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heavyblinker -> RE: Trump's decision to cancel TPP helps China (1/24/2017 12:57:56 PM)
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quote:
ORIGINAL: Kirata
quote:
ORIGINAL: heavyblinker
http://money.cnn.com/2017/01/23/news/economy/tpp-trump-china/index.html
That's one opinion. Here's another:
Withdrawal from TPP the Right Choice for U.S. Trade Policy
quote:
ORIGINAL: heavyblinker
he has left China as the biggest supporter of globalization.
Which is likely to be an unenviable position, given widespread and growing anti-globalization sentiment.
K.
China is safe from the will of the ignorant masses-- it has the advantage of not being a democracy... and it is becoming very clear that this is truly an advantage. Russia and China are set to promote the Yuan as a global currency-- Trump is helping that process along.
Just because certain nations are experimenting with protectionism, it doesn't mean that it's going to work-- in fact, most economists say it doesn't make any sense whatsoever. It's just a lot of people who don't understand economics lamenting the loss of an idealized past that never existed-- a failure of the education system to produce citizens equipped to deal with economic reality. China doesn't have this problem-- they learn languages, advanced math, business practices, etc. I've been there-- there are a lot of problems, but even in the shitholes, the education system is way way way ahead. Nobody wants to deal with a country that has openly promised to put its own interests ahead of everyone else's, or a scumbag swindler of a president who thinks the global economy is a zero sum game.
China will be opening factories abroad and replacing the dominant American brands with Chinese copycat brands that are more affordable and will eventually surpass their American counterparts in quality as well, and they won't have all of this baggage of worrying about working conditions and copyrights... since America will be making itself less attractive to practically everyone else, China won't have to be so flexible and could easily offer other nations better deals, cementing their role as the world's dominant superpower far more easily than they otherwise could have.
Trump/Brexit is the sound of the western world cheering the end of its own global influence... when they realize this, it will be too late.
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