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by intended
2178 days ago
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I think you’ve made an argument for free trade, but your examples and logic don’t refute the value of protectionism. China is a ridiculously protectionist state - people in the west had theorized that the market would force China to more opennness and democracy back in the day. China instead found a way to run a market with Chinese characteristics - a dual contract system where the English contract holds little power, knowledge transfer, a closed media environment and more. It’s worked too. China suggests that some players can extract the benefits of free trade and protectionist policy. |
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Still, none of what has been accomplished in China could've been possible with very high tariffs, obsession in homegrown industry before acquiring expertise, and obsession with policies that have always failed but still sound good to the electorate. All of which are characteristic of India, Argentina, Egypt, etc. And I'd argue that China is better when it comes to free movement of trade than India even if it's much worst in almost every other type of freedom.