America seems to be on the verge of declaring cold war on China,
while simultaneously weakening its own ability to wage such a conflict.
Across the ideological spectrum, U.S. hostility to China has surged just as financial fallout of the pandemic threatens to harm the U.S. defense budget for years to come.
The U.S. may thus be entering a period like the beginning of the original Cold War, when it decided to confront the Soviet Union on a shoestring. The U.S. ultimately won that Cold War, of course, but that analogy should be less comforting than it first seems because it reminds us that a cash-strapped approach to competition can be an extremely risky one.
Read more at:
https://www.bloomberg.com/opinion/articles/2020-05-05/coronavirus-can-a-broke-u-s-fight-a-cold-war-with-china
The U.S. may thus be entering a period like the beginning of the original Cold War, when it decided to confront the Soviet Union on a shoestring. The U.S. ultimately won that Cold War, of course, but that analogy should be less comforting than it first seems because it reminds us that a cash-strapped approach to competition can be an extremely risky one.
Read more at:
https://www.bloomberg.com/opinion/articles/2020-05-05/coronavirus-can-a-broke-u-s-fight-a-cold-war-with-china
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