How the United States could devastate China by quickly decoupling
foreignaffairs.com
foreignaffairs.com
What ended up happening was the complete deindustrialization of the US and decimation of the working class, massive trade imbalance and essentially handing over untold wealth to the despotic Chinese regime.
Only an academic could come up with such a disastrous plan under such sophisticated and intelligent pretense.
[0]: lost wealth (typically gold reserves) -> a weaker currency -> global economic incentive to begin exporting valuable goods and begin steadily recouping the lost wealth
Anti-intellectualism has helped bring us to this position, by neutralizing opposition into the easily-discardable "they took our jobs" rather than focusing on the actual mechanism by which the US working class was getting screwed - massive money printing to maintain price inflation (the official policy, in direct opposition to the marketing refrain that offshoring would reduce prices). That newly-printed money (representing the economic gains from offshoring) was then mostly given away to banks to loan back to us and otherwise pump up the asset bubble (ie "the rent is too damn high"). But even that realization has been neutralized by anti-intellectualism, with the myopic focus on the "deficit" and "government debt" in lieu of overall fiscal responsibility - once again helping to facilitate the trend of looting by the upper class with the cover of achieving society-wide austerity while turning a knob that does nothing of the sort.
Now this same anti-intellectualism has brought us Trumpism with its blind anger. All swagger and impotence, alienating our long-time allies and destroying our cherished American freedoms, putting us in a much worse position to do anything about China. And of course cheered on by the same people who've finally realized they've been had - by the previous scam quickly disappearing in the rear view mirror.
The past century is defined by Progressivism, from the New Deal and subsequent Great Society, which was hoisted by the World Wars and complete centralization of society into the administrative state run by supposed experts.
At every level it's been experts and intellectuals of all sorts, think someone like Paul Krugman - there's countless others, who we're told have it all figured out and we should simply accept all their demands and if anyone disagrees well they're rubes and what do they know.
Of course capital is saying now it can fix all the problems they caused. I’m sure you believe them too.
isn't this flamebait?
Maybe try explaining how academics strong armed capital into deindustrializing and you’d get a better response.
The fact you went right to rules lawyering shows your weak position.
I laid out how globalism was pushed by the economic academic consensus as the enlightened approach to international relation with China.
I said that it has clearly failed to advance US interests over the past 30+ years and resulted in the decimation of the working class in America and hollowing out of the economy.
I don't think that's a rant, nor argument without evidence.
Mmmm, it feels like that distinction is becoming a little less stark/relevant as things progress.
The article acknowledges this to some extent and expects the US to be able to pivot but fails to recognize how close China is to being able to do the same. Things like DeepSeek and BYD cars have shown that the gap is not as wide as traditionally thought.
5-10 years ago decoupling would have had a much bigger impact, but the threat has been looming this entire time, giving China plenty of time to prepare.
Well, too late. The article repeatedly makes the point that any blockade strategy requires allies on board in order to be effective. What allies? The US is now an enemy to its former allies.
But let's say the blockage/decoupling works and China's GDP is crushed by 40%. Then what? Do you think China will be like: "good one USA, guess you win this one?". Let's not forget that China is the #1 trading partner for an estimated 120-140 countries. And this doesn't even account for a possible pivot to China from Europe.
The idea that you can marginalize and decimate China economically in any lasting way with no existential side effects is ludicrous.
Just wondering.
I conclude that the authors must be very nice people.
110 RUS 926043522.5
136 USA 816841431.0
24 CHN 541388528.0
21 CAN 537446163.4
16 BRA 259637239.0
62 IND 229451980.0
4 AUS 173842078.0
63 IRN 152673182.8
84 MEX 116989787.0
3 ARG 110292451.1
Russia is the real secret superpower?
I'm kind of surprised they are allowing him to continue.
Never interrupt your enemy when they're making a mistake. - Sun Tzu, or Napoleon. Somebody definitely said it.I don’t know if I can stand duplicitous neoliberals pretending like they were hawks the whole time for yet another war.