The Sino-American "trade war" — economic warfare by another name — seems to be escalating. China is showing no signs of backing down.
Zero Hedge
China Warns Trump "We Will Outlast You" As US "Significantly Escalates" Trade War
Tyler Durden
Wednesday, May 2, 2018
Zero Hedge — China Warns Trump "We Will Outlast You" As US "Significantly Escalates" Trade War
The Sino-American "trade war" — economic warfare by another name — seems to be escalating. China is showing no signs of backing down.
Zero Hedge
China Warns Trump "We Will Outlast You" As US "Significantly Escalates" Trade War
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3 comments:
Trade wars are a symptom of the unjust distribution of ASSETS; i.e. who needs a job mining, creating, growing or selling real wealth to foreigners when one does not desperately need a job in the first place?
Good critique of JG from Rodger Mitchell: https://mythfighter.com/2018/05/02/the-mmt-jobs-guarantee-con-job/
If people are hired only because they need jobs, rather than because the job needs people, what prevents them from being make-work? Rodger Mitchell
Nails it!
But not just make-work - negative work since otherwise useful time is destroyed.
But that's the point, isn't it? To destroy time? Similar to milk-dumping in the 1930's to raise milk prices?
Sure let's have generous infrastructure spending but on bulldozers, not JG workers with spoons.
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