The Thucydides Trap: When one great power threatens to displace another, war is almost always the result. Basically this is what we have going on between China and the United States.
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Our economies are wound right together and very co-dependant. I think it is very much an open question who would come off worse in a bad, protracted trade war. Things go sideways fast in China when the economy falls apart, historically.
Agreed. I think the U.S. is much more robust politically. In the USA the chaos is visible - it can be vented. In China it happens behind the scenes until it builds up to an explosion.
