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newuser94303 | 2 years ago
Violence is the last resort of the incompetent.
I think that China is pulling on the US what the US did to the Soviet Union. The US bankrupted the Soviet Union with an arms race. China is doing it much more economically by spending 1/3 of the US. This is money that the US could be using to build a high speed rail network or educating its citizens.
marianatom|2 years ago
"build a high speed rail network", implying that US is failing there. China is suffering from a $1 TRILLION debt for its rails https://asia.nikkei.com/Business/Markets/China-debt-crunch/C..., while ridership collapses https://japan-forward.com/weak-demand-for-chinas-high-speed-.... Cities in China are suffering from $23 TRILLION insolvent debt and inability to raise more https://www.bloomberg.com/news/features/2023-05-21/china-s-2.... I certainly hope US doesn't suffer the same fate.
cyberax|2 years ago
Erasing debts wipes out (most) savings and hurts rich people. So it's not something that can be done lightly, but it is an option.
Also, Chinese HSR ridership is back up after COVID restrictions were lifted.
throw_pm23|2 years ago
l33t233372|2 years ago
And a million realists(in the technical sense that IR people use the word) cried out in terror at once.