Latest / The Infographics Show Podcast / What Would Happen If China Invaded Taiwan?
Transcript
- 0:10Speaker 1: Okay, welcome to beyond infographics. We're diving deep today. You know,
- 0:16Speaker 1: when you see a big global event, something like the
- 0:19Speaker 1: conflict in Ukraine, it really makes you look at other
- 0:22Speaker 1: tense spots and ask, okay, what are people learning here? Right?
- 0:24Speaker 2: What are the takeaways?
- 0:25Speaker 1: Exactly? And maybe just as important, how does the you know,
- 0:29Speaker 1: the specific history, the culture, the identity of a place
- 0:32Speaker 1: like Taiwan change how we should see it. It's got layers,
- 0:36Speaker 1: lots of layers, stuff you just don't get from a
- 0:38Speaker 1: quick headline, that's right.
- 0:39Speaker 2: So we're going to try and take what we can
- 0:41Speaker 2: see from recent events, especially Ukraine, to maybe understand the
- 0:45Speaker 2: calculations around Taiwan a bit.
- 0:46Speaker 1: Better and connect that back to Taiwan's own story right,
- 0:49Speaker 1: its own journey, how its identity got.
- 0:51Speaker 2: Shaped, exactly, how it sees itself.
- 0:53Speaker 1: So our mission here really is to get past that
- 0:56Speaker 1: surface level stuff. We want to help you understand all
- 0:58Speaker 1: these tangled threads, strategy, the huge economic risks, the deep
- 1:04Speaker 1: history that makes Taiwan what it is today.
- 1:06Speaker 2: It's complicated, no doubt, yeah, but you kind of need
- 1:09Speaker 2: to grasp it to be properly informed.
- 1:12Speaker 1: So where do we start looking east from Ukraine seems
- 1:16Speaker 1: like a good place China's thinking, Yeah.
- 1:19Speaker 2: That seems critical. I mean, it's pretty clear China is
- 1:21Speaker 2: watching Russia's invasion very very closely and drawing lessons.
- 1:26Speaker 1: Especially about the costs, maybe the potential price tag for
- 1:30Speaker 1: military action against Taiwan.
- 1:32Speaker 2: That seems to be a big one. The thinking is
- 1:34Speaker 2: those costs might look well, quite a bit higher now
- 1:37Speaker 2: than maybe they thought before, right, And that perception that
- 1:41Speaker 2: feeling of higher risk could be more caution from Beijing
- 1:45Speaker 2: at least, you know, in the short to medium term.
- 1:47Speaker 2: Unless unless. Yeah, that's the big unless unless. But it's nuanced.
- 1:52Speaker 2: The analysis suggests that okay, wes unity was strong, but
- 1:56Speaker 2: China might expect a lot of the developing world to
- 1:59Speaker 2: stay neutral or maybe even oppose a coalition against them.
- 2:02Speaker 1: So China might be working those angles, like through the
- 2:05Speaker 1: Shanghai Cooperation Organization or with African nations.
- 2:09Speaker 2: It seems likely they try to mobilize support there. Yeah,
- 2:12Speaker 2: use those existing diplomatic channels, maybe try to split potential opposition.
- 2:16Speaker 1: Okay, let's seem it. On the military side. Then, what
- 2:19Speaker 1: specific lessons might China be taking from Ukraine's battlefields.
- 2:23Speaker 2: Well, one huge point seems to be just how vital
- 2:26Speaker 2: surprise is, especially for something massive like a joint island landing.
- 2:31Speaker 1: Right, landing troops on an island like Taiwan.
- 2:34Speaker 2: Exactly, that takes so much preparation. You have to mobilize
- 2:37Speaker 2: the economy, get troops in place. It takes time, and
- 2:40Speaker 2: it's hard to hide. If you lose surprise, your whole
- 2:42Speaker 2: plan gets way harder.
