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I think this traces its roots much farther back than the atomic bomb. At it's heart, weaponized finance is just a re-envisioning of a siege or blockade for the
by everforward 5y ago
I think this traces its roots much farther back than the atomic bomb. At it's heart, weaponized finance is just a re-envisioning of a siege or blockade for the 21st century.
The response will likely be similar. Stockpile valuable resources when you can, bring the important jobs inside the castle walls (i.e. onshoring in important verticals), keep powerful friends around that can help break the siege.
I think the global economy is going to become less intertwined. There's going to be a strong preference for onshoring where possible, and buying from allies where it's not.
I would expect to see a lot more anti-China rhetoric in the US and maybe EU, and maybe some anti-US rhetoric in EU. It's going to be of strategic importance to have an economy that is reasonably self-sufficient. Not entirely, but enough that the whole thing doesn't flop over from a month of sanctions.