> Uber felt it was treated fairly by a government > my guess is that if [...] had been more successful, China would have put a Mao-sized thumb on the scales. This is how it lost me, it shows how light he is on facts. I do agree with the 2 statements "China is protectionist" and "protectionism is bad". But I am cynical enough to see that everyone carefully pics which protectionism they complain about. As a Brazilian I…
I HATE American protectionism in farming. One such example is the ridiculous subsidies of corn that lead to obesity, feeding ruminants grain and even crappy cocacola! Other terrbile side-effects of our agrisubsidies include crap processed food, agricultural practices built on assumption of nearly free water leading to droughts, nutritional deficiency in produce etc etc.
Exporting food for free is a more complicated topic, on the imports side, protectionism is justified for critical functions. If we outsourced our food production, we could get it more cheaply (it's already cheap), but imagine if a supplier suddenly decides to cut us off? Food security is a national security priority moreso than typical military stuff like steel mills.