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Agreed. Inflation seems part of any scenario that involves decoupling/transfer. Also people need to be aware of the scale of the task. E.g. climate change, the population has been fed the fantasy of painfree and even joyous transition to low carbon green economy, which lie has been made plausible thanks to shipping polution and waste (often literally) to China etc. The impact of decoupling would be profound. People need to be realistic. It s a decade plus project with a lot of difficulties. Replacing the productivity and consumption of 1 bln workers...the mind boggles. And if you add other self-interested actors i.e. rest of the world, and Chinese counter actions...

May 15, 2020
at
4:19 PM