The global economy is finally waking up to the risks from authoritarian economics.
As China imposes critical mineral and lithium battery export restrictions on the U.S. and the world, one must ask: Why did anyone ever trust a mercantilist dictatorship like the Chinese Communist Party to be the world’s main supplier of so many critical goods?
To make matters worse, as China limits its critical exports to weaken our defenses, it also floods the world with overproduced cars and heavily subsidized steel, shutting out market-oriented producers.
What a racket.
Of course, we are not alone.
All market economies are at risk.
Multinationals in Europe are urging the EU to address Beijing’s dumping.
As a senior executive at German steelmaker Thyssenkrupp recently put it: “We need protection