What’s worse, tariffs or outright banning the competition from your market? China has done both despite globalism being what has lifted it from poverty. Why is everyone suddenly surprised that globalism and free markets are coming to an end? Is this a net good? Mostly no unless you count more redundant supply chains.
> China has done both despite globalism being what has lifted it from poverty.
such oversimplification on steroids is totally misleading.
globalism was never invented or promoted to help any country in poverty, it was designed to extract excessive values from those poor countries in the first place. painting globalism as something noble is naive at best.
globalism was the theme of world trading for the past several decades, it was available to all nations. care to explain why other nations in poverty failed to be lifted by the exact same fancy globalism?
let me help you on this one - China was THE leading technological and economical force of the vast majority part of human civilisation. What happened between 1840 and 2010 (the China in poverty period) was an outlier of the history. Globalism didn't lift China from that poverty, the ability to lead the human civilization which was embedded into the Chinese DNA did that.
Kid, when our Chinese ancestors wrote the Art of War, your ancestors were still swinging on trees. You just missed that big picture.