Today the US is the largest integrated market. China is #2. | by Balaji

Balaji

@balajis

about 1 month ago

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Today the US is the largest integrated market. China is #2. But as the twin engines of the world economy fight endless internal & external battles, they’re becoming much worse for business. Eventually the internet may succeed them both as the world’s largest integrated market. t.co/7d1s4oPUyy

Internally, American states are already in a slow motion breakup. For example, California already bans state-funded travel to 22 states. States are also flying apart on many other policies. So the direction is fragmentation — and eventually, a less integrated US market. t.co/k46BtOatUN t.co/FBmKDbdVVv

Externally, *maybe* the US builds a new trading bloc that can rival China’s billion person scale. But it’s also possible — even likely — that it overcorrects and tries to go fully autarkic. As @Noahpinion rightly fears, nationalism often doesn’t have a great stopping point. t.co/0ZHK9l7QPZ

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