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> The reality is soon China will reach a point where they will be completely independent from the rest of the world. There is a word for industrial, political

> The reality is soon China will reach a point where they will be completely independent from the rest of the world. There is a word for industrial, political and financial independence from the rest of the world - "sanctioned". Unless China were an entity far and away superior in every sense than every other country in the world (i.e. unless they were a Star Trek level culture living in our current world), striving for complete trade independence becomes a negative for their economic progress. China lacks many of the natural resources it must use to continue to grow. It must trade with the rest of the world to continue to grow; but the inverse is not true. The world DOES NOT need to trade with China.

lmilcin 6y ago
Well, people like you cause wars. China is a huge economy, soon to overtake US. No, they don't lack natural resources. What they do lack is knowledge in some key areas (semiconductors) but they seem to be capable enough to just steal whatever they need. What you seem to be forgetting is that US owes at least 1 trillion dollars to China and that overall, China holds over 2 trillion dollars in external debt. More than that, US needs even more debt and there aren't many places at the moment where you can get a loan of the size that US needs. Even more than that, US is currently incapable of producing much of the stuff they need and buying it from elsewhere (EU?) would cost a lot more. I am pretty sure it would be US that would be critically wounded by the sanctions. US companies are as much reliant on being able to offshore their work to China as Chinese companies getting that work from US. The difference is, that these Chinese companies are able to produce stuff on their own vs most US based companies having no production capabilities of their own.
- monkeydreams 6y ago
  The point I made was that no nation should seek economic independence as it is equivalent to applying a sanction against yourself. This is true for everyone, not just China, not just the US. Now obviously you are upset about something, because you've launched into an attack that has NOTHING to do with this point. > Well, people like you cause wars. Doubtful. I tend to see the world as something more than a zero-sum game. I also don't run a country and have very little chance of ever doing so, let alone leading one to war. Also, in a world awash with cash, where bonds can be issued with a negative yield, and still find buyers, and where central banks can issue arbitrarily large sums of currency, this following comment is just plain confusing; > More than that, US needs even more debt and there aren't many places at the moment where you can get a loan of the size that US needs.

lmilcin 6y ago

Well, people like you cause wars. China is a huge economy, soon to overtake US. No, they don't lack natural resources. What they do lack is knowledge in some key areas (semiconductors) but they seem to be capable enough to just steal whatever they need. What you seem to be forgetting is that US owes at least 1 trillion dollars to China and that overall, China holds over 2 trillion dollars in external debt. More than that, US needs even more debt and there aren't many places at the moment where you can get a loan of the size that US needs. Even more than that, US is currently incapable of producing much of the stuff they need and buying it from elsewhere (EU?) would cost a lot more. I am pretty sure it would be US that would be critically wounded by the sanctions. US companies are as much reliant on being able to offshore their work to China as Chinese companies getting that work from US. The difference is, that these Chinese companies are able to produce stuff on their own vs most US based companies having no production capabilities of their own.

monkeydreams 6y ago
The point I made was that no nation should seek economic independence as it is equivalent to applying a sanction against yourself. This is true for everyone, not just China, not just the US. Now obviously you are upset about something, because you've launched into an attack that has NOTHING to do with this point. > Well, people like you cause wars. Doubtful. I tend to see the world as something more than a zero-sum game. I also don't run a country and have very little chance of ever doing so, let alone leading one to war. Also, in a world awash with cash, where bonds can be issued with a negative yield, and still find buyers, and where central banks can issue arbitrarily large sums of currency, this following comment is just plain confusing; > More than that, US needs even more debt and there aren't many places at the moment where you can get a loan of the size that US needs.