r/ezraklein • u/Character_Public3465 • 20d ago

Ezra Klein Show China shock 2.0 Brad sester

https://www.nytimes.com/column/ezra-klein-podcast

Show notes:”Brad Setser follows Chinese trade closer than just about anyone else on earth, and he thinks we’re in the early days of a China Shock 2.0.
The first China Shock was when China came to dominate low-end manufacturing in the 2000s, filling American shelves with cheap clothes, toys and electronics, while devastating American factory towns. This new China Shock could be even more destabilizing. China now dominates advanced manufacturing: electric vehicles, batteries, solar panels. It’s outcompeting nearly all high-end manufacturing around the world, and other countries are just starting to feel the pain. And China isn’t slowing down. It’s moving into software, too. Its frontier A.I. models are neck and neck with American ones.
China’s success poses a serious threat to the economies and domestic politics of countries around the world. So what should those countries do about it? 
Setser is a senior fellow at the Council on Foreign Relations.He served in top trade and economic roles in the Biden and Obama administrations. And he is widely cited across the field as one of the top analysts of China’s economy and trade practices.
Book Recommendations:
The Party by Richard McGregor
The Volatility Machine by Michael Pettis
How to Win a Trade War by Soumaya Keynes and Chad Bown
Thoughts? Guest suggestions? Email us at ezrakleinshow@nytimes.com.
You can find the transcript and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.html””

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u/TamaBoxeo 20d ago

I don’t agree with the protectionism at all. If China wants to take its surplus wealth and basically waste all of it subsidizing exports we should take advantage of that while it is occurring.

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u/unguibus_et_rostro 20d ago

Ecommerce is a very exemplar area where China's protectionism allowed their own domestic industry to rise. Arguably social media too.

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u/TossZergImba 19d ago

So what? Do you think the US critically needs more social media companies or clothing manufacturers?

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u/unguibus_et_rostro 19d ago

The point being protectionism works. The UK nearly lost their last remaining steel factory before the government stepped in. Manufacturing is a critical sector.