Tuesday, September 15, 2020

What Happens If China Gets Old Before It Gets Rich? Probably War

Economic growth, as measured by GDP, is driven by two components: population growth and labor productivity.
That's it.

First up, the latest estimates of world population growth via Visual Capitalist, September 2.
You'll note that China's population is projected to be cut in half, 1.4 billion to 732 million by 2100:

https://2oqz471sa19h3vbwa53m33yj-wpengine.netdna-ssl.com/wp-content/uploads/2020/09/Global-Population-Estimates-2100.jpg
(click through to Visual Capitalist to enlarge)

And from Real Clear Defense, September 14:

China as a Faltering Contender
The conventional wisdom has long been that, if there is to be a major war involving China and the U.S., it will be the result of either of a rising China initiating war to displace the failing U.S. hegemon, or a declining U.S. initiating a war to stymie a rising China.  But this ignores the possibility that systemic or hegemonic war between China and the U.S. may not have anything to do with a rising power. It ignores the possibility that such a war might be initiated by what I will call a faltering contender, a once-rising power whose ascent is running out of steam and whose leaders believe that it must decisively reshape the global order now while it still can.

The logic linking a faltering bid for hegemony to systemic war is simple enough. Faced with the prospect that it is losing the demographic or developmental race with other potential challengers, or merely with non-hegemonic rivals, a faltering contender will sometimes launch what might be thought of as a war of desperation. In this kind of war, a faltering contender will initiate hostilities because, having realized that it has reached the peak of its relative power, it decides it must initiate war now, even under unfavorable circumstances, because if it doesn’t, it will not only fail to achieve predominance but will face the prospect of catastrophic defeat in the near future.  Such wars are not caused by states leaping through open windows of opportunity created by the military advantage they enjoy over their potential rivals. Instead, they are caused by stalled rising powers, at a current or imminent military disadvantage, attacking despite this disadvantage because it is the least bad of several very bad options open to them.

Two 20th century historical cases are illustrative of this argument.  The first is the case of WWI.  In 1914, Germany did not go war against the Triple Entente of France, Russia, and Britain because Germany’s leaders believed that they could easily cement their rise to regional hegemony by quickly and decisively defeating France and Russia and then bullying Britain into accepting German preeminence.  Rather, as historian David Fromkin put it succinctly in his book Europe’s Last Summer: Who Started the Great War in 1914?: ‘Germany deliberately started a European war to keep from being overtaken by Russia.’ The argument Fromkin and like-minded historians make are that German military planners, looking east, saw a Russia growing demographically, developing industrially, and building the kind of rail and road infrastructure necessary for rapid mobilization in time of war.  And this terrified them.  Indeed, it terrified them so much that they decided that they needed to trigger a war sooner rather than later because sooner they might have some chance of defeating Russia and its allies, whereas later, they would simply be crushed by them. This, against the backdrop of their racialized fear of conquest by Slavs, drove the Germans to issue the now infamous ‘blank check’ encouraging the Austrians to punish the Serbs for their role in the assassination of the Austrian Archduke Franz Ferdinand, to undertake concerted efforts to squelch British and French peace initiatives, and ultimately to launch an attack on France through Belgium that brought the wavering British firmly into the war on the Allied side.  And they did all of this to bring about war with Russia before that country had completed its economic and military modernization and before population growth bequeathed the Tsarist empire a conscript pool that dwarfed that of the Kaiser’s. It was a war of desperation.

The second case of desperation war is the case of the Japanese attack on the United States in 1941....
....MUCH MORE