https://warwickpowell.substack.com/p/desperation-and-delusio...

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2026-08-30T07:22:37Z

https://warwickpowell.substack.com/p/desperation-and-delusions

Desperation and Delusions A Plaza Accord 2.0? The West had better hope not

Preface: This short essay is a response to a recent piece published in the Wall Street Journal calling for a Plaza 2.0 accord to be imposed on China. The piece is not only an example of political hubris, but is an example of poor analytical diagnostics. In response, I outline an alternative analytical frame, which suggests that a Plaza 2.0 (enforced RMB appreciation) would compound western industrial problems, rather than alleviate them.

DR WARWICK POWELL

30.08.26

#warwickpowell #china

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