The dividing lines in the next election will be clear and will be around issues of Canada's sovereignty. The Conservatives are relentlessly anti-China.
Poilievere seeks to reestablish trade relations with the U.S. by capitulating to Trump's whims. He's already said that he will tariff Chinese EVs at 100%. Trump hates Canada's supply management of the dairy industry and that will be the next to go in Poilievre's platform.
We are in an historical pivot point brought about (largely) by a fracturing of institutions and their supporting systems, like global trade. We were there at the end of WWII.
The Liberal government then (largely under the auspices of Canada's "Minister of Everything" C.D. Howe) pushed a rapid industrialization of Canada, largely with U.S. foreign investment.
Adequate capital formation has always been a problem for the country. Under Trump, this strategy will not be easy, but China has the cash and direct foreign investment is, as Keynes pointed out at Bretton Woods in 1943,
...a means to relieve trade imbalances that he correctly predicted would arise if there were no mechanisms to avoid it. China would do well to push it more intensely, like building an EV manufacturing business in Canada.
Americans oppose it for obvious reasons, but they are so far behind technologically in EV and battery technology that on price the Chinese made product will be irresistible to consumers.
Modernity subjugates matter to human needs, and China is now setting those terms. Tooze on China: sinicapodcast.com/p/adam-tooze-i…
• • •
Missing some Tweet in this thread? You can try to
force a refresh
