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Notes -
I agree with most of this, but I also think that the financialisation of many Western economies probably has exerted a significant toll on industrial state capacity. My suspicion is that the US couldn’t pull off the same feats it managed in WW2 or much of the Cold War because it simply doesn’t have enough welders, factories, machine shop operators, aeronautical engineers, stevedores, and so on.
Likewise, while I think the narrative that “we don’t build things any more” is largely false, we’ve certainly transitioned into building different kinds of thing, with an emphasis on bits over “its”.
I’m less sure about other forms of state capacity. While the US was able to enforce COVID rules fairly effectively, this doesn’t impress me much; largely the rules were about convincing people to refrain from doing certain things and enforcing this. It’s less clear to me that the US could, for example, mobilise an additional 10 million military personnel as it did over the course of WW2.
If I’m focusing on war scenarios here, it’s because the possibility of a war with China looms large here. While the opening days of any such war will draw on stockpiled munitions, in any prolonged conflict the US will be sorely tested in its ability to rapidly regenerate stockpiles and replace losses, especially of surface combatants.
I’m eager to have my pessimism here overruled, but there are times when the tide goes out and you realise which states have been swimming nude, and I worry the US isn’t wearing trunks.
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