I wonder who’s listening to our systems thinkers, if anybody. Seems like nobody was when collateralized debt obligations were created.
«The truth is that the United States is nowhere close to being on a war footing if a conflict with China broke out. That is because the industrial muscle America had in 1941 has mostly gone overseas.»
I hope the US hasn’t become a paper tiger. I’d blame Ronald Reagan and the Republican party for this, although there are economic forces at play, too.
Full-out war with China would be insane and disastrous for both sides, but then, so was World War 1, and everybody knew it ahead of time and yet THAT still happened.
Maybe the thing I’m missing is that war with China would be over quickly. (Or is that what everybody thinks about every war before it starts? Certainly the recent Armenia-Aizerbaijan war was over fast.) So afterwards, we could repent at leisure.
Unless we both just expended our equipment and munitions immediately and then settled down into a long, grinding war of attrition. Ick.
Look! A baby wolf!