China Retains Manufacturing Edge in EVs, Solar, and Batteries

no, seriously how can this mindset be tolerated at all?

Neither is GLM

Opus ain't having this

@teortaxesTex Baumol effect {1980s } hindered US efforts to do that , WW1 for Germany, Free Trade Absolutism for UK in late 1800s . Standard Econ has an unstated axiom that it isnt possible, China is Basically the best Real world experiment to test this axiom to its limit.

@teortaxesTex The comparative advantage theory of maximizing trade is so fucking stupid. Like we’re supposed to let Africans trade us sugar cane because that’s the best part of their economy? Even though we can produce 1000x more because we have machinery.

Some people don’t deserve to trade.

NVIDIA stonks and Manhattan apartments are nice until you need a million drones or a new semiconductor fab. Then the factories start looking pretty important again. How long until Western economies realize that losing manufacturing isn’t just ‘comparative advantage’ — it’s strategic vulnerability?

@EgeErdil2 well why isn't it applied to anything? The US doesn't hold the majority of the world's smart people, educated people, SWEs or anything really. It just owns most of the internet, software and digital infra

retarded

@teortaxesTex Comparative advantage assumes infinite demand for your "best" product. But if you can satisfy global demand with 1% of your workforce, may as well make everything else to keep the 99% employed.