We've advanced from the New Protocols to the Mutual Blockade π π π
Reposted from
Judah Grunstein
Lots to process right now, but rather than tariffs or trade war, I think it's more accurate to say that the US and China are imposing mutual blockades on each other's goods.
One underpriced scenario is the return of smuggling as a major component of trade, as during Napoleon's Continental System.
One underpriced scenario is the return of smuggling as a major component of trade, as during Napoleon's Continental System.
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https://thehistoryofrome.typepad.com/the_history_of_rome/2008/12/38-the-catiline-conspiracy-the-history-fo-rome.html?cid=143378164
It reminded me of the diamond district guys.
Suggests to me that if the norm against smuggling weakens, there's not a lot of admin infrastructure to rely on for compliance.
https://newrepublic.com/post/193930/ports-not-collecting-trump-tariffs-glitch
Warning of man made horrors beyond our comprehension