Geoeconomics: Why Europe needs protective barriers against China's state capitalism
By
Handelsblatt
If you only eat one bagel today, this is the bagel.
Summary
Thorsten Benner argues that European ordoliberals should support protective measures against China's state capitalist practices, framing such actions not as protectionism but as necessary "order protection" (Ordnungsschutz) to defend fair market competition. The article contends that China's system of state-subsidized industries, forced technology transfers, and market access restrictions undermines the rules-based global economic order, and Europe must build defensive barriers to maintain economic sovereignty and fair competition.
Key quotes
· 3 pulledFür Ordoliberale ist das Vorgehen gegen die unfairen Praktiken von Chinas Staatskapitalismus kein Protektionismus, sondern Ordnungsschutz.
Europa braucht eine China-Schutzmauer.
Es geht nicht um Abschottung, sondern um die Verteidigung eines regelbasierten Wettbewerbs.
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