export restrictions are all viable deterrents.
The only thing that stops this is when a nation has more to lose than to gain... and that will happen soon as other emerging economies follow the grand tradition of cheating their way to prosperity. Then slowing down the comepetition will be the only play.
All of us born after 1970 have seen Japan, Taiwan, Hong Kong (before being re-absorbed), and China run the cheat your way to the top playbook and will see it at least a few more times.
- MrsPeaches 2y agoAs you say it’s a well trodden path: American industry was built on IP theft[1] British empire was built on IP theft [2] Byzantine empire was built on IP theft [3] [1] https://en.m.wikipedia.org/wiki/Samuel_Slater https://en.m.wikipedia.org/wiki/Samuel_Slater [2] https://www.smithsonianmag.com/history/the-great-british-tea-heist-9866709/ https://www.smithsonianmag.com/history/the-great-british-tea... [3] https://en.m.wikipedia.org/wiki/Byzantine_silk https://en.m.wikipedia.org/wiki/Byzantine_silk
- indymike 2y agoThis is the truth. We shouldn't act surprised when an emerging economy "blatantly ignores" IP norms for established nations.