To: Jamie153 who wrote (126865 ) 5/24/2019 11:54:29 AM From: TigerPaw 2 RecommendationsRecommended By
Respond to This trade war is about one thing and only one thing. 5G. I think the correct historical analog for today's situation is the development of high pressure steam engines in the period of 1800-1820. In those days England was the undisputed industrial leader of the world, and they still resented the United States for breaking away as a colony thirty years earlier even though they kept most economic ties. In 1812 England got it's military revenge by kicking the US butt in another war, burning the capital, reasserting their economic interest in Canada. There were also new tariffs from each party. The US responded by ignoring English patents, especially to high pressure steam which England had invented, and began to develop an indigenous industry based on coal and steel, centered in New England states which had the greater contact with English industry and an easier time stealing technology. By 1830 the US could build high pressure steam engines small enough to fit on a boat, while England was still building mammoth low pressure engines over their coal mines and mills. By 1850 the US was exporting engines, and the whole industrial concept, to emerging markets such as Germany. Well today the leading industrial power is the US, inventor of 5G. There does seem to be an idea in this country that with a few tariffs and a sanction or two the Chinese will have no choice but to send their millions of people back to the countryside to raise ducks and tea bushes. I think the days of Mao have passed. If China is forced to complete an indigenous industry on it's own and prop up emerging markets to give it an export base then I think history shows this is not only possible, but probable.
