My Take | Another clickbait advocate for US-China decoupling
- Superseding the World Trade Organization with an ‘economic Nato’ and registering American business leaders too close to China as ‘foreign agents’ are more alarming ways of hawkish US economist Clyde Prestowitz to promote a hardline disassociation of two of the world’s largest economies
Anti-China hawks in Washington and anti-American pandas in Beijing are easy to spot. They basically say the same thing about each other’s country, only that the subject and object nouns in their sentences are usually reversed. Clyde Prestowitz, a prominent US labour economist, is right up there.
I do, however, have a grudging respect for some of his work, and am easily amused by his more outlandish remarks.
By the same standard, most CEOs on Wall Street and not a few on Main Street will have to register too, given their massive China exposure. There is, however, method to the guy’s madness.
He also argues for an “Economic Nato”, or ENato – a trading alliance made up of democratic countries that practise free-market capitalism – and a crackdown on US investment in China.