We need to have know-how, talent and all that stuff to create some value. We're bleeding all these things by the minute, and I don't want to be around when the critical point is reached.
We need to have know-how, talent and all that stuff to create some value. We're bleeding all these things by the minute, and I don't want to be around when the critical point is reached.
The part you don't want to be around for is following the realisation that there is no path back.
Where would they be if their exports were significantly slashed? They didn’t develop all that manufacturing capacity to sell domestically.
The author of the post you are responding to has a valid point. Consumption alone isn't sustainable.
And when we're talking about international relations, if your exports don't cover your imports, eventually you'll go bankrupt.
People of like minds and compatible values can and should work together and form agreements to allow each other to specialize in some ways and play to each others' strengths.
But in the West, our values are not compatible with the Chinese government's.