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Is China Now Number One? — J. Barkley Rosser

Summary:
PPP versus GDP, and other economic factors.Barkley Rosser asserts that the US is militarily superior. That is true on paper, but there is more to war fighting than numbers on paper, especially funds spent. The US no longer has a decisive military advantage over China strategically or tactically, especially if Russia were to get involved logistically. Oh wait, Russia is already involved logistically. Getting involved in a kinetic war with China would be insane. (Game theory, which is big in military analysis, assumes rationality.) EconospeakIs China Now Number One?J. Barkley Rosser | Professor of Economics and Business Administration James Madison University

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PPP versus GDP, and other economic factors.

Barkley Rosser asserts that the US is militarily superior. That is true on paper, but there is more to war fighting than numbers on paper, especially funds spent. The US no longer has a decisive military advantage over China strategically or tactically, especially if Russia were to get involved logistically. Oh wait, Russia is already involved logistically. Getting involved in a kinetic war with China would be insane. (Game theory, which is big in military analysis, assumes rationality.)

Econospeak
Is China Now Number One?
J. Barkley Rosser | Professor of Economics and Business Administration James Madison University
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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