Re:Jack Ma: 'If trade stops, war starts'
by api on Monday February 06, 2017 @10:49AM
(#13580499)
I've felt for a while that more happened behind the scenes in this election than we know, and that part of what occurred is a collapse in the de-facto unwritten alliance between the USA and China that has existed for some time now. Clinton was working to preserve that alliance, and failed.
That's dangerous. I do agree that the USA has subsidized China too much to its own detriment, but the alternative could be significantly worse for both countries. A collapse of trade would crash both economies, and given the fragility of the Chinese economy a crash there could be a humanitarian and political disaster. It could also lead to the ascent of crazy hard liners.
Honestly I don't see either -- continuing to subsidize China or collapsing trade -- to be a good outcome. It seems we've painted ourselves into a corner.
That's dangerous. I do agree that the USA has subsidized China too much to its own detriment, but the alternative could be significantly worse for both countries. A collapse of trade would crash both economies, and given the fragility of the Chinese economy a crash there could be a humanitarian and political disaster. It could also lead to the ascent of crazy hard liners.
Honestly I don't see either -- continuing to subsidize China or collapsing trade -- to be a good outcome. It seems we've painted ourselves into a corner.