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A:
The best way to predict the future is to review history. What’s happened in history when a critical economy collapsed? When a major economy collapses, the world economy collapses.
In 1929, the market collapsed. It was the Great Depression. Every power went isolationism which made far-right populist politics rise and the election of Hitler. Isolationism in an economic collapse leads to Word War. We are in a very similar situation to the Great Depression. The US as the largest economy and its allies opted for isolationism and they are struggling to prevent collapse by raising debt and increasing military operations and expenditure, similar to the Great Depression that led to WWII.
Raising debt, of course, cannot prevent the collapse. It just postpones the collapse and makes the collapse more disastrous. The geopolitical objective of the US is to collapse China first. That’s why the US deploys the majority of its military power in the Indo-Pacific, despite the Ukraine War in Europe and the Gaza crisis in the Middle East.
What prevents the economic collapse is that China refuses isolationism. China upholds globalization and insists on the opening of its market. China prevents the collapse by opening up wider. Beijing deregulates many restrictions to encourage more foreign investment and imports.
Washington is pushing for isolationism and Beijing is pushing for globalization. Washington is pushing for war while China is pushing for peace. Washington is marching towards collapse while China is preventing collapse.
There are already wars in Europe and the Middle East, thanks to the US isolationism. When Isolationism prevails, wars prevail. When globalization prevails, peace prevails.
China will not collapse because China is the peace, the prosperity, and the future of the world.