When the great Recession of 08 happened the Chinese government responded to it...badly.
All foriegn assets in china were seized and nationalized, factories, IP, money, property if it was in china it got seized by the government, there was no compensation for this seizure the explanation was that this was china had a right to seize the property in light of the century of humilation.
They then placed a 300% tarriff on all goods made outside of china....
But what if this didn't happen what if the great nationalization didn't happen what would the world look like today?
All foriegn assets in china were seized and nationalized, factories, IP, money, property if it was in china it got seized by the government, there was no compensation for this seizure the explanation was that this was china had a right to seize the property in light of the century of humilation.
They then placed a 300% tarriff on all goods made outside of china....
But what if this didn't happen what if the great nationalization didn't happen what would the world look like today?