It’ll be interesting to see whether China will bail out the US again, and whether it will keep Russia afloat. My guess is yes and yes, but if there’s a strong voice in China saying now is the time to decouple from the US, it could be no and yes. It depends how prepared China feels. It’s that happens, it’s done. Revolutions throughout the global south in our lifetimes. Without super profits to pay off it’s workers, the global north will soon follow. Greece, Ireland, Portugal, Italy, and France, first. Then it’s anyone’s game. One can dream, right?
I really don’t see any reason China would bail US out at this point. US has basically openly declared that it wants to keep China down by any means necessary. I think that China’s been looking at what’s been going on with Russia since the start of the war and quietly preparing. The fact that China’s getting very assertive all of a sudden suggests to me that China now feels it’s sufficiently decoupled from the western system that it will be able to handle whatever sanctions US throws at it and by extension any crash that western system may experience in the near future.
If western financial system crashes, and we may already be in early stages of a crash right now, and China rides the crash out then US becomes discredited over night. The world will no longer look to the west as any sort of a model.
It’ll be interesting to see whether China will bail out the US again, and whether it will keep Russia afloat. My guess is yes and yes, but if there’s a strong voice in China saying now is the time to decouple from the US, it could be no and yes. It depends how prepared China feels. It’s that happens, it’s done. Revolutions throughout the global south in our lifetimes. Without super profits to pay off it’s workers, the global north will soon follow. Greece, Ireland, Portugal, Italy, and France, first. Then it’s anyone’s game. One can dream, right?
I really don’t see any reason China would bail US out at this point. US has basically openly declared that it wants to keep China down by any means necessary. I think that China’s been looking at what’s been going on with Russia since the start of the war and quietly preparing. The fact that China’s getting very assertive all of a sudden suggests to me that China now feels it’s sufficiently decoupled from the western system that it will be able to handle whatever sanctions US throws at it and by extension any crash that western system may experience in the near future.
If western financial system crashes, and we may already be in early stages of a crash right now, and China rides the crash out then US becomes discredited over night. The world will no longer look to the west as any sort of a model.