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by bdauvergne
732 days ago
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There is a french expression « Gouverner c'est prévoir », « To govern is to predict ». If China wants to frequently subsidize west consumption (rare earth, EV cars, batteries, solar panels, microwave ovens in the past, the list is long...), great for us, but our government should have the lucidity to keep some industry under limited economic perfusion (keep the machine tools, fire most of the workers, but keep things running and knowledge) for when the scheme will with certainly came to its end; COVID should have been an eye opener for most. |
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