Powerline 11/13/2022
The NATO alliance seems stronger in light of events in Ukraine and Russia. But economic competition and security may be something else. The Telegraph headlines: “Europe has picked a side in the new Cold War – China.”
In the new Cold War economy, trade will be restricted, technology fenced off, and intellectual property fiercely protected. Manufacturing capabilities will be built up, and supply chains brought closer to home to ensure resilience whatever happens.
That is going on here in the U.S. I hope it is, anyway.
As relations between the West and China deteriorate sharply, every developed economy will have to pick a side. And it is already becoming clear which one the major powers of Europe – and the European Union itself – have chosen. China.
Over the last few weeks, we have seen example after example of major industrial and commercial ties with China deepening.
More:
https://www.powerlineblog.com/archives/2022/11/whose-side-is-europe-on.php
