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The Resistible Rise of US-China Conflict — Dani Rodrik

Summary:
Dani Rodrik talks some sense, both economic and practical. This post reveals the dichotomy between geoeconomic interests and geopolitical interests. The geopolitical view is that it's a zero-sum winner-takes-all game. The geoeconomic view is that conflict is destructive while world trade is beneficial. US business is backing the latter view. The MICIMATT (Military-Industrial-Congressional-Intelligence-Media-Academia-Think-Tank complex) is heavily committed to the geopolitical view. This has economic implications as well, since the American economy is heavily dependent on military spending.I would add that world trade is not necessarily beneficial for all, but itcan be made beneficial for all by eliminating imperialism. And without imperialism, militaries would be directed to national

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Dani Rodrik talks some sense, both economic and practical. This post reveals the dichotomy between geoeconomic interests and geopolitical interests. The geopolitical view is that it's a zero-sum winner-takes-all game. The geoeconomic view is that conflict is destructive while world trade is beneficial. US business is backing the latter view. The MICIMATT (Military-Industrial-Congressional-Intelligence-Media-Academia-Think-Tank complex) is heavily committed to the geopolitical view. This has economic implications as well, since the American economy is heavily dependent on military spending.

I would add that world trade is not necessarily beneficial for all, but itcan be made beneficial for all by eliminating imperialism. And without imperialism, militaries would be directed to national defense instead of expansion of territory and influence, and reduced military spending could be redirected to domestic priorities.

Project Syndicate

The Resistible Rise of US-China Conflict
Dani Rodrik, Professor of International Political Economy at Harvard University’s John F. Kennedy School of Government, is President of the International Economic Association and the author of Straight Talk on Trade: Ideas for a Sane World Economy
https://www.project-syndicate.org/commentary/us-china-conflict-is-not-inevitable-by-dani-rodrik-2021-11

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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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