If we lost a trade war, how long would it take us to find out? The vitality and flexibility of our financial system has obscured the degree to which we are living in the aftermath of a Chinese trade war victory—one in which the PRC not merely succeeded in subjecting the developed countries to trade…
We definitely are worryingly close to it. They still haven’t really made up their minds. The MAD theory is being tested.
Provided we can avoid nuclear war they will first kick their legs and struggle in an attempt to prevent things happening but when that doesn’t work they’ll transition into managed decline and acceptance.
We definitely are worryingly close to it. They still haven’t really made up their minds. The MAD theory is being tested.
Provided we can avoid nuclear war they will first kick their legs and struggle in an attempt to prevent things happening but when that doesn’t work they’ll transition into managed decline and acceptance.
Indeed, my expectation that if we don’t all die in a nuclear holocaust, then the US will circle the wagons and rule over a diminished empire.
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