Yogthos on Nostr: Well, isn't it just peachy how western economists were incessantly preaching about ...

Well, isn't it just peachy how western economists were incessantly preaching about the wonders of free trade and outsourcing?

I mean, who needs domestic industries when you can buy everything from whoever can make it cheapest, right?

But now that China has caught up and is offering the same deals, suddenly US wants to close their borders and protect their own industries. How convenient for them.

https://www.bloomberg.com/opinion/articles/2024-04-08/yellen-junks-200-years-of-economics-to-block-china-clean-tech