this post was submitted on 20 Jan 2024
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The big question is whether they will realise it's the same/worse with China before or after decoupling/starting a war.
I think vast majority of the population understands this, but the political class is entirely captured by US at this point. My prediction is that we'll start seeing populist governments form across Europe over the next few years that are going to break ranks with US interests. Countries that managed to break away from US agenda will start doing better economically, and those that don't will continue to spiral down the drain.
IDK about europe, but in the US, they won't extrapolate "everything is made in china" to "If we go to war with China, we will have nothing". Even after it starts, if they blame capital, it will not be systemic, just "some bad individuals didn't do capitalism correctly".
For sure, and we kind of see this with Russia right now. It's obvious that the economic downturn in the west is a direct result of the economic war with Russia, but it's taboo to actually say this out loud. So, we get all these weird excuses for why the economy is all of a sudden in a nose dive, or outright denials that there are problems even. Like in Canada, we've been pretending that we're not in a recession for the past year, and now they're calling it a "soft recession".
So, it is likely that a period of right wing idiocy will be required to convince people that right wingers don't have any better solutions than the libs.