On “China Shock 2.0” and the Green Industrial Wars

The China-focused battle over electric vehicle subsidies and production is an intellectual dead end that might actually end in a shooting war.

McKerracher, Colin, Electric Vehicles Look Poised for Slower Sales Growth This Year. BloombergNEF (12 January 2023).

The reasoning behind US economic policy is a moving target that mostly makes sense as a bid to permanently weaken China. Some rich countries are trying to ride whatever waves America kicks up, oblivious that:

1. There is no stable (economic) c…