“In this telling, China has risen to global industrial dominance by protecting its market, manipulating corporations, and leveraging its geoeconomic power, which is why the U.S. must do none of those things.”
Many such cases. The NYT and WSJ weekly reveal their preference for the CCP over President Trump and common sense economic policies.
“In this telling, China has risen to global industrial dominance by protecting its market, manipulating corporations, and leveraging its geoeconomic power, which is why the U.S. must do none of those things.”
Many such cases. The NYT and WSJ weekly reveal their preference for the CCP over President Trump and common sense economic policies.
One thing that separates our ambitions though from these policies by China, we must not chase the export market! Roughly 45% of their manufacturing is consumed by the export market. In 1950 in the U.S. when we were the dominant productive power, 90% of our product was consumed domestically.
As Henry Clay said in his “speech on industry” the home market is first in order and paramount in importance. China is a paper tiger, a successful paper tiger, but we shouldn’t fall into the same export trap they have.
“In this telling, China has risen to global industrial dominance by protecting its market, manipulating corporations, and leveraging its geoeconomic power, which is why the U.S. must do none of those things.”
Many such cases. The NYT and WSJ weekly reveal their preference for the CCP over President Trump and common sense economic policies.
One thing that separates our ambitions though from these policies by China, we must not chase the export market! Roughly 45% of their manufacturing is consumed by the export market. In 1950 in the U.S. when we were the dominant productive power, 90% of our product was consumed domestically.
As Henry Clay said in his “speech on industry” the home market is first in order and paramount in importance. China is a paper tiger, a successful paper tiger, but we shouldn’t fall into the same export trap they have.