China and its Discontents

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Geopolitical Risk Analysis of a Cold War Between the US and China?

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Ian Bremmer, President of the Eurasia Group, gives a great interview at the World Economic Forum blog, summarizing the possibilities for conflict between the U.S. and China. Currency adjustments, cybersecurity, trade disagreements, and North Korea are all mentioned, although China’s naval expansion and relations with Burma, Iran, and various states in Africa are all suspiciously left out. This, however, will never happen:

If the Chinese suddenly decide, we are moving away from the dollar and into the euro, but we are going to demand strong conditions, political and economical conditionality in return for us bailing these guys out. That could be the end of NATO. This would certainly be the end of the dollar as the world’s reserve currency, and would completely change the way we think about global geopolitics.

I cannot accept this will ever happen. NATO members would never accept any conditions that would result in the breakup of NATO. That’s because these conditions wouldn’t just result in the breakup of NATO–it would mean a significant loss of trust between the U.S. and its European allies. Who would Europe depend on then? China? That’s ludicrous.