Canadians should not want free trade with China. It’s reasonable to protect domestic industries. China has massively invested in their productive capacity; free trade would destroy any domestic Canadian businesses that compete with their Chinese counterparts. Canada should be purchasing cheap factory equipment from China and reshoring lost industries via heavy investment or creating state-owned businesses. But, Canada should also stop cutting funding for its public health system, enact laws to prevent capital flight, and tax big businesses and the ultra-wealthy heavily, and we know that a fucking banker would never do that.
Canada should be purchasing cheap factory equipment from China and reshoring lost industries via heavy investment or creating state-owned businesses.
Someone gets it.
I mean the whole comment is completely on point. The only thing I’d add is that weakening Canada’s economy isn’t in China’s interest. If we go down the toilet, the US takes us over (in abstract terms) and cuts off China from Canada. To keep Canada trading with China, they need us stronger than today relative to the US so we can stay independent. With that said, China probably would rely on us to enact the required trade controls to preserve and develop what we need. They’d just comply with those controls instead of fighting them.
Canadians should not want free trade with China. It’s reasonable to protect domestic industries. China has massively invested in their productive capacity; free trade would destroy any domestic Canadian businesses that compete with their Chinese counterparts. Canada should be purchasing cheap factory equipment from China and reshoring lost industries via heavy investment or creating state-owned businesses. But, Canada should also stop cutting funding for its public health system, enact laws to prevent capital flight, and tax big businesses and the ultra-wealthy heavily, and we know that a fucking banker would never do that.
Someone gets it.
I mean the whole comment is completely on point. The only thing I’d add is that weakening Canada’s economy isn’t in China’s interest. If we go down the toilet, the US takes us over (in abstract terms) and cuts off China from Canada. To keep Canada trading with China, they need us stronger than today relative to the US so we can stay independent. With that said, China probably would rely on us to enact the required trade controls to preserve and develop what we need. They’d just comply with those controls instead of fighting them.