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This was particularly true for China. The US government generally endorses the idea that since there’s a global market for resources, no country needs to ensure that it has its own domestic supply. This perspective makes sense for America because, in light of its prodigious military capability, it can protect its access to resources abroad. But this is not true for other countries, particularly those that worry about ending up in conflict with the United States. China’s large investments in battery technology and electric vehicles in recent years, while certainly good for the environment in ...more
Boom: Bubbles and the End of Stagnation
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