US can't compete with China's technology, so it wages economic war
Geopolitical Economy Report
Trade Tensions: The Western Dilemma
This chapter explores the contradictory trade policies of Western countries towards China, highlighting the protectionist measures adopted in response to competition from Chinese industries. It critiques the hypocrisy of rich nations advocating for free trade while employing state-led strategies similar to China's. The discussion also examines the resurgence of Keynesian principles as the U.S. shifts its economic policies in light of challenges posed by China's state-driven socialism.
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