alt Hacker NewsOnce China's economy reaches a certain point, will not the same thing happen to them? I'm not sure who will be the next source of cheap/slave labor and lack of concern about negative externalities, maybe Africa?
Once China's economy reaches a certain point, will not the same thing happen to them? I'm not sure who will be the next source of cheap/slave labor and lack of concern about negative externalities, maybe Africa?
> Once China's economy reaches a certain point, will not the same thing happen to them?
No, because it's not a problem of economic development, but political ideology.
China's political priority is technological dominance and capability, and it views free markets as a tool subordinate to those goals. The US's political priority is financial wealth, and an extreme ideological attachment to free markets that overrides most other priorities. The US has an ideological vulnerability that China is well-positioned to exploit.
This problem goes well beyond Trump, and has roots that are very deep.