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Debt is serviced under a contract. The worst a lender can do is not give any future debt. Now of course in the case of nation states, agreements are changeable
by true_religion 6y ago
Debt is serviced under a contract. The worst a lender can do is not give any future debt.
Now of course in the case of nation states, agreements are changeable by military and economic force, but in effect you would have to do more than simply hold debt to affect another counties economy.
- anthk 6y agoChina is the world's factory/warehouse today. Even more on a R&D world. Any war with China from the US would be shooting their feet themselves with a bazooka.
- true_religion 6y agoA factory and warehouse of civilian goods. That logic won’t stop people from going to war with China. It stopped no one from warring with the US, back when it was the major civilian good supplier. I do think going to war with China is useless. The loss of life would be immense and I see no reason for people to die for ideological purposes. However, a Cold War is coming. No longer, can we pretend that China and the US will become genuine parters, with shard long term goals and policies. If we must be competitors, then it’s best to do it honestly and openly.