Comment by llamaimperative
15 days ago
The world will be looking to China as a stable partner while the US voluntarily dismantles its economy and very possibly its political system.
So yeah, the US absolutely got outplayed here.
15 days ago
The world will be looking to China as a stable partner while the US voluntarily dismantles its economy and very possibly its political system.
So yeah, the US absolutely got outplayed here.
The us is currently one of the most stable economies, so there's a long way to go.
I think it's unlikely that the world will pick an economic partner that:
- builds 90% of the new coal fired plants while the rest of the world (including the US) is decarbonizing
- has 280+% debt to GDP ratio
- has capital controls on its currency (the real exchange rate could change suddenly at the drop of a hat)
Well... that stuff will be easier to overlook when the US deploys its military to deport millions of people operating the most foundational portions of its economy like agriculture and construction.
OK this is some sort of "America bad" fever dream. Listen America isn't perfect or anything, but you're basically looking down the barrel of crazy if you ignore the steel advantages that the US has, and the history and pattern of US recovery from crises
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China is building new coal plants but the their utilization rate is going down and is expected to continue to go down because of all the solar, hydro, and nuclear plants they are building.
As far as stability goes, the comment above you talked about a stable trading partner, not a stable economy. China is probably more stable as a trading partner than the US is. The US changes trade policy too often.