From: video61atarisales@gmail.com   
      
   now this was all quite predictable, because its happened more than once. every   
   time the crack pot ideology called free trade rears its ugly head, we face   
   this, every single time. and adam smith, karl marx, and keynes warned us this   
   would be the results.   
      
      
   "this is the situation today: The domestic markets of these foreign producers   
   have neither the size nor the wealth to support their own industries. As they   
   undercut U.S. production, however, they will gradually weaken the American   
   economic base that they    
   have come to depend on. Rather than a self-sustaining, self-reinforcing   
   process, this new relationship becomes self-liquidating."   
      
      
   https://twitter.com/michaelxpettis/status/1744254203088781493?re   
   _src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E17442542030887   
   1493%7Ctwgr%5E8f266e28bb8e6754215dc81ab026fe72955e6431%7Ctwcon%5   
   s1_&ref_url=https%3A%2F%2Fwww.nakedcapitalism.com%2F2024%   
   2F01%2Flinks-1-9-2024.html   
      
      
   Michael Pettis   
   @michaelxpettis   
   1/8 Important Bloomberg article on worsening global trade constraints. It is   
   becoming more and more likely that world moves towards a manufacturing   
   over-production crisis. Given the current structure of its economy, China   
   effectively...   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)