I don't see anything wrong with mutual protectionism (even if it does spark war, that's kind of inevitable considering China will invade Taiwan once its naval capacities have advanced far enough to seize its foundries). It's better to depose the charade of "free trade" now rather than later.
E: Wouldn't be half in this mess if the globali I mean, grrr, those headless Wall St. types didn't stupidly whore themselves out on those one-sided agreements.
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