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I fully agree with you that effecting "better"/more democratic politics abroad via trade has a poor track record (EU buying Russian gas would be another example
by myrmidon 2y ago
I fully agree with you that effecting "better"/more democratic politics abroad via trade has a poor track record (EU buying Russian gas would be another example).
But answer honestly: Do you think that the US/Europe shaped their trade policies in a way that maximized foreign political improvement (especially pre-Crimea)? Because to me, that sounds almost comically self-delusional: We did not try to foster democracy when trading with Russia/China-- we traded to get stuff for cheap.
Looking at GDP development, this was very effective: Yes China grew more wealthy as well, but current trends are not looking like Chinese real wages will ever catch up to US levels, even in the next several decades...
I honestly believe that the US has profitted immensely from trade with China-- it would be insane to try to avoid this (and hold on to domestic industry) from a perspective of how it affected the average American citizen.