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…
China isn’t just winning, it has actually won. There’s just some lag time for its victory to be recognized. America only holds supremacy in naval and air projection, but with our waning industrial output and China closing the technological gap it is a foregone conclusion that they will catch up in a decade or two.
China isn’t just winning, it has actually won. There’s just some lag time for its victory to be recognized. America only holds supremacy in naval and air projection, but with our waning industrial output and China closing the technological gap it is a foregone conclusion that they will catch up in a decade or two.