Re:White House Weighs Limits on U.S. Portfolio Flows Into China
by pas on Saturday September 28, 2019 @05:50PM
(#21103105)
Equal say is nice, but I want equal treatment too. (Both when it comes to trading [MFN rules], and when it comes to law, courts, administration. They are extremely far in both regards from healthy/sane.)
All the amazing gain and growth given to us by the free market worths nothing if it fuels oppression, if it raises barriers to entry to markets, if it pushes the whole economy toward monopolies and monopsonies, toward fragile centralization, and toward worse lives for the participants.
And no, it should be more cultural, not less. There are clever and efficient policy tools to manage healthy free markets. Allowing China, the US or anyone to make people forget/ignore these cultural foundations and all the achievements of good policy (as in political cooperation and economic competition; from the forming of the US itself from the individual original states to the contemporary EEA integration such as traditional/geographical origin protection and indication, Schengen border control union, emission quotas, common food and drug inspection standardization, etc.), just because some country is strong would be a folly of the greatest magnitude.
All the amazing gain and growth given to us by the free market worths nothing if it fuels oppression, if it raises barriers to entry to markets, if it pushes the whole economy toward monopolies and monopsonies, toward fragile centralization, and toward worse lives for the participants.
And no, it should be more cultural, not less. There are clever and efficient policy tools to manage healthy free markets. Allowing China, the US or anyone to make people forget/ignore these cultural foundations and all the achievements of good policy (as in political cooperation and economic competition; from the forming of the US itself from the individual original states to the contemporary EEA integration such as traditional/geographical origin protection and indication, Schengen border control union, emission quotas, common food and drug inspection standardization, etc.), just because some country is strong would be a folly of the greatest magnitude.