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Some Links

Desmond Lachman is rightly not worried that China’s economy poses a threat to that of the United States. (Indeed, I regret the loss of wealth – to the Chinese people as well as to Americans and all who trade with the Chinese – that will result from the failure of China’s economy to continue to grow impressively.) Here’s a slice from Lachman’s essay:

Another factor that does not bode well for China’s future economic performance is President Xi’s apparent intention to destroy the foundation on which China’s economic miracle rested. He is reversing the economic reforms introduced by Deng Xiaoping in 1979, aimed at giving the private sector increased room to breathe dynamism into the Chinese economy. Fearful of the challenge that a thriving Chinese private sector might pose to the Communist Party’s political hold on the country, President Xi is now reestablishing party discipline and increasing the role of China’s state enterprises.

Mike Shedlock argues that “Chinese IP ‘Theft’ Doesn’t Justify Trump’s Tariffs.

Speaking of the Chinese, David Henderson is surprised that they aren’t scofflaws in the WTO.

Scott Sumner makes some good points in this post about China and intellectual-property, but I see no good reason – especially given the link immediately above – to credit Trump’s trade policies.

Mark Perry remains thankful at Thanksgiving.

Joakim Book celebrates the redistribution carried out regularly by innovative free markets.

My intrepid Mercatus Center colleague Veronique de Rugy offers a reality check on the spending schemes proposed by Elizabeth Warren and Bernie Sanders.