10 sats \ 1 reply \ @TomK OP 1h \ parent \ on: De-dollarization: China picks up the pace econ
The others will go down before
Here in Europe, of course, there is also a different financing culture, which is based on the foundation of regional banks and lending, as seen in Germany. but years of zero interest rate policy have really made credit seem damn cheap in contrast to equity financing.
the jobs argument is always a political killer argument and i fundamentally reject that. once you allow interventionism, there is no stopping politics and more and more reasons are created to protect any industries and sectors. so for me: free trade no matter who subsidizes what and where. subsidized industries already have their own inherent decline.