For the U.S. And China, a Technology Cold War That’s Freezing Over
Kind of an interesting read. They’re essentially describing current trade pressures between the US and China. Over the years,I’ve come to the opinion that these pressures were foreseen by the US administrations. But they chose this outcome as preferable to any other option. Essentially, I hypothisize this as their mindset: that the over 1 billion citizens of China were going to grow their per capita GDP to levels elsewhere. That’s enough for them to be 3x the size of the US. So the US chose to keep trade as near to free with China as possible. If business in the US was effectively at the level of business in China then the US wouldn’t be pushed too far below historical GDP.