Andrew Henry on Nostr: ` Instead, what’s being built isn’t overcapacity, but merely the basic capacity ...
`
Instead, what’s being built isn’t overcapacity, but merely the basic capacity the world needs if it’s to build the low-emissions economy needed to get the planet to net zero. If China is producing the tools to avert global warming more cheaply than we can do it ourselves, we should follow the advice of Adam Smith: “Buy it.”
'
https://www.bloomberg.com/opinion/articles/2024-04-02/us-china-yellen-s-steel-argument-will-hurt-clean-technology
Instead, what’s being built isn’t overcapacity, but merely the basic capacity the world needs if it’s to build the low-emissions economy needed to get the planet to net zero. If China is producing the tools to avert global warming more cheaply than we can do it ourselves, we should follow the advice of Adam Smith: “Buy it.”
'
https://www.bloomberg.com/opinion/articles/2024-04-02/us-china-yellen-s-steel-argument-will-hurt-clean-technology