Stefan Demetz
@stefan_demetz
Economist - Development Economics - Economic Advisor
Expert on Russia
Author "The Sovereign Economic Model"
https://t.co/DAxHQlM8qc
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ID:1541552109069426692
http://www.sovecomo.com 27-06-2022 22:40:49
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Todd N. Tucker Western industrial policy is to take over a strategic company, immediately sell off its assets, load it up with debt and run away.
China's sin is not treating critical industrial assets as a yard sale.
Neoliberalism 'has led to the freedom of a few at the expense of the many. As Isaiah Berlin would have it: Freedom for the wolves; death for the sheep,' Joseph E. Stiglitz writes: theatlantic.com/ideas/archive/…
China is much closer to Japan in terms of debt/GDP than people think. BRICS currency anyone?
Chart Alpine Macro