China's Peer-To-Peer Lenders Are Falling Like Dominoes as Panic Spreads

Re:China's Peer-To-Peer Lenders Are Falling Like Dominoes as... by sonnyblarney on Wednesday August 01, 2018 @07:25PM (#17667979)

"Protectionism has always doomed countries"

I'm not sure if this is true.

Less developed economies that tried to be protectionist obviously were hurt by it (many examples: India, China etc.)

But large swaths oft the economies of most, even developed nations are protected. Banking, telecoms, agriculture, military and in many cases broadcast entertainment and energy - are still protected to this day.

And then of course de-facto protectionism of state-backed or related entities.

Large open economies usually have more to gain relatively speaking than do smaller open economies, which risk being gobbled up.

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Re:China's Peer-To-Peer Lenders Are Falling Like Dominoes as... by glitchc on Thursday August 02, 2018 @07:57AM (#17670772)

Should rephrase my original comment to blanket protectionism. What works well is a "soft touch" where a local sector is supported just enough to remain competitive with foreign entities. That approach could equally be labeled "increasing competition", and is proven to work well.

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