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9 sats \ 0 replies \ @7e6e393a56 13 Feb \ on: Why economists got free trade with China so wrong econ
The plan was basically the same as what they did with Japan after the end of World War II, but it went wrong. The strategic purposes of the United States in the massive financial investment in Japan gave great results: An ally, financial return and military bases, but by opening the market with China... the result is there for everyone to see