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Moon of Alabama — U.S. Fails To Find Allies For Waging War On China

Summary:
What the U.S. still could do is to honestly compete with China. But that would require humility, a strong industrial policy and a well paid and competitive work force.Neither of that is in sight.…Easier said than done. Owing to national security issues. as well as cultural and institutional differences, neither country is interested in a level playing field, and both are preparing for a lose-lose scenario to unfold for the foreseeable future. This will, of course, impact the rest of the world, and different countries are considering their options.Moon of AlabamaU.S. Fails To Find Allies For Waging War On China

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What the U.S. still could do is to honestly compete with China. But that would require humility, a strong industrial policy and a well paid and competitive work force.

Neither of that is in sight.…

Easier said than done. Owing to national security issues. as well as cultural and institutional differences, neither country is interested in a level playing field, and both are preparing for a lose-lose scenario to unfold for the foreseeable future. This will, of course, impact the rest of the world, and different countries are considering their options.

Moon of Alabama
U.S. Fails To Find Allies For Waging War On China

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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