Ones and Tooze
The Speculative Economics Rising From the Film ‘Civil War’
Apr 26, 2024
Exploring the economic implications of a civil war in the US, comparing states to European countries, discussing military capabilities and borrowing strategies. Analyzing how nations use foreign loans and resources for geopolitical influence. Delving into potential economic consequences of secession in the US, parallels with conflicts like Ukraine-Russia and the Civil War. Sponsor ads for therapy and data backup services. Speculative analysis of Western history through a Hollywood movie.
33:38
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Quick takeaways
- Fragmented states like California and Texas may need to prioritize trade for economic survival post-secession.
- Seceded states would need to navigate complex processes of military acquisition and sovereign debt issuance for successful independence.
Deep dives
The Speculative Economics of Potential Secession in the US
The podcast delves into the speculative economics of potential secession in the United States, particularly examining the economic viability of states like California and Texas if they were to secede. California's GDP, comparable to that of Italy, and Texas's GDP, akin to Spain's, make them economically substantial entities. The discussion highlights the importance of trade for economic sustainability, with the fragmented states likely needing to trade more if separated. Despite challenges like ultra-high-end chip production, both states boast major energy and agricultural sectors for self-sufficiency.
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