Soumay Nonay wrote:
David Hartung wrote:

In other words you advise a policy based upon a fear of being
defeated.

That's why China actually enjoys buying into the massive American
deficit. It can use capitalism to do something more attractive than
defeat us: OWN us.

You make a very good point.

As I recall, China holds a sizable percentage of US debt.

Who do you think would be hurt worse, at least in the short run, if the
US were to stop making any payments on debt held by the Chinese? Right
now, I believe that such a move would come close to destroying China.
Unfortunately, in the long term, it would hurt the USA even worse.