Bay Area US. Aging macro expat. Cheap lunch guy. 1st to ever rhyme Duce and Juche. Neoliberal peacenik. Has Herder immunity. The Stakhanov of dad jokes. 1/3 each phlegm, spleen & dad humors.
Karthik Sankaran
The EU tends to control the bits in between that link the two
And while there may lags in transitions from dominating stuff to dominating money (I don't think reverse ever happened), it is also true that are no cases of this lasting permanently. That said, there's also an unprecedented complexity in both moneyness & networkedness compared to past transitions.
So to me the question is not "replacement" per se, but what can be accomplished with a combination "stuff dominance" and "enough moneyness and networkedness" to counterbalance "money dominance." Alternately, what can "money dominance alone" accomplish?
there are also some OEM-owned dealerships because europe is smart enough not to have stupid franchise laws like the US has
Financing is mostly:
PCP (personal contract purchase) for new cars
HP (hire purchase) for used cars
Could be personal/work leasing
Could also be EV salary-sacrifice schemes
That's if you need any financing.
So I was saying that maybe the model we should be using is
I'm sure that it's already been said before, but in honor of @rlspang.bsky.social, I would like to observe that one of the issues in the US-China competition is that China dominates networks of "stuff" and the US dominates networks of "money."
Here is a link to a new QI brief on how Middle Powers are responding to the threat of becoming pawns in US-CN rivalry by building dense networks (especially in technology) of issue-specific workarounds.
quincyinst.org/research/wor...
