These "Winner/Loser" headlines are great for click-through rates, less so for drawing any conclusions beyond the incredibly superficial. The real story is always at the micro level. Anyone declaring a macro entity a perpetual winner or loser probably hasn't zoomed in enough, or perhaps, zoomed out too much to see anything useful.
> neither tariffs nor other trade pressure will get China to abandon the state-driven economic playbook that has worked so well for it and suddenly adopt industrial and trade policies that Americans consider fair.
As if Americans would consider fair any trade policy that threatens the dominance of their country. Entirely understandable, but let's not pretend it's a matter of "fairness".
uejfiweun · 10h ago
I'm sorry but I blame the old powers like the NYT a lot more for the current predicament than I blame the current president. For all their hemming and hawing about China leading "global production in multiple industries" they sure were silent during the 80s, 90s, and 2000s when the business elite of the country were busy offshoring and selling to the highest bidder to make this situation a reality. I think the corporate media in this country is an absolute disgrace.
It's like, what are they even trying to say here? Do they mean to imply that if Trump hadn't cut funding to public research or whatever, this situation would be fundamentally different? Completely ridiculous. If they're mad about the rise of China, then they should be blaming the people who allowed China to catch up in exchange for a quick buck.
jltsiren · 9h ago
I think the ultimate point is that capitalists don't care about your country, whatever country that is. Capitalism is the least bad economic system discovered so far, but the success or failure of any particular country is irrelevant in it. If a country wants to be successful under capitalism, its leaders (and ultimately citizens) must choose policies that make it successful. You can't rely on businesses, because capital has no homeland.
As if Americans would consider fair any trade policy that threatens the dominance of their country. Entirely understandable, but let's not pretend it's a matter of "fairness".
It's like, what are they even trying to say here? Do they mean to imply that if Trump hadn't cut funding to public research or whatever, this situation would be fundamentally different? Completely ridiculous. If they're mad about the rise of China, then they should be blaming the people who allowed China to catch up in exchange for a quick buck.