I like this answer. You can play word games all you want with different ideaologies but what power comes down to is hard material fact and right now China has all the cards. They got the stuff and they got the power.
Also during this oil crisis, because they knew it was coming, there’s always an oil crisis coming, they just stopped importing oil.
I think Chinas long-term thinking is eventually going to beat out Americas quarterly shareholders value maximizing, and I think eventually was about 8 years ago
I like this answer. You can play word games all you want with different ideaologies but what power comes down to is hard material fact and right now China has all the cards. They got the stuff and they got the power.
Also during this oil crisis, because they knew it was coming, there’s always an oil crisis coming, they just stopped importing oil.
I think Chinas long-term thinking is eventually going to beat out Americas quarterly shareholders value maximizing, and I think eventually was about 8 years ago