True. However I was just addressing the poster’s comment of deescalation and note how a deescalation of a hot war doesn’t necessarily mean neither side won. There are other aspects of conflicts that one must focus on as well.
AssassinsMace
Lieutenant General
Again it's just going to cost the US more. Unfair trade practices actually means the US is too expensive it can't compete. People go where it's the least expensive.
Man, what is up with all the military language.
WTF are they going to "strike" at?
The days when US was the world's largest consumer market is over, so the ability to sway supply chain is also diminishing.
The root cause of the hollowing of the supply chain is the reserve currency status of the dollar and the lack of a comprehensive national industrial policy.
The first gave Americans an elevated level of standard of living beyond what their comparable level of skill/education/credential would net them on the global market place. The reserve currency status gave Americans almost limitless deficit spending capability, elevating consumption and consumer credit. With an elevated standard of living comes an elevated labor prices.
In conjunction with the global liquidity of the USD, this easily translates to off shoring.
Now, US could have stemmed and curtailed this hollowing out of the supply chain, or at least living hig on the hog a couple of decades longer, if they were willing to institute a comprehensive national industrial policy, particularly after the Cold War. However, after the Cold War, everyone thought the market would balance everything and solve all their problems, so they deregulated.
And below is how the market came to "balance" the global supply chain and inefficiencies.
Can Biden solve either problems? NO.
De-leverage the dollar and capitol would be mobbed again. Even a hint of a real national industrial policy and the republican party would find itself suddenly swimming in donor money.
"Strike Force" sounds like a cheap 80's movie.
Wait, just realize she's not wearing a bra. Ok, maybe NOT that kind of movie, yet .
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About Chris Kanthan
Chris Kanthan is the author of six books and numerous articles on geopolitics, world affairs and economics. He has also written professional articles and white papers on technology -- on topics such as Artificial Intelligence, blockchain, and cloud computing. He lives in the San Francisco Bay Area, has traveled to 40 countries, and deeply cares about politics, world affairs, finance and food.
Matthew Pottinger, Trump's deputy national security adviser and a key architect of the administration's China policy, said getting a "blue dot" -- a symbol of planet earth -- would be "like getting a Michelin-star rating for your restaurant."
Really? From all possible terms he chose Michelin star? What's next, let them eat the cake?
I was believing that Pottinger is a some kind of evil genius that was controlling Trump, as the time flow I just believed that he's just a conman grifter instead.
AssassinsMace
Lieutenant General
Works perfectly for China because someone else will be flipping the bill. The West thinks China's Belt and Road is all about buying allies because that's how they created their alliances. But the US and West are short on cash. Why didn't the West develop these countries before? Because they were seen as worthless and of no strategic value. They will be pouring money into countries just to buy a vote against China. They can only do that if they can keep handing over the cash. Look at Africa. The West didn't spend money on developing Africa. Now they're talking economic relations only because China built the infrastructure to start economic activity. The West will have to annually spend a lot of money to keep these countries on their side against China. China talks globalism. The West is talking against it. So who are these countries going to go to when the West doesn't have nor want spend their money? Will it be under contract that these countries sold their soul to the West because they dug a ditch for them? And as usual everything the West does costs more money for them to do and they will require one of their countries to build the infrastructure meaning more money it costs. It use to be that things like refrigerators and air conditioners were considered luxury items only found in the West. Not until China came along. Even when the West outsources to China, they still won't be able sell refrigerators because they're still thinking about the size of their cut and it'll still be unaffordable to most people they try develop. So Western countries fear all you want and spend money to counter China in developing countries. It works for China because if the US/West had the money to keep all these economies allied with theirs, they would've already done it and not wait until for China to get them into action. When people make money for themselves, they're going to want to make more money and they can't do that if the West dictates they can only do business with them where everything is more expensive meaning less money they make.
Paywall, anyone has access to it ? Mind sharing ?