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.
![File:2015- Passenger electric vehicle (EV) annual sales - BloombergNEF.svg File:2015- Passenger electric vehicle (EV) annual sales - BloombergNEF.svg](https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd1e68e27-b6bd-4998-aa35-7e98d9cdd345_800x600.png)
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:
There is no stable (economic) c…