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China is isolationist and they seem to be growing. The problem is the USA is a consumer economy which isn’t sustainable. We could get away with it as a tech le
by itake 2y ago
China is isolationist and they seem to be growing.
The problem is the USA is a consumer economy which isn’t sustainable. We could get away with it as a tech leader, but with China stepping ahead (Deepseek) china will be a tech leader and manufacturing leader. What will the USA have?
- lunarboy 2y agoIn what plane of reality is China isolationist
- donnachangstein 2y agoDo you think walling their population off from the Internet doesn't qualify?
- gscott 2y agoThey are the least isolationist they have to sell their goods, often by building the roads that carry them.
- GCUMstlyHarmls 2y agoI think term is protectionist? Not an economist.
- gscott 2y agoWe love cheap stuff if the country providing it is weak and not a threat of any kind. Suddenly we don't love good Chinese prices any longer. The massive world wide tariffs are a scheme to restructure the trade order because we have lost control of the WTO, etc to China. We have been so greedy American companies fell over themselves to build factories and joint ventures in China only for China to create competitive companies and force these joint ventures to bankruptcy. Because of the greed, intellectual property and knowledge transfer to China Donald Trump has decided to save the system himself. The stock market being at all time highs doesn't matter if the United States is left empty of capabilities.
- itake 2y agoChina doesn't allow other tech companies to compete (Google, Facebook, Amazon, etc) .
- ajross 2y ago> China is isolationist China is what now? China is the biggest trading partner of something like 70% of all nations in the world! China is asymmetric and unfair, not "isolated". They disallow imports except in a handful of industries they can't replicate yet. That works for China, because: (1) they are huge, and (2) they remain poor, and thus can do the low wage jobs internally in addition to doing them for the rest of the world. The US only has advantage #1. Though at this point #2 seems within reach...
- itake 2y agoChina doesn't allow foreign businesses to operate. See Google, Facebook, etc
- decimalenough 2y agoChina is very far from isolationist. They're making huge investments into other countries with Belt & Road, importing huge amounts of commodities, exporting huge amounts of finished goods. Sure, the domestic market is protected, but it's a long way from North Korean autarky, which seems to be Trump's goal.