The hope is that if things escalate the US (and also Europe?) could increase manufacturing rapidly like in WWII. The other hope for the US is that it has actual recent war experience. Finally, China spends more on "internal security" than on military, which is less efficient.
Very cogent and well-argued piece. This should be required reading for all of our representatives and anyone going into the next Administration involved in economic and/or national security policy.
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