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The Thucydides Trap or the Coming War with China

The Thucydides Trap or the Coming War with China

Editor’s Note: Bill is still up on the family ranch in northern Argentina. And his satellite Internet link is down. So there is no new update from him today. Instead, we republish a classic piece from Bill on the potential for a war between the US and China.

Athenian historian, political philosopher and general Thucydides (c. 460 – 395 BC). He authored The History of the Peloponnesian War, which recounts the war in the 5th century BC between Sparta and Athens. Today Thucydides is considered the father of scientific history (he was the first historian to focus on meticulously gathering evidence and leaving intervention by the gods out of historical accounts) as well as the father of the school of political realism, who was the first to study relations between nations on the basis of their relative economic and military power.

From Hegemon to Also-Ran

Somehow, like it or not, the world turns. Today’s hegemon becomes tomorrow’s also-ran. Today’s reserve currency becomes tomorrow’s toilet paper. Today’s cock o’ the walk becomes tomorrow’s dinner.

Hey, we didn’t create this system. We don’t even especially like it. But that’s just the way it is.

Whether you already have made a fortune, or are trying to build one, you need to be very careful about what currency … or currencies … your wealth is denominated in.

…click on the above link to read the rest of the article…

 

 

Olduvai IV: Courage
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Olduvai II: Exodus
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