The US no longer being able to print money (without massive inflation) out of thin air would force it to be more fiscally responsible like many other countries have to be.
The US no longer being able to print money (without massive inflation) out of thin air would force it to be more fiscally responsible like many other countries have to be.
Honestly, I don't think so. And even if they did, they can't do anything about it. Complaining will only give them a bad social score which will make their lives difficult. I think this is geopolitically irrelevant.
> China dominating the Tech industry vs the US makes no difference to a majority of the people in the world.
Economy, technology, industrial capacity and military power absolutely go hand in hand.
If you can't get chips because the production is controlled by China. You can't build missiles, fighter jets, drones or really anything. Not even modern helmets.
If China gets Taiwan, the US are geopolitically toast. That's why the US will not tolerate it and will even go to war if necessary.
But then again, why does the US risk going to war with China over Taiwan?
You think it's because democracy, liberty and or human rights?
It is very obviously strong geopolitical interest.
The West wants liberty and democracy to prevail in the world and doesn't want to lose them, thus they care of their geopolitical interests. Who would have thought!
China can't win a peaceful competition against the US in the long run, because China is undergoing total demographic collapse (Marriage/birth rates declining 10% yoy every year).
China's plan is to sprint for the last stretch, while its population can still work.
As for the US, it is really held together by the massive wealth from its tech and financial dominance. Given the enormous social fractures today (please don't forget that Trump was nearly assassinated 1 month ago), an structural economic collapse will mean civil war.