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by shivasaxena
319 days ago
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> 50 years later (aka now for most of the west): "Why did we lose all our industries ? Why is it so hard to find a job ? Why is all the know how in China now ? Why is China buying our ports/airports ?? Why is our social model collapsing ? Why is our health care system collapsing ? Why is our pension system collapsing ?" Answer would be because we shielded our firms from foreign competition by putting in place such anti-competitive policies. Our firms had no incentive to be efficient since they had a captive market for half a billion consumers they could bleed dry. Concrete example for this would automobiles and VW v/s BYD/Xiomi in particular. |
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Isn't it nice, you'll be able to afford a meal per day and enough to maybe buy a sleeping bag so you can enjoy the under bridges better.