2 ms·
I have a nation state interest in getting wealthy and trading our comparative advantage. Not paranoid delusions and one-sided brinksmanship. China can produce
by whimsicalism 2y ago
I have a nation state interest in getting wealthy and trading our comparative advantage. Not paranoid delusions and one-sided brinksmanship.
China can produce things cheaper than we can. “Industrial policy” to make a wealthy nation like the US a competitive low-cost manufacturing hub are delusional. Let us focus on what we are good at and other countries focus on what they are good at.
Realpolitik is making our country wealthier and rationally approaching emerging risks, not banning cheap cars and solar panels because other countries are too good at making them. Let alone engaging in trade wars with our allies and banning acquisitions from Japan.
- sbfeibish 2y agoWe have to have a dependable supply chain. We found out during Covid we couldn't obtain the goods we needed. It doesn't matter how cheap goods are if they can't be purchased. China is a predatory, mercantilist economy. That cares more about providing its citizens with jobs than profit. They can ship goods under cost and drive competitors out of business. When it comes to cars I'll bet our tariffs haven't been anything like for example European tariffs on US cars. It's not a fair game with China. They'll supply us with hardware for our grid, but won't use our hardware in their grid. China blocks our internet.