I love people’s sheer confidence in China’s rise. Many of their largest companies engage in flagrant accounting fraud. They have an enormous property bubble with attendant consequences for local governments and households. They also don’t have as good a military as the US..
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If the US-China relationship continues to become more adversarial, I venture that outcome is A) net worse for the Chinese and also B) great for defense CO’s
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Sure, in the short term when there’s guaranteed tension and potential escalation. But what happens after that? Look at Great Britain and their ships. I don’t want to be face that headwind.
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*short term here meaning, the small relative time of being near/at the peak compared to the downfall that’s coming.
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Also completely misunderstands the “maintenance capex” quip especially viz. monetary sovereignty
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Imagine saying a civilization is nearing its peak with confidence.
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After 9/11 defense spending soared because a few thousand Americans died. Covid will kill over 100K. Health care is the new defense.
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