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[–] 8 points 14 hours ago

How's that trade war going Trump?

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  • 3 comments in c/globalnews@lemmy.zip view that post
    [–] 4 points 13 hours ago

    Thanks, Trump!

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  • [–] 2 points 8 hours ago

    Tarrifs worked great! And only cost Americans trillions!

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  • [–] 1 point 8 hours ago

    Is it something like mercantilism with Chinese characteristics?

    Rich Country, Poor Citizens: China’s $20 Trillion Paradox Shows That For The Communist Party, A Few Thousand Tycoons Are Easier To Manage Than A Broad Middle Class

    [... ] It is not hardship that is politically dangerous, but a comfortable middle class […] On the institutions that underpin a secure middle class — most importantly a social safety net — China diverges sharply from its peers. Social spending sits near 10% of gross domestic product, roughly half the average for countries in the Organization for Economic Cooperation and Development. Xi often warns that welfare programs breed idleness, a surprising stance for an avowed Marxist. The underlying motivation is more likely that households forced to self-insure stay precarious and pliable [...]

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