If we lost a trade war, how long would it take us to find out? The vitality and flexibility of our financial system has obscured the degree to which we are living in the aftermath of a Chinese trade war victory—one in which the PRC not merely succeeded in subjecting the developed countries to trade…
I think you’ve nailed it, serious analysts in the west have no choice but to acknowledge that Chinese approach is outpacing the west, but they simply can’t bring themselves to accept that this stems from fundamental systemic difference. That’s just a bridge too far.
In all of the articles like this, there’s a just barely unspoken but rock solid premise that the industrial policy approach of the West should be better than the Chinese as some natural law. There’s a real reluctance to engage with non-racist thinking.
I think you’ve nailed it, serious analysts in the west have no choice but to acknowledge that Chinese approach is outpacing the west, but they simply can’t bring themselves to accept that this stems from fundamental systemic difference. That’s just a bridge too far.
In all of the articles like this, there’s a just barely unspoken but rock solid premise that the industrial policy approach of the West should be better than the Chinese as some natural law. There’s a real reluctance to engage with non-racist thinking.
indeed