this post was submitted on 11 May 2024
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The big glaring difference is that the US don't have a US to hand things off too. From a certain perspective, China has done what we did to the Brits; studied what worked and what didn't, implementing accordingly. They effectively have a Keynesian-style New Deal economy, only without the liberal backslide into Gilded Age conditions.
But we're not going to hand things off to China. Er, well, we did, happily. With dollar-signs in our eyes and a KA-ching! noise and everything. But we're not going to accept the consequences of that. Maybe instead of accepting the laughable title of "#2 most powerful country in the world" like the Brits did, we'll just be doomed to a forever-Cold War. Completely dependent on the economy across the ~~Pond~~ Pacific, but stubbornly refusing to acknowledge it.
This is extremely stupid and therefore the most likely scenario.
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