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PaperclipPerfector  4mo ago (text post)   29109 thread views

Culture War Roundup for the week of December 18, 2023

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While I am not sure about the main body of your argument, I think that you are incredibly wrong on the China AI prediction and drastically wrong on the oil prediction. I've got skin in the game and am quite long on oil futures, specifically exploration and drilling. Whether you like it or not, fossil fuels are currently the lifeblood of civilization and we do not have any appreciable replacements - even if it could conceivably replace energy needs, which it won't, especially given the modernization, buildout and investment in Mexico, India, and a growing second world, hydrocarbons are used to make goddamn everything from aspirin to solar panels. The current dip in oil prices and subsequent resurgence of unsteadiness in the ME is caused more by US fracking than anything else, making them energy-independent and less interested in ME politics as a result. The smarter players in the ME know this and have tried their best to diversify their economies with mixed results, or alternatively are looking to allow countries to purchase oil in currencies other than USD (it was barely covered in the news but the UAE agreed to let China purchase oil with RMB recently).

China is already suffering because of a massive deficit in professional or service jobs. AI will make that worse. It's not an instability problem - the Party can levy pretty much everything under the sun to make sure they stay in power - but their internal governance, domestic market and stock market is quite weak and will take at least six to eight years to recover, let alone supercede their growth for the last decade. Their foreign policy is the wild card: it depends entirely on BRICS and how that shakes out. BRICS is considered a joke or a threat depending on who you talk to, the truth is probably somewhere in between. None of the BRICS nation really trust or like each other, they just want to form an alternative non-American power bloc in case America decides they don't like them all that much one day after a change in presidency.

I also think that progressive/liberal blue America is an opposition based party. They are anti-Israel because team Red is nominally pro-Israel and support for Israel has been the unstated government line for decades. Given that Team Blue is more about stomping Team Red into the dirt and laughing as they die of opioids and despair than it is about anything else, I think that their care-o-meter about Israel is entirely limited to the extent that Team Red is for it.

Thank you for this. Economics is not my forte, I should have done more research before I spoke.

So oil will remain important in the middle east? What do you see as the benefit or demerit to China and Russia allying with the Israelis? The Israelis are the strongest power in the Levant.

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