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by binaryfinery 5645 days ago
Yes, quite right. We'll benefit in the same way that countries like Equador or Nigeria benefit from the USA's innovation, wealth and power.

Which is to say, if that if we have something that a Chinese superpower wants, they'll take it by force, or by installing a puppet government, and if we don't, then good luck buying those medicines: they are 10000yn, with $10 to the yn.

The "economists" who take your statements as fact do so because they are paid to do so. The ones who advocate protectionism are dismissed as communists or marxists.

The trade theory you talk about assumes a balance of payments, required by something like the gold standard, which simply doesn't exists now. This is economic war and the USA is losing. I did some International Relations at Cambridge University. You should try thinking instead of just "accepting as fact".