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per @dc_kurtz (ht) this should cause free traders to consider their positions and at least add shading
i generally like trade and corporations but they are machines and respond to incentives, and some incentives generated in these conditions lead to very bad outcomeshttps://twitter.com/Noahpinion/status/1181964700860346368 …
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eigenrobot Retweeted eigenrobot
personal disgust aside, from a policy standpoint you need to give firms a reason to not do this that may be legal and may be something else but currently this is how corporate machines will respond to their incentive environmenthttps://twitter.com/eigenrobot/status/1181963873106059265?s=19 …
eigenrobot added,
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My hunch is that international trade will look very different in ten years, and probably be broken into US and Chinese blocs (+maybe neutrals). A competent foreign policy would involve aggressive negotiations to make the US bloc (formal or informal) as large as possible.
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I don't see the US taking this path in a Trump presidency, and possibly not in any alternative. Obama tried to pivot to the Pacific and failed hard, and everyone fought TPP. In retrospect, the time since 9/11 to today looks like a slow suicide by the American empire.
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he probably has the right high level impulse on china but Jesus the man is cackhanded
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