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It pretty clearly is? Slow Grinder + America Capitulates, or Sneak Attack + America shrugs were listed pretty obviously in the set of possible outcomes. And combat in the South China Sea doesn't necessarily favor the US and its allies - although clearly we have tons of assets right there, China is also pretty nearby and with Taiwan they have more room to maneuver and the Philippines in particular has to pay greater attention to their northeast. But mostly, China has a decent number of semi-hardened airstrips built on the dredged islands there (in direct contravention of their promises to leave the area demilitarized, I might add). Still, the point about containment is a decent one - for us, perhaps, but not for Japan and Korea, and we still have plenty of assets there too.
Part of the whole reason to explore these scenarios is to get a broader, big-picture view of why the US should or should not defend Taiwan. It's not just about the near-term, it's about the medium and long-term. There is in fact a domino theory of sorts in some foreign policy circles, which is that if we decline to defend Taiwan, on top of the Ukraine thing, on top of the NATO wishy-washiness, suddenly there's really good reason to believe that the US cannot be trusted to honor mutual defense pacts (this is true even if we've taken pains to avoid anything even approaching a formal pact with Taiwan - perception matters). On top of that, an argument is made that taking Taiwan is a line where it's clear that China now has full, superpower impunity to do what it wants. On that note, I'd be interested in your thoughts as to whether or not the international community, such that it is, would be able to levy significant sanctions on China for a Taiwan move, or if such would even be wise.
In terms of ideology, that's not the threat. It's more about political-economic power. Right now China can't pull the kind of things we can do, like just randomly threaten Venezuela. They don't have the room or the respect. If they take Taiwan, it's a different ball game, no matter which way they take it. China can now use gunboat diplomacy in the following decade, in addition to economic coercion. And de-dollarization might also accelerate. The stakes are real.
And then on top of all that, there's just general sadness that a decently-functioning democracy, where people govern themselves, is taken over for nothing but pride and ego reasons by a non-democratic one.
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