‎Stephanomics: The Consequences of the US-China Blame Game Have Arrived on Apple Podcasts

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On this week's Stephanomics, ansteyasia explains how desiccants makes up a tiny piece of the battle field in the new Cold War between China and the West Listen on Apple podcasts:

If it feels like the US relationship with China is a tinderbox waiting to explode, chalk some of it up to political expedience. Leaders on either side of the Pacific have played the blame game for years, faulting each other for their troubles while failing to enact necessary reforms at home, says economist and China scholar Stephen Roach. Meantime, these “false narratives” have built up so much animosity that a new Cold War has emerged, he says.

What happened? Roach says the deterioration of US-China relations stems from a zeal for blaming the other side for one’s own shortcomings. US leaders routinely blame China for the large trade imbalance favoring the Chinese, Roach says. To be sure, China is the biggest source of the imbalance, but countries run trade deficits because they fail to save.

On this first Stephanomics episode of the new year, we feature a double shot of brewing economic and political conflict between the US and its Western allies on one side and China on the other. Host Stephanie Flanders talks with Roach about his new book, Accidental Conflict: America, China, and the Clash of False Narratives. Things didn’t have to be this bad, says Roach, a former chief economist for Morgan Stanley and now senior fellow at Yale Law School.

Source: Entertainment Trends (entertainmenttrends.net)

 

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