

renewable energy took a long time to take off because the cost of it had to fall low enough first, which can only happen through substantial subsidies, which only germany and china were willing to do. germany cancelled the project sometime around 2012 while china pulled all the way through.





theoretically, the thing that should happen as europe imports more from china than it exports to china, is that there’s a net flux of currency into china, which would devalue the euro and inflate the yuan. this should increase price levels in china while also lowering them in europe, until production capabilities can shift back to europe.