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Using Protectionism to Try to Keep China Down

There is a recurring theme in public discussions, seemingly embraced by everyone from Steve Bannon to columnists at the New York Times and Washington Post, that we should use protectionist measures to try to keep China from overtaking the U.S. as the world’s leading economic power. This effort is both incredibly wrongheaded and doomed to failure. In terms of it being wrongheaded, the people doing the China bashing don’t even understand that they are being protectionist.
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