[TigerLikesRooster]

U.S. and China is in economic MAD. This is an arrangement which offers an apparently weaker player decent leverage to push the stronger one around.

In the past, it was China. Now, it is U.S.. Speaking in financial and economic terms.

[helpfulresearcher]

Perhaps what we need is a 40% tariff on all Chinese goods, with legislation that if they allow their yuan to rise 40% the tariff would drop to zero.

It is this pretense at free trade that has been killing our productive capacity. The balance of power has been toward consumers and against producers in the US, just as it has been against consumers and toward producers in China.

Of course the productive capacity is something that the Chinese military prefers. It was America’s productive capacity that won WW2.