Do as I say, not as I do.US to EU and Canada and Davos: "nooo you can't make trade deals with China! They will take advantage of you and flood your market with cheap goods."
Meanwhile also US:
People assume that once you are cancelled in China, you are permanently cancelled. Like how Simu Liu's comments during an interview about how his parents left China when it was third world lead to Shang-Chi getting limited screenings in China and people assuming he would never be let back in. But what do you know last year, he made a big hoopla about going to Beijing for vacation. That case is small fry though compared to Ai WeiWei, who made a career of being anti-China and has now turned a new leaf.
More radical types think having the wrong stance on China warrants lifelong punishments. However, changing people's hearts is one of the hallmarks of a great power and people turning to the light should be welcomed with open arms.
Just cause India will never reach China's potential doesn't mean it will not become the 3rd largest economy. Its pretty much already there. No one thinks India will not grow from 4 trillion to 6 trillion and surpass Germany. Even if it takes 20 years, its certainly going to happen, all thanks India's extreme population and extemely low GDP per capita. Just little bit of urbanization alone will take India to 3rd largest economy.The Indian scholars and businessmen are taking for granted that India will become the 3rd largest economy in the world. Sunil Barthi Mittal is saying that it's "written in the stars". Comments section is interesting.
Sunil Mittal said that China had a "free pass" with the US market in the past. India doesn't have that today, but it has a 1.5 billion strong consumer market. So he is basically saying that India doesn't need the world market to grow into the third largest economy. Who needs the US and Chinese market anyway?
Here's the problem. India joined the WTO in 1995, while China only joined in 2001. So in terms of having a "free pass" with the US market, India had a 6-year headstart over China. So why didn't India ran ahead of China first? Why did US companies predominantly chose to manufacture in Communist China over Democratic India?
The Indian elites have never dared to ask what if India doesn't achieve it's potential. What if India's lack of success vs China is purely self-inflicted? Opportunities were there, and India's opportunities were actually much better than China. But India keeps missing opportunities and then blames others for it. Right now, India is on course to miss yet another opportunity. But this time, Automation and AI would eventually close the best windows of opportunities for India for good. After that, it's the middle income trap.
The US is actually competing with the rest of the globe, especially the global south, for Chinese capital and investment. It explains a lot of their behaviour.US to EU and Canada and Davos: "nooo you can't make trade deals with China! They will take advantage of you and flood your market with cheap goods."
Meanwhile also US:
I honestly wonder, sooner later the USA is going to end up becoming the walking definition of a rogue nation once it leaves all these institutions that it has created. Once this nation falls and it most definitely will, will other nations that are already rogue (Israel for example) be quite so belligerent the When the USA was at its peak or will they finally see reason. Chances are that its neighbours then might find the back bone to finally do something Instead of sucking Americas shaft as a standard practice. Still once the USA is out of the way, China then take finally take over these organisations and actually make proper use of them
The Indian scholars and businessmen are taking for granted that India will become the 3rd largest economy in the world. Sunil Barthi Mittal is saying that it's "written in the stars". Comments section is interesting.
Sunil Mittal said that China had a "free pass" with the US market in the past. India doesn't have that today, but it has a 1.5 billion strong consumer market. So he is basically saying that India doesn't need the world market to grow into the third largest economy. Who needs the US and Chinese market anyway?
Here's the problem. India joined the WTO in 1995, while China only joined in 2001. So in terms of having a "free pass" with the US market, India had a 6-year headstart over China. So why didn't India ran ahead of China first? Why did US companies predominantly chose to manufacture in Communist China over Democratic India?
The Indian elites have never dared to ask what if India doesn't achieve it's potential. What if India's lack of success vs China is purely self-inflicted? Opportunities were there, and India's opportunities were actually much better than China. But India keeps missing opportunities and then blames others for it. Right now, India is on course to miss yet another opportunity. But this time, Automation and AI would eventually close the best windows of opportunities for India for good. After that, it's the middle income trap.