Why has China been unable to diversify its economy away from exports?
It still has too much top down control of the economy which reflects a reluctance to fully trust the market. Entrenched business interests working in tandem with the government have not embraced the broader mechanism of market feedback. Such continued thinking weakens economic diversification and innovation.
Why couldn't Feudalism continue after the Industrial Revolution?
The Industrial Revolution brought about a mass movement directed towards urbanization. It also created a more flexible labour market. In short it reduced the domination of the Agrarian economy and the entrenched population base that were necessary for Feudalism to continue. In a further sense it helped spread the ideas of economic liberalism and the individual liberty that are anathema to the rigidity of Feudalism.
If Canada and the US stopped trading between each other what would happen?
It would devastate the economies of both. The US in particular relies on Canada for raw material. Canada would be crushed by the lack of revenue as the US makes up 75% of the countries import and export market. In addition Canada is the US’s 2nd biggest trading partner (just behind China). If trade broke down between these North American nations the US would likely have to rely on imports from far less reliable global sources. Inflation would wreak havoc with the country as supply lines would be stretched and greatly reduced in efficiency. The environmental effect would also be negatively impacted.
Do you think South Africa's genocide case against Israel has merit?
No. Its just a ploy by the ANC brass to ingratiate themselves with various elements of the Arab world, some of its BRICS partners and the radicals in its own party and the EFF. That way they can take pressure off themselves for their mishandling of both the South African economy and its electrical power system. Cyril Ramaphosa is running a government that is riddled in corruption and failing the bulk of the population.
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