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by lsc
2396 days ago
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>You mean autarky, full economic self-sufficiency. China is certainly big enough to operate as an autarky. The US used to, up to about 1980 or so. You think the US is less industrially capable than in 1980? that... seems unlikely. Sure, we import and export a lot more of our stuff now than we did then, but that's because we live a lot better when we trade (and because the technology of trade has improved vastly.) I mean, certainly, both the US and China could survive without trade. hell, there are a bunch of people who could pull it off just by themselves. But... in all cases, all involved would be a lot poorer; they'd work a lot harder for a lot less. |
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Once you lose a capability it’s gone forever. That is why countries cling desperately to domestic steel, shipbuilding, arms and other industries. Once the institutional knowledge is gone and the infrastructure is gone it’s never coming back. And other countries whose interests may not align with your own have you over a barrel.