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or relatedly, the US providing some of its most advanced military capability to its allies. Curt was the father in many ways of the AUKUS agreement, which is essentially an effort by the US and the UK to provide Australia the capability of a nuclear powered submarine, which would give Australia great capability in the region.
or relatedly, the US providing some of its most advanced military capability to its allies. Curt was the father in many ways of the AUKUS agreement, which is essentially an effort by the US and the UK to provide Australia the capability of a nuclear powered submarine, which would give Australia great capability in the region.
That's some of our most sensitive technology, but it's a kind of example of capacity centric statecraft. So too, in the economic and tech dimension, do you need this kind of new approach? What that means in practical terms is understanding that China, that is maybe four times more than the U.S.
That's some of our most sensitive technology, but it's a kind of example of capacity centric statecraft. So too, in the economic and tech dimension, do you need this kind of new approach? What that means in practical terms is understanding that China, that is maybe four times more than the U.S.
in global manufacturing in a few years, it has capacity that simply will put other countries' industries out of business. It will deindustrialize the rest of those countries just by being able to compete maybe with some government help, of course.
in global manufacturing in a few years, it has capacity that simply will put other countries' industries out of business. It will deindustrialize the rest of those countries just by being able to compete maybe with some government help, of course.
The only solution to that isn't just to protect the American market, because if American firms have their market safe, but they can't sell into third country markets, then they'll never achieve scale in the global system. Those markets have to be available to American companies and vice versa. Those countries have to be able to access the American market.
The only solution to that isn't just to protect the American market, because if American firms have their market safe, but they can't sell into third country markets, then they'll never achieve scale in the global system. Those markets have to be available to American companies and vice versa. Those countries have to be able to access the American market.
What we have to do is collectively put up more barriers against China's capacity. These can be trade barriers. They can be regulatory barriers. but then reduce barriers within that family of allied countries, essentially, that are free world. And that will require a different approach to how America conducts itself and its alliances. It will require greater humility.
What we have to do is collectively put up more barriers against China's capacity. These can be trade barriers. They can be regulatory barriers. but then reduce barriers within that family of allied countries, essentially, that are free world. And that will require a different approach to how America conducts itself and its alliances. It will require greater humility.
But if we're able to pull it off, it'll give us the ability to maintain a system that has essentially brought prosperity to Americans, to our allies, and to the world.
But if we're able to pull it off, it'll give us the ability to maintain a system that has essentially brought prosperity to Americans, to our allies, and to the world.
I think first is that scale matters in the rise and fall of great powers. That scale is important. And this gets to Kurt's point about hegemonic prophecy. You don't want to underestimate others. If you take into account their scale, where that is a strength, where they have weaknesses, but scale matters.
I think first is that scale matters in the rise and fall of great powers. That scale is important. And this gets to Kurt's point about hegemonic prophecy. You don't want to underestimate others. If you take into account their scale, where that is a strength, where they have weaknesses, but scale matters.
China has scale right now relative to the United States in critical metrics relevant for the generation of strategic advantage and technological advantage. And the US on its own lacks that sense of scale. The US can find scale. It has a great repository of scale in its allies. And together with those allies and partners, That group of countries vastly outscales China.
China has scale right now relative to the United States in critical metrics relevant for the generation of strategic advantage and technological advantage. And the US on its own lacks that sense of scale. The US can find scale. It has a great repository of scale in its allies. And together with those allies and partners, That group of countries vastly outscales China.
So to kind of sum it up, scale matters and you have to get your hegemonic prophecy right. China has scale. The U.S. alone does not. The U.S. can get it with allies.
So to kind of sum it up, scale matters and you have to get your hegemonic prophecy right. China has scale. The U.S. alone does not. The U.S. can get it with allies.
Thank you very much, Lynn. Thank you.
Thank you very much, Lynn. Thank you.