I just listened to John Anderson and Niall Ferguson ponder what it means if Australia gets 8 nuclear subs, but the US has 8 subs less than it otherwise would have? There is only so much building capacity. Yeah that's what Cockshott was saying, China and Korea have ship building capacity if we want to enter into a ship building arms race. The US, Britain and Australia don't.
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AUD on the skids, page-290
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