Do you know why white boomers say that the reason young Americans don't have houses is because of iPhones and spending on streaming services, and all they have to do is cut back? But they'll flip shit if a young person pointed out the culprit is (rightfully) suburban zoning laws, car dependence, asset inflation and energy prices and crying they will never take away their suburbs and SUVs?China used it back in 2012, it's been 13 years.
The common fallacy is China is a competitor and Chinese dominance come from being competitive, so if China doesn't play someone else can. Reality is China IS the game, the modern world that is defined by the abundance of extremely advanced materials can only exist because China and only China has the industrial capacity to make them abundant.
Its because back in their day, electronics and telecom services were so expensive that cutting back on them had a measurable effect on whether you could afford a house or not.
Without China, they go back to that world, and it won't be because houses drop in price. It will be because electronics and telecom will rise back to a substantial fraction of a house. $500 internet, $5k phones.
