“By Allison’s account, in 12 of 16 historical examples, competing empires ended up in military conflict, and Allison sees the US-China relationship as a rerun of these precedent“
The counter point is this great chart from JPM showing how intertwined economically the two powers are vs. historic struggles.
However, the direction of travel isn’t supportive.
A prime example is 2022 CHIPS Act, the most bipartisan piece of legislation in a long time.
NB this was a good transcript covering the impact on semi equipment companies (use this link to sign up for free).
