@allgoodnamestaken2
"In the hands of a moron, no cards are favorable" - Sun Tzu, Art of the Hussle
@kai7778.
Roman proverb summarizes global economy quite accurately: " If a man does not know which port he is sailing to, no wind is favorable."
@sullof
Good analysis. IMO, China’s goal is not to replace the USA because they know that it is not going to happen. Instead, they are working with Russia, Brasil, etc. to set a multipolar order that will split the hegemony.
@erf3176
Only an idiot fights a trade war on two fronts. Only the heir to the throne of the kingdom of idiots fights a trade war in 190 fronts.
@EverRusting
> Who will win the trade war? Oligarchs 😂😂
@murky024
I love the quote "first he focuses more on playing golf and less on tariffs"
@valmiro4164
Did he just conveniently leave out how the Plaza Accords is the reason Japan didn't overtake the US? They were allies. Don't expect China to take unfavorable agreements with the US.
@revenger211
Also, why would China want to turn their currency into the world's reserve one? Wouldn't this make the Yuan more expensive and thus hurt its export-based economy and repeat the exact same cycle the US went down?
@focus6657
the title went from "Who will win the trade war?" to "Why USA won't win the trade war" to "Why China won't win the trade war"
@laviklee
For China, not losing is already a win; for the U.S., not winning is already a loss. That’s the inherent advantage of being the challenger.
@mikebaker2436
Another mistake Dalio seems to be making (which is understandable because he has kind of strayed out of his field of expertise), is that he seems to have conflated the concept of "A Great Power" with "The Lone Economic Superpower". The very existence of the term Superpower is to describe something more than a Great Power. As an example, no one living in Europe in the Napoleonic era would have seen anyone as the Lone Superpower the way people see the US Today. The idea that there was One Great Power (economic or otherwise) in each era as the Great Powe Index assumes is somewhat anachronistic. Rather there were 5-6 Great Powers at the same time all in their own cycles of ascendancy, decline, or resurgence... and each of these were dramatically different with asymmetrical strengths, weaknesses, and aims.
@Nebukadnezzer
It's important to realize that no plan survives contact with the enemy. All empires rose on the back of unique circumstances. They were unique, until they weren't.
@macleanhawley1742
Why can the Euro not replace the USD as the global reserve? I wish this was addressed in this video!
@michaelblakemutschler594
Feels like the message here is, "If anybody stopped being an idiot, they could win easily. This is a vanishingly tiny possibility."
@MilNORtop10
You’re becoming my favorite economic channel, good video. Thanks!
@zenastronomy
5:45 napoleon did not lose the trade war, he lost the military war and that's why he lost. he would have won if he hadn't invaded russia.
@shanghaidiscovery2664
A lot of interesting points. at a micro level, I felt the effects of the trade dispute for the first time today!.I went into an Aldi in Shanghai and was going to pick up some oranges for my weekend breakfast juice. These used to be RMB20 a bag of 1 kg which was not particularly cheap but ok value and a kg is just what I need for the weekend and that Aldi is between the subway stop and my home. anyway these are US imports and today the price with tariffs was RMB36.... 80% increase well I put them back (I had actually gone all the way to the check out). when I got home, I told my wiife about this and she told me "anyway local oranges are better". less than 20 min later, a box of 2.5 kg was delivered (free of charge) for RMB20. So, whilst there will be no clear winner out of all this chaos, at least in China, we have the chance to find local replacement products for the same or less.... (and in this case far less)
@ac1455
The ussr and japan challenged US hegemony in the Cold War but in different domains, military and economic. However, crucially, neither held both a rival position in both domains. The Ussr collapsed to economic pressures and the Japanese were forced into the Plaza Accord out of fear of their reliance on American security against communism and food insecurity. China today is basically the USSR and Japan combined from the 1980’s in both domains, a military and economic rival, which makes them the most dangerous threat to the U.S. in recent history imo
@molehansman247
Don't know who will "win" but the consumer will definitely lose
@MoneyMacro