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Comment by jordanb

Again containerization happened in the 1970s and 1980s. The China Shock was 2000-2010.

What technology was invented in 2000 that allowed everything to go to China? No technology. That was the year the US adopted Permanent Normalized Trade Relations with China. It was a government policy change!

By the way the US already had trade relations with China. All PNTR did was promise not to change the policy in the future. That was the starting gun that signaled to all American companies that they should start investing in production in China.

So would globalization happen on some scale just because of the march of technology? Sure. But the way it happened, the speed at which it happened and the extent to which it happened, were the result of policy choices.

parent jordanb 1 month ago

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