China is the biggest winner from the Iran war. But the US Deep State is a close second. You didn’t think I’d make it through a whole Iran war without making an MIC video did you?
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Nobody has any idea how history is going to go. But it’s fun to try to predict it. I have a hunch that this AUKUS agreement, deepening military ties between Australia, the UK and the US, is really bad news. But even if it is absolutely the right thing to do, it is a lot more significant than the amount of attention it is getting. It was momentarily a big topic of discussion among geopolitics nerds like myself, but quickly faded. This is weird, because even if everything I said in this video turns out to be wrong, AUKUS is definitely a bigger deal than the withdrawal from Afghanistan we spent weeks agonizing about. An Asian NATO is now a concrete reality, and we know a lot more about what the next few decades will look like in Asia than we did two weeks ago. It’s a big deal. Here’s my very pessimistic take on what it all means.
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Video Transcript after the jump…