In early 2018, the gloves finally came off: The United States started to punish China for its unfair trade practices and threatened allies, like Europe and Canada, for their uneven trade policies. Since then, trade has been dominating the headlines, with threats and counterthreats from the opposing sides.
But the bluster is distracting the world from the fact that we’re in an outdated paradigm, and a major solution could be fairly simple.