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Comment by hollerith

21 hours ago

Maybe, but I wish people in these conversations would sometimes point out that China is also dependent on imports to continue to make the stuff it makes.

China is a heavy importer of petroleum, food and fertilizer. A modern economy needs petroleum to grow food and to deliver food to consumers. Although China is wisely trying to replace that dependence on petroleum with electric vehicles, it has not yet succeeded. If there's ever a sustained shortage of food, Chinese young men are likely to start revolting and rioting like they've done dozens of times in Chinese history in response to food shortages. China relies on foreign nations for approximately 75% to 80% of its total iron ore consumption, making it the world's largest importer. Despite having had semiconductor manufacturing self-sufficiency as a top national priority for many years, it is still the case that Chinese smartphone manufacturers rely heavily on Samsung and TSMC for the SOCs that go into those smartphones -- and MediaTek (Taiwan) and Qualcomm (US), not Chinese firms, design most of those SOCs.

Geopolitical strategist Peter Zeihan argues that the United States is the only major global power fully capable of national self-sufficiency. I.e., if global trade is ever disrupted by world war, the US would be able replace its missing imports much faster than China would be able to.