Stagflation is the worst of both worlds. It took America like eight years to get out of it and we more or less control the global banking system.
I have noticed this is a weirdly common thing in British history, you destroying your own economy for ideological reasons. Win WW1 and Churchill puts you back on the gold standard almost immediately, causing a local depression ten years before the Great Depression hit and ■■■■■■ you again. The South Seas bubble, which we’re busy replicating. Goes on.
WuWei
210
Just want to admire.
Now back on topic please.
China is rapidly increasing the strength of its navy.
https://abcnews.go.com/International/wireStory/china-launches-indigenous-aircraft-carrier-85454271
Russia is defeating the largest NATO-trained army in Europe, and they have done it with and only a small portion of their military. The US assumes a 3:1 advantage is necessary for a successful attack, but the Russians have advanced with close to equal numbers of troops.
The leadership of the US military have spent decades believing their own propaganda and fighting wars where they have vastly superior forces. The defeat of Ukraine should be a wake-up call.
China’s economy is already about the same size as that of the US. India’s economy is growing very rapidly. Each of these countries has a larger population than that of all the NATO countries combined.
The history of the 21st century will be about great powers in Asia, not Europe.
WuWei
219
i don’t know, 10% of 200B is starting to look like real money. and hunter needs some new prospects.
e7alr
221
And the materials used to build the infrastructure will be built in China.
3 Likes
Khrushchev boosted “we will bury you”; China and Russia just may do that.
The war in Ukraine demonstrates that war between peer or near-peer adversaries demands the existence of a technically advanced, mass scale, industrial-age production capability. The Russian onslaught consumes ammunition at rates that massively exceed US forecasts and ammunition production. For the US to act as the arsenal of democracy in defence of Ukraine, there must be a major look at the manner and the scale at which the US organises its industrial base. This situation is especially critical because behind the Russian invasion stands the world’s manufacturing capital – China . . .
