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by throwaway251 3416 days ago
You are right - no other country in the world can compete with the US on economic grounds. And the reason for this has been decades of international trade that the USA has benefited from. The aim should not be competition but dis-engagement.

It would cause a LOT of short term pain - but 15-20 years later it would show benefits. China and India need to evolve with reduced dependence on exports (and the developed world). In any case they will have the largest markets based on current population projections.

Just look at the kind of income inequality that exists in these countries - I would actually argue that this was a by-product of trying to copy/serve the US model at some level.

1 comments

> I would actually argue that this was a by-product of trying to copy/serve the US model at some level.

How?