Rentiers’ revenge in the US: Recasting ‘China Shock’ narratives
Warwick Powell The term “China Shock” has gained renewed currency in US policy discourse, , with recent warnings in the New York Times of a “China Shock 2.0.” The first wave, it claims, came in the early 2000s, unleashing a flood of low-cost manufactured goods that allegedly devastated US manufacturing. The second, they argue, is […]