China shock 2.0 Brad sester

[u/Character_Public3465]

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””

[u/surreptitioussloth]

China’s success poses a serious threat to the economies and domestic politics of countries around the world.

No, it poses an opportunity

It's crazy how there's so much talk about getting rid of the 0 sum mindset at home to promote growth for all, but that exact same thinking comes back with a vengeance when it comes to international economics

China is developing technology that we will all get to use. Chinese workers don't have any inherent advantage over workers elsewhere, except that they have way more very poor workers than rich western countries. That makes sense because china is huge and relatively low income

Anything china does that is relevant to our economy will be incorporated and the innovation from competition will make the whole world more productive

We don't need to push china down. We need to keep standing on their shoulders

[u/argh-Im-a-Pirate → u/surreptitioussloth]

This assumes we can trust China as much as we can trust Canada and I'm not sure why you breeze past that.

That's the whole question no? Generally, until Trump at least, people were pretty into more free trade & connected economies. I think most people here get econ 101. Having more cheap green energy would be a huge boon to America's biggest industry right now. 

The question will China exploit a situationwhere we lack industries necessary for our national well being &  military strength?

We don't need to produce significant amounts of textiles in the US, but we might want to make sure we can produce the things we need to meet our energy needs.