THE Thucydides Trap is on


Source: thedepression.org.au thedepression.org.au

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Bryan Kavanagh ‘on’ Thucydides had it all worked it out. Watch out for really nasty stuff when the ruling power is being challenged. It can’t be avoided and won’t be pretty. The once supreme USA, caught busily financialising its stock and real estate market bubbles, is being overtaken by the industrialised Chinese powerhouse. Not that China hasn’t pumped up its land prices to nosebleed heights, too. It’s just that China now makes the US look sick as a producer of industrial and IT wealth. The US had actively partaken in outsourcing much of this to China, to save on wage...