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0 sats \ 2 replies \ @Solomonsatoshi 8 Aug \ parent \ on: To tariff or not to tariff econ
The article I referenced refers to rare earth processing/refining being uneconomic in the west compared to Chinas efficiencies. Where have you shown the free market developing refining capacity for these rare earths without the help of government subsidies- such developments simply do not exist or are so small they will never credibly provide a viable alternative to the multiple rare earths Chinas mixed economy produces as part of it strategic mercantile government led economy. Please read the article about Japans experience with this and how now, 15 years later they have not developed their own supplies but are instead dependent upon China for most refined rare earths supply.
China is increasingly bold in its approach especially since Trump was forced to back down on his absurd 100+% tariffs. As soon as the Chinese responded by cutting of supply of rare earths Trump was forced to go begging for a return to more amicable negotiations- it is USA that is now on the back foot in many ways- with its decimated productive and infrastructure capacity and its chronic addiction to debt- while China continues to enjoy Trillion dollar annual trade surpluses compare to USAs 50 plus years of chronic trade and fiscal deficits.
Yes free markets do produce wealth- but nowhere in modern history has enduring wealth and prosperity existed without strong stable government, rule of law and centralised power projection enabling resource and market access.
The Party told you to ignore the evidence of your eyes and ears. It was their final, most essential command.
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Am certainly not beholden in any way to the CCP.
You are now just shooting the messenger instead of addressing the facts and issues.
Am born and bred westerner but just appalled at the inability of most in the west to understand what is happening- to ignore it is to betray any fealty you may have for western values like free markets and democracy, as compromised as they are in practice!
The west is IMO sleep walking toward losing its hundreds of years of global hegemony.
Remember 6-700 years China was the most advanced and wealthy economy and government in the world.
I am much more comfortable with western values and culture ( I understand our culture better whereas Chinese culture is quite foreign) but not to the extent that I cannot see our decline and Chinas rise is a real current trend.
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