Governments are the problem, not the solution. And when they enact “solutions” to the problems they caused, they make the problems worse. From MN Gordon at economicprism.com:
About 6,940 miles west of Washington DC, and at roughly the same latitude, sits Beijing. Within China’s massive capital city, sits the Country’s paramount leader, Xi Jinping. According to Forbes, Xi is currently the most powerful and influential person in the world.
Xi, no doubt, is one savvy fellow. He always knows the right things to say. He offers his nation’s citizens the “Chinese Dream.” They consume it like boysenberry funnel cakes at the county fair.
So, too, Xi always knows the right things to do. He elaborates his vision for securing world dominance through something called the Belt and Road Initiative. His people get behind it without question.
But all is not bliss for Xi…
After decades of hard work, dedication, and loyalty to the Communist Party of China, Xi finally rose to the top of the trash heap in 2016. That’s when the party gave him the elite title of core leader. What a disappointment it must have been to first look out across the geopolitical landscape and see a boorish New York blowhard like President Trump snarling back at him.
What could be a more ignoble fate for an anointed leader from a culture with a zealous emphasis on the abstract concept of “saving face,” than having to get twisted up with Trump?
Trump, without question, is a guy that likes to tuck in his shirt, fluff up his hair, and put on a coat and tie, before stepping out to the back alley with his opponent to roll around in the mud. Xi, on the other hand, is more of a ‘let’s settle it at the poker table’ type of guy.
Naturally, it’s Trump’s bad-manners, and the popular delusion of MAGA, that provokes the unwavering support of Trumpians. However, Xi, in order to save face, must get muddy with Trump. And the trade war provides the perfect opportunity to do so.
We’ll have more on this in just a moment. But first a brief diversion – and a scratch for instruction…
To continue reading: All the Makings of a Major Economic Fiasco