finance prestige in terminal decline because CHINA?
I wasn't really knowledgeable of the happenings globally until Trump took the mantle in January this year, and since then I've really been made aware of the 'state of affairs' that are otherwise rather obfuscated behind apolitical language.
So, would you monkeys say finance, which includes erstwhile grand institutions such as The Blackstone Group and Apollo Global Management, is now falling by the wayside as technology hardware takes the undisputed mantle as the preeminent driving force behind global hegemony?
*think ai robots, drones, palantir death lasers ... meanwhile ur in spreadsheets 😅
inb4: b-but muh s&p just made ATH
Let's focus on ships. Republic of Korea + Japan's raw civilian shipbuilding capacity is a near peer to China's, and they are far more aligned with the US than China. What are these container ships for? Shipping Chinese goods to other countries. China relies on export commerce far more than the US does. China is neither food nor energy independent. The US is both. Your focus on civilian shipbuilding entirely ignores the ships that matter, the aircraft carriers. China has two aircraft carriers in service. The US has 11. Each one of these 11 possesses the power to entirely wipe the conventional military capabilities of all but the very strongest countries, much less all 11. The rest of the true aircraft carriers are with the UK, France, India, and Italy, who have 2 each at most. Russia has no operable aircraft carrier and hasn't for years. Let's focus on ships.
And china will just repurpose all its shipyards away from containers, tankers, dry bulk vessels for frigates, destroyers, and aircraft carriers the moment the US decides to fire a missile, with a capacity 200x of the size US shipbuilding, so I don't see how this is a point worth contending. The US and its "allies" maintain large fleet of aircraft carriers to safeguard all the maritime routes, and while this was necessary in the 20th century when the US had "allies" and colonies it needed to transport commodities from, I don't see how this strategy will work morally in the 21st century when it can no longer interfere with foreign counties affairs in the manner that it did in the past (see: Gaza).
This ties into my original question which was a more broader invitation for a discussion on how a reshuffling of the 'rules based world order' will infringe on "muh private equity", when countries globally will likely rebalance ties towards China over the US, not least because of the win-win infrastructure projects over being bombed, but also because of China's greater dominance in shipbuilding capacity as well as 'ai robots, drones, huawei death lasers' that together will surpass the US' power projection militarily, which will have indeterminable effects on domestic US equities and prestige and status associated with "muh private equity" as a consequence.
Completely re-tooling shipyards and dry docks from making a rectangular prism civilian container ship to making a completely different aircraft carrier is a huge ordeal that would take multiple years. At the beginning of World War II, the US had an extremely isolationist military policy, but it rapidly developed the industrial power it needed to win the war. The US is not isolationist today, but the fact remains that America has shown it is capable of reindustrializing to produce things when it counts. Repurposing civilian shipyards to make aircraft carriers is not that different from building them fresh. These shipyards would also be among the first targets in any conventional war, so your presumption that they would go untouched for years is questionable.
"Morally questionable" in terms of not being able to firebomb or use siege tactics is a construct from the UN. The moment China jeopardizes the way the entire world works, that construct will go out the window. UK, US, France, China, and Russia are the UN Security Council, and none of those countries will care about 21st Century so-called "morality" when they are in existential war. To your point on commodities transfer, what happens when the container ships are bombed and China doesn't have enough rice, grain, and natural gas to keep their people fed and warm? Again, the US is food and energy independent. These ships of which you speak are to sustain China even more than the US.
China's Belt and Road is a failed attempt at debt trap diplomacy. Look at Sri Lanka. They built a huge port for Sri Lanka, and when the Chinese asked Sri Lanka to repay, Sri Lanka balked. The only way to collect is outright invasion. These infrastructure projects don't give a long-term "hook" into these countries short of invasion. Colonialism without ground game is charity, and China has learned that the hard way.
You guys think Chinese military doctrine would involve mass-producing aircraft carriers?
I wonder why they have a rocket force
bump for the victory day parade watchers post-SCO
You're right, most people go "hurr durr 11 aircraft carriers versus 3" and ignore DF-5Cs, J-36s, J-XXs, the Type 004 currently being built in Dalian, KJ-3000s
Hurr durr is ready to go for another round.
GPI missiles, the B21 Raider, the Columbia class submarines, Sentinel, CCA...
I guarantee you the the Chinese communist party will fall before any war happens. In fact the most likely outcome is that the legitimate Chinese government in exile in Taiwan takes back control of the main land. Not that the U.S. military is any good now - but China is worse.
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