“Here, straight from the Neocon spokesmodel Peter Zeihan, is why for China to start a war with the West would be suicidal: China imports 80% of its oil and the US Navy could easily block China’s oil imports. Unlike winning in Ukraine, this is something the US military could actually accomplish.China’s economy is in severe debt deflation, with youth unemployment at 20%, and a top-heavy demographic structure that makes China the fastest-aging country in the world. China’s exports have fallen by about 20% in recent months.” (video 9 min 11 sec – worth a listen)
War with China is a red herring
Published by markskidmore
Mark Skidmore is Professor of Economics at Michigan State University where he holds the Morris Chair in State and Local Government Finance and Policy. His research focuses on topics in public finance, regional economics, and the economics of natural disasters. Mark created the Lighthouse Economics website and blog to share economic research and information relevant for navigating tumultuous times. View more posts