Decentralise everything!

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Joined 4 years ago
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Cake day: June 27th, 2021

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  • There is a Bloomberg opinion piece (https://archive.ph/JKT85) that stated argues that China is so-called trade wars proof. TLDR: almost no day-to-day goods are imported from the US. The imports from the US are mainly things like cars, phones, etc. That is, tariffs will have a very small effect on the lower and middle classes in China. Compare this to the situation in the US: China is the main source for cheap items at Walmart, Amazon, etc. Tariffs can absolutely devestate the lower classes in the US.

    So, it seems that China can easily win the attrition war against the US.