3 ms·
Everyone printed money like crazy, not just the Western governments, nations at all levels of development are paying the inflation price. I don't think that alo
by safety1st 4y ago
Everyone printed money like crazy, not just the Western governments, nations at all levels of development are paying the inflation price. I don't think that alone will change the balance of power meaningfully.
It's fair to say that less trade with a totalitarian rival power means less deterrent to war. Yes that's bad but the alternative of financing their military buildup and their oppression of their own people is not really a good one.
- rrrrrrrrrrrr2 4y agoI'm not sure "financing" their military buildup is the right way to analyze what's happening in China. Do they really have a dependence on U.S./western goods? It seems like almost all their production is domestic besides imports of chips and software (Microsoft, Apple, etc.). I doubt they'll have much trouble replacing those U.S. imports either. And, at least from western reporting, it seems that China has significant coercive control over their people even in their daily lives. If all this is true, then it makes no sense to quantify China's efforts in dollars and to think that somehow the West is financing it. It makes more sense to look at China as a self sufficient economy with a potential labor force of 1.4B and compare it to the U.S., EU, India, etc. which have a similar position and are for now buddies in competition against it.