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bokov comments on US default as a risk to mitigate - Less Wrong Discussion
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Or, a briefer version of the below:
Europe, the Americas, and China are all part of the same global economy. They bid for the same collection of fixed resources and space. They share the same commons and the same tragedy of the commons. It's the same way that just because you're not directly linked to the government doesn't mean that you won't be affected by it collapsing, but on a global scale.