Hmm Missed this trend This seems like a bad sign Specifically like a strong strategic commitment by chinahttps://twitter.com/tshugart3/status/1306311601968955394 …
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after naval enthusiasts commented in replies at Length and noted that China is not building any carrier groups I am revising downward my belief that power projection has anything to do with this so combination of area denial + giant empty city-style investment more likely? idk
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Navy nerds strike back https://twitter.com/halvorz/status/1306650713817255936?s=19 …
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wait did any of those actually get built India still has one iirc and Japan . . . just got one?
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The charitable version is that China's managed to avoid the last 3 collapses by printing another $20 Trillion in what will someday be realized as increasingly funny money. And that reckoning hasn't happened yet, but when it does... People start wars over less.
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China printed a ton of money and spent it on infrastructure and a high tech industrial base, America printed a ton of money to make big line go up. Only one of these two things will remain regardless of what happens to the currency that financed it.
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"countries can stay irrational longer than commentators can remain credible."
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