Faced with global competition from countries with cheap renewable energy, the EU should embrace a partial deindustrialisation rather than subsidise uncompetitive industries, according to a new report from the Potsdam Institute for Climate Impact Research published on Wednesday (24 April).
Wild how China is aggressively maintaining industrialization, going so far as to automate factories.
Meanwhile, the west continues to race to the bottom by outsourcing to cheaper countries.
china is basically the player in Victoria 3 and everyone else is npcs just doing random shit according to whatever interest groups want
More clippers in 1915? Makes sense to me!
Right?
Seems like most of the west is already in the latter stages of deindustrialisation.
Also this headline could be rewritten to say “Researchers urge Europe ‘embrace’ reliamce on developing world for all manufacturing”