Monday, February 16, 2009
Dan Drezner has the details, illustrating the crazy mixed up world in which we live in.
Do as I say, not as I do. Does this mean the Chinese will be dismantling the elaborate system of export subsidies, import barriers and quotas, and other measures every bit as protectionist as tariffs?
I think the audience for the commentary is the rubes. I.e. us.
Did you see that the Chinese bought more cars in a recent month than Americans? It’s a new world to wrap your head around.
(For 100+ years we have been neither 100% capitalist nor 100% socialist. Now the Chinese are adding more capitalism to their mix. Their recovery from extremism is possibly the biggest event of this century … if they can actually find balance.)
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