The great China/USA breakup
The David McWilliams Podcast
00:00
Globalization: The Decoupling Between China and the United States
Before around 2000, globalization was mostly rich countries selling complex products to each other. And then something changed, which is China, join the global trading system and join the WTO. They started subsidizing these capital-intensive industries, climbing up the tech value chain very fast. In supply chains, you get the most value from doing one of two things.
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