The West CANNOT Beat China. This Is Why. | Arnaud Bertrand
Originally published on Feb 20, 2025.
[Part 2 of 2] While the West is still busy trash-talking China at every waking moment, it has completely eluded them that China has an unbeatable domestic system that neither the USA nor Europe can match. China has one of the most decentralized fiscal policy systems in the world and built its national structure around local competition beyond a simple market economy. Now compare that to the ever-increasing centralization in the European Union and you get a sense of why Brussels doesn't stand a chance to ever produce the same kind of products at the…
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