• leftytighty@slrpnk.net
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    2 days ago

    And no matter how many protectionist measures that the US implements we’re seeing that they’re losing the global competition. I guess protectionism and oligarchy aren’t the best ways to accomplish the stated goals of a capitalist economy. How soon before China is leading in every industry?

    • Cowbee [he/they]@lemmy.ml
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      2 days ago

      This conclusion was foregone when China began to focus on developing the Productive Forces and the US took that for granted. Without a hard pivot, the US can’t even hope to catch up to the productive trajectory of China, and even if they do hard pivot, that doesn’t mean they even have a chance to in the first place.

      In fact, protectionism has frequently backfired, and had other nations seeking inclusion into BRICS or more favorable relations with BRICS nations.