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The fundamental thing the Economist and so on are in denial about is Trump is doing what he's doing because China have been comprehensively winning every trade
by fidotron 1y ago
The fundamental thing the Economist and so on are in denial about is Trump is doing what he's doing because China have been comprehensively winning every trade engagement for decades, largely because western governments have underestimated them at every turn. There is a certain large VC firm bankrolling many on here that behind closed doors has been saying for a long time that they just look at China for ideas for what to fund in the west, and the closely held honest appraisals of companies like Huawei make embarrassing reading for their supposed western superiors.
What Trump is doing may be too little too late but failure to assert anything would just be continuing to boil the frog. Given how pathetic the western elites are when their comeuppance arrives it will certainly be deserved.
- palmotea 1y ago> What Trump is doing may be too little too late but failure to assert anything would just be continuing to boil the frog. Given how pathetic the western elites are when their comeuppance arrives it will certainly be deserved. Exactly. The globalization folks fucked this one up, and for some reason they're really set on sticking to their existing losing course. The root cause seems to be too much stale 90s ideology and short-term thinking on their part. The problem with the "pathetic...western elites" getting their "comeuppance" is they'll actually make it out fine (they'll stay rich, but the rest of us will lose out more).