Deglobalization is an attempt to make war feasible because some strong countries feel like they are losing economic war and want to fall back on real war.
To the extent that there is any relationship, it is that countries sometimes try to avoid depending on trade with someone they may end up at war with soon; the causality works the opposite way.
No need to trade any goods if said goods can be just be taken (assuming one's side wins).
I'm sure most of us are aware of the gulags that China ran in 2022, in the most prosperous city like Shanghai, with welded doors, lack of food, arbitrary killing of pets, moving their own citizens against their wills to camps or cells with no running water and unsanitary conditions. with cries in tall buildings from families in the middle of night for food. If. you haven't seen these things, go watch it online. Imagine if somehow China succeeded, and that's most of humanity's fate.
Violence is the last resort of the incompetent.
I think that China is pulling on the US what the US did to the Soviet Union. The US bankrupted the Soviet Union with an arms race. China is doing it much more economically by spending 1/3 of the US. This is money that the US could be using to build a high speed rail network or educating its citizens.
"build a high speed rail network", implying that US is failing there. China is suffering from a $1 TRILLION debt for its rails https://asia.nikkei.com/Business/Markets/China-debt-crunch/C..., while ridership collapses https://japan-forward.com/weak-demand-for-chinas-high-speed-.... Cities in China are suffering from $23 TRILLION insolvent debt and inability to raise more https://www.bloomberg.com/news/features/2023-05-21/china-s-2.... I certainly hope US doesn't suffer the same fate.
Erasing debts wipes out (most) savings and hurts rich people. So it's not something that can be done lightly, but it is an option.
Also, Chinese HSR ridership is back up after COVID restrictions were lifted.
that's not how economics works. if that's the case, you would not see the Chinese governments (federal and local) doing desperate things to collect more revenues like:
- China considers measures to encourage re-employment of retirees https://hrmasia.com/china-considers-measures-to-encourage-re...
- issuing massive traffic/parking tickets a year after, to the tune of tens of thousands of dollars, to commercial and normal drivers
- banks preventing normal withdrawals of money. often, deceased's children can't withdraw their parents savings, even with all the official documentations
- government entities delaying several months of owed salaries to its employees https://www.aljazeera.com/economy/2023/5/11/chinas-cash-stra...
It is. You can erase all debts by hyperinflation, for example.
China for sure has problems, but it's not the "crashing down tomorrow" kind of problems. They still have a robust growth, now that COVID restrictions are over.
China is on its way out.
It's amazing how many racists come out in these threads.
China's population is projected to peak at 1.7B by 2060 and then fall to 1.5B by the century's end: https://www.brookings.edu/blog/order-from-chaos/2023/04/24/c...
If anything, China is leading the world at trying to live with a static population numbers (and EVERYONE will have to do it eventually).
And a million realists(in the technical sense that IR people use the word) cried out in terror at once.
I feel for those who don't get that they are supporting evil.
Btw, speaking of evil, China isn't giving up yet (Xi still have 10-20 years to live. free organ transplants from young Chinese, you know. high ranking politicians get them for free). It is producing destroyers at a massive rate, and will exceed # of destroyers that US has by 2040. Combined with the millions of disposable unemployed single young men, and there's still a chance that Taiwan would overwhelmed. and if Taiwan falls, the same strategy can be used to conquer Japan, South Korea, Philippines, Australia.
Bear in mind that China has pretty much no oil and these 055 destroyer boats are diesel&gas turbine powered. And the US has been slowly winding down military presence since the Cold War ended basically[1].
And lemme tell you, if Taiwan goes hot, there wont be any USN boats spare to patrol the Middle East -> South China sea route, and nobody would be angry if any oil tankers on that route go missing.
[1]: https://www.aspistrategist.org.au/graph-of-the-week-why-flee...
Well, then they are lucky that Russia, now sanctioned by the West, has no choice but to sell all their oil to China, at discount prices.
Frankly highlighting China dependence on maritime trade is a cope. It just won’t matter much in hot war.
Nah. Ship.
Otherwise it's the common battle between "orderliness at any cost" and freedoms. US or Europe seems to strike a better balance, for all of their shortcomings. In China its ruled by the CCP with an iron fist.