Comments by "anotheranon" (@anotheranon3118) on "German Chancellor Olaf Scholz loses his cool as energy debate gets heated" video.

  1. 5
  2. 3
  3. 3
  4.  @safiibrahim1778  It's very hard to talk about medium to long term scenarios. The West's global power in relative terms will decline, but it's just very hard to make proper predictions about all the rest. China has a terminal demography, which will really bite them. They only have a short window of time to escape the middle income trap before their society gets too old, which will have very clear implications for growth, among others. Japan, for instance, got 'rich' before it got old, and even so, their demographic profile is really hurting them. We will see whether China manages that transition adequately, which may not be the case. We are also in the midst of an energy transition. China has a bit of an upper hand in this when it comes to the supply of rare earth minerals, but hydrocarbon exporters such as Russia may be losing big in the medium term. Saudi Arabia, for instance, knows this, that's why they are diversifying its economy at the moment - to be prepared. New markets for the minerals that you quote above can be explored. Investment needs to follow suit. China has the monopoly on many because they invested in extraction domestically and tried to control some of the african supply chains. That does not mean it is a fixed matter - things can change in that respect. Russia's self sufficiency does not mean they will be necessarily doing Ok - problematic demographic profile too, brain drain, they will find it hard to move up the value chain ladder in many sectors, a very big country yes but also difficult to manage in terms of infrastructure /logistics, new pariah status with not blocked but severely curtailed access to investment and funding, and many others. TLDR: it's hard to look very far into the future, especially when we talk about so many things at once. But I do appreciate you keeping it civil and I do appreciate the reasonable reply.
    3
  5. 2
  6. 1
  7. 1
  8. 1
  9. 1
  10. 1
  11. 1