@siegecrossbow
@Crang
@voyager1
@ansy1968
I think it's worth delving more into the idea of the USA being in a position of strength, because the economic numbers don't back this up. These use the latest nominal GDP figures for 2020
Primary Sector (Mining, Agriculture, etc) - 6.4x larger
China: $1221 Billion (7.9% x $15.4 Trillion)
USA: $188 Billion (0.9% x $20.9 Trillion)
Secondary Sector (Manufacturing, Construction, etc) - 1.5x larger
China: $6237 Billion (40.5% x $15.4 Trillion)
USA: $3955 Billion (18.9% x $20.9 Trillion)
On the consumption side, total 2020 retail sales were - 1.2x larger
China: $6050 Billion
USA: $4300? or $4890? Billion, depending on the source
There are more metrics available, but you get the idea that the USA is smaller than China in many ways
But what I see is both China and the USA being able to impose Mutual Assured Economic Destruction.
The US controls key chokepoints in semiconductors and the financial system.
But China can develop alternatives given a few years.
At the same time, China controls the global supply chain and rare earths.
Again, alternatives could be developed but it would take a few years.