[gwbas1c]

> The economy is stabilizing. It's being weaned off of ultra-loose money for the first time in years.

You might enjoy reading "Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail", https://www.amazon.com/Changing-World-Order-Nations-Succeed-... (The author is Ray Dalio, one of the US's best institutional investors.)

The big question is, when are we going to hit bottom? We need to make it through the Ukraine and Taiwan situations before things really bounce back.

[UncleOxidant]

> and Taiwan situations

Let's hope we don't get a Taiwan situation on top of all of the other stuff that's going on. That way lies WWIII.

[ethbr0]

I expect that's the real reason for the US and Europe's "all-in" hardline over Ukraine: signalling to China about Taiwan.

Because pursuing a similar strategy with China would be substantially more expensive, in terms of treasure and blood, for both sides.

But the critical date there seems to be 2030-2035 based on military preparations.

[dougmwne]

Absolutely. The entire thing is absolutely about China. Russia is a broken country that would have no significance beyond its hydrocarbons and nukes. China is an economic superpower and growing world power. Very soon it could replace the US as the primary driver of globalism. If the west had shown itself as disunited, it would have been time for China to take center stage in world affairs for the next hundred years. Instead it will wait for another generation.

[eloff]

China doesn't have another generation. They'll be going into a very stark population collapse that's worse than what Japan is experiencing now, where adult diapers outsell baby diapers. I expect that China's economy and influence will take the shape of an upside-down U, with the peak in the next decade. If they're going to move on Taiwan, they cannot wait forever. They came close to catching up the US, but I don't think they will achieve it.

[ChuckNorris89]

>They'll be going into a very stark population collapse that's worse than what Japan is experiencing now, where adult diapers outsell baby diapers.

As opposed to most of Europe ...

Also, the quality of your human capital is more important than just having a large unsustainable population growth without much marketable skills or know-how on the international scale. Otherwise parts of Africa and Asia would be economic super powers by now.

[eloff]

Europe doesn't have a population collapse. They make up the difference with immigration, as does Canada and the US. Japan and China do not.

[pempem]

Immigration is incredibly key to this. There are a number of nations where young people outstrip elderly populations and allowing the flow of people and labor is crucial, as is their enablement/assimilation/integration so that they stay

[mvuksano]

Is there any other country that ever showed anything other then upside-down U in terms of economy strength and influence. To best of my knowledge every country, empire or society rises and eventually falls. Probably the best known example is Roman empire but every other society I can think of exhibits same pattern.

[aetherson]

There's a big difference between "eventually country X will fall," and "country X will start to decline in the next decade."

[kiba]

Recorded history is only a few thousand years, and things changed significantly, especially in the modern era.

Don't be so sure that everything follows the patterns of the past.

But, we best not remain complacent.

[gwbas1c]

That's one of the core points of https://www.amazon.com/Changing-World-Order-Nations-Succeed-...

[eloff]

Hah, good point! In the case of China they're likely to peak soon. The USA might peak much later still. The Roman empire lasted over 1000 years. I have my doubts the US can go the distance, but let's see.

[dirtyid]

China has multiple generations. Even "stark" demographic collapse at PRC scale is generating millions of new births per year (several times greater than US even with immigration), there will never be shortage of bodies to fill the military, especially increasingly small force structure of modern militaries that's shifting towards autonomous platforms. As for economy, expect PRC to continue growing, more importantly, move up tech/value chain and build comprehensive national power, just like Japan did while her demographic was absolutely in the shits because JP managed to massively improve human capita via education to create the skilled workers for high value economy (also SKR, TW). For reference PRC is now outputting as much STEM talent as all OECD combined.

Like other the Asian Tigers with death spiral demographics still grew significantly simply because cohort of skilled workers increased massively even though demographics broadly declined. There's a reason PRC is rapidly moving up science and innovation indexes (controlled for quality, not just citations). The reality is, PRC demographics has never been MORE competitive, and will increasingly be, because advanced economic development phase is just getting started. Quantity of quality is in human capital is increasing at stupendous pace. Now add in PRC is adopting as much industrial robots / automation than the next 15 countries combined and that overall demographic decline (as in net population decline) only improves PRC strategic position by reducing import dependence. And that the massive regional income disparity + huge home ownership + enviable house hold savings rate = PRC elderly simply don't have significant expection (or need) for old age social support. In many ways, PRC is almost optimized for weathering demographic bomb with less social cost relative to properly developed countries that are seeing comparable demographic decline.

[eloff]

Japan's economy has been stagnant for the last thirty years[1]. China can look forward to worse by all indications so far. Upskilling their labor force won't fix that. It didn't save Japan.

[1] https://www.macrotrends.net/countries/JPN/japan/gdp-growth-r...

[caskstrength]

> US and Europe's "all-in" hardline over Ukraine

If you look past their big talks of outrage in news media and critically asses the actual amount of military equipment given to Ukraine, you will see that it is nowhere close to any kind of "all-in", hardline or not. They are still refusing to provide even modern main battle tanks FFS.

[ethbr0]

They wouldn't receive offensive arms, until they did. They wouldn't receive HIMARS, until they did. They wouldn't receive fighter aircraft, until they did.

The only red lines on material escalation seem to be around ATACMS.

I'd expect MBTs and A-10s by next spring, with training over winter.

[caskstrength]

So you are saying that they are not even close to being all-in but may still do it some time in the future? Okay then.

[ethbr0]

Escalation is a process, not a single act.

[dirtyid]

That may very well be the intent, but it seems to be backfiring. Go look at this very recent German Marshal Fund survey polling atlanticist countries with section on PRC invasion of TW.

https://www.gmfus.org/news/transatlantic-trends-2022

TLDR: negligible (average 4%) consider sending arms and even less (average 2%) consider sending troops. As if delivering either is possible to an island within overwhelming PRC military advantage. US highest at 8%, which is hilariously low given White House deterrence efforts. 32% considers joint sanctions. 35% only diplomatic efforts to end conflict. 12% do nothing. PRC is looking at these numbers and rubbing hands with glee.

Also consider UKR/RU conflict is already putting EU competitiveness into the shits with trend likely to continue. Pre-war PRC was worried about EU acting as potential spoiler via US coordination, but now EU is so weak that they're even more geopolitically irrelevant. Meanwhile PRC gets dependable energy partner in RU and increased influence in central Asia / MENA / global south who sees the hypocrisy in western response when a western country is attacked. India is even more reticent about militarizing QUAD. JP economy is going to shits, even if they wanted to increase military spending, they likely can not afford to.

Also notice youth are substantially less PRC. In 2030+ time frame, we're like to going to see extremely war wearing societies with polity shifting less anti-PRC at all cost, digging out of economic cesspit who will have even less appetite to sanction a much larger trading partner like PRC. These signalling are having less and less impact coming as EU weakens. As for US, PRC factored in US intervention in TW scenario anyway. It's not deterred but building up massive nuclear arsenal to follow RU's nuclear coercion strategy.

[Bombthecat]

It already looks like we are heading into ww3 with the destruction of NS pipes...

[thecoppinger]

Seconding this, I’m reading the book at the moment and it’s an exceptional insight into the near and long term future. It’s also terrifying.