Comments by "Persona" (@ArawnOfAnnwn) on "Why China Could Ruin European Industry" video.

@OnlineEnglish-wl5rp 'China's copied everything' - lol no. China is winning at electric cars, which is a new segment where your great '100 years of developing the car industry' means nothing. Watch the video.
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@OnlineEnglish-wl5rp Nah the Americans threw Japan under the bus when they saw it gaining on them a generation ago. The Plaza Accords are a key instance of that. They were worried when Japanese cars started outcompeting their own back in the day as well. Korea was fine cos it was never as successful as Japan.
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@amandagrant4331 This isn't new. The US wasn't always a proponent of globalization. It used to be highly protectionist in its early years, against the advocacy of Britain, the previous champion of free trade. But even Britain itself practiced mercantilism during its rise, switching to free trade only after. Just as the US advocated open trade after it was dominant. Ha-Joon Chang, an economist at Oxford, has written extensively about this in his book Kicking Away The Ladder.
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@pipiqiqi4010 Nations are always hypocritical, all of them. It's called serving the national self-interest.
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The world has never worked like this. Nations are always hypocrites. The US wasn't always a proponent of free trade. It used to be highly protectionist in its early years, against the advocacy of Britain, the previous champion of free trade. But even Britain itself practiced mercantilism during its rise, switching to free trade only after. Just as the US advocated open trade after it was dominant. Ha-Joon Chang, an economist at Oxford, has written extensively about this in his book Kicking Away The Ladder.
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@OnlineEnglish-wl5rp See above. The west has protected its economy for far longer than it has ever been open. And the EU still protects it heavily. You've always been pursuing your own self interest, both via protectionism when that suits you and free trade when that promises more benefits. It's how many of the most successful western countries were built.
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@randomguy7175 I'd rather India compete on pharmaceuticals, the other remaining big industry in Europe. Making cars means competing with China, which will be hard. But India already has a strong domestic pharma industry, while China isn't known for pharmaceuticals. It can easily muscle out the Europeans on price, assuming they allow free competition.
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