MP
Michael Pettis
@michaelpettis.bsky.social
Senior Fellow at Carnegie China. For speaking engagements, please write to chinfinpettis@yahoo.com
1k followers31 following1k posts
5/5 Deglobalization will occur only if and when deficit countries take steps to force the cost of deficient domestic demand back onto the surplus countries. If the latter doesn't happen, the former is unlikely to happen. That's what we learned in the 1930s.
MP
Michael Pettis
@michaelpettis.bsky.social
Senior Fellow at Carnegie China. For speaking engagements, please write to chinfinpettis@yahoo.com
1k followers31 following1k posts