I’d put money on it. It’s nearly undeniable, all the signs are there.
Yeah the empire is crumbling in front of our eyes. If Trump didn’t get in power and the pandemic didn’t happen then US had a real chance to rally its allies and choke China economically. All the NATO nations hate China with a passion, and they would’ve been all too happy to jump on board.
However, Trump severely damaged relations with EU and the pandemic created economic uncertainty and unrest in the west. Now countries are scrambling to get back to some sort of normalcy and this trumps any ideological concerns. China being the only large growing economy forces these countries to keep investing into business with China even when as it shifts balance of power away from them.
Western capitalism is at its lowest point in a century now, and China is going from strength to strength.
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Thing is that China has become a bigger trading partner for EU than US now. So, if they have to choose between US and Chinese sanctions then the latter is becoming a larger concern. Chinese economy is also growing while US is shrinking making it hard to justify continuing to align with US. The fact that EU went ahead with Chinese trade deal despite US protests shows that there is no unified front here any longer.
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solid bet
Damn straight.
