re: Protectionism is not the answer

quote:

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China, given enough time, can bankrupt (or at least force companies to relocate to China) every free market industry one at a time using their economies of scale. This applies mainly to manufacturing, which is where the real economic values come from.

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I understand how you came to that conclusion but it is not valid.

A lot, a whole lot, of the manufacturing that has moved to China is because of US regulation. Government owned industries in China still exists but those could never bankrupt entire industries. They could bankrupt the Chinese government if the scale was large enough. Southeast Asia is taking a lot of business away from China now that labor cost in China are rising. There will always be lower cost producers in the world economy--it is just a fact as economies change.