- 2:43Speaker 1: And what about the effectiveness of their own military Russia's
- 2:47Speaker 1: reforms didn't seem to go perfectly smoothly.
- 2:49Speaker 2: That's a really interesting angle. Russia went through big reforms
- 2:52Speaker 2: after two thousand and eight, right, but they still face challenges,
- 2:55Speaker 2: especially with coordinating different forces, ground, air, sea, cyber combined arms.
- 3:01Speaker 2: So China's PLA they've been doing their own major reforms
- 3:04Speaker 2: since twenty sixteen. Seeing Russia's difficulties might make them think
- 3:08Speaker 2: hard about their own progress, especially on those complex coordinated operations.
- 3:12Speaker 1: And corruption that always seems to come up when talking
- 3:15Speaker 1: about military readiness.
- 3:16Speaker 2: It's a constant worry. The PLA and the CCP have
- 3:20Speaker 2: been trying to crack down on corruptions since twenty twelve,
- 3:24Speaker 2: but seeing how it might have affected Russia's military in
- 3:26Speaker 2: Ukraine probably reinforces, just how damaging it can be, how
- 3:30Speaker 2: much it undermines everything.
- 3:31Speaker 1: Plus just achieving a quick win. An amphibious assault is
- 3:34Speaker 1: way harder than ruling tanks across a land border.
- 3:37Speaker 2: Presumably it is much much harder. So Ukraine might suggest
- 3:41Speaker 2: that a quick knockout blow against Taiwan is well maybe
- 3:44Speaker 2: not realistic right now. They might need totally new strategies
- 3:48Speaker 2: for that, and those take time to develop.
- 3:49Speaker 1: Okay, So that brings us to the economics. What are
- 3:51Speaker 1: the big lessons there? Sanctions?
- 3:53Speaker 2: Maybe sanctions are definitely a huge takeaway, the speed and
- 3:57Speaker 2: how broad they were against Russia. That's a challenge for China.
- 4:01Speaker 1: Why specifically, Well, think about.
- 4:02Speaker 2: Their foreign reserves. A huge chunk of that money is
- 4:06Speaker 2: held in currencies like dollars, euros, yen, pounds, the very
- 4:11Speaker 2: currencies of the country's most likely to impose sanctions.
- 4:15Speaker 1: Ah, right, So those reserves could be frozen or restricted.
- 4:18Speaker 2: Exactly, And getting the Chinese currency the R and B
- 4:21Speaker 2: internationalized enough to get around that that's likely decades away realistically.
- 4:24Speaker 1: Could they use economic carrots though, try to buy off
- 4:27Speaker 1: potential sanctioning countries.
- 4:28Speaker 2: They might try use economic deals investments maybe to try
- 4:31Speaker 2: and divide countries. But that basic vulnerability, having your savings
- 4:36Speaker 2: mostly in someone else's currency, that doesn't just go away.
- 4:40Speaker 1: Okay, so let's just pause here. The core insight from
- 4:43Speaker 1: looking at Ukraine isn't necessarily oh, China's military is suddenly
- 4:46Speaker 1: ready to go.
- 4:47Speaker 2: No, not really. The analysis suggests that if China does
- 4:50Speaker 2: decide to use force sooner rather than later, it's probably
- 4:53Speaker 2: less about thinking their military prospects have dramatically improved and
- 4:57Speaker 2: more about more about a feeling that the US or
- 4:59Speaker 2: tai Wan have crossed some kind of fundamental redline, something that,
- 5:04Speaker 2: in Beijing's view, closes the door on peaceful unification entirely,
- 5:09Speaker 2: like what's outlined in their two thousand and five anti
- 5:12Speaker 2: Succession law.
- 5:12Speaker 1: Okay, so, moving past the strategic calculations for a moment,
- 5:17Speaker 1: the potential economic fallout if conflict did happen over Taiwan.
- 5:22Speaker 1: It just sounds staggering, it really is.
- 5:24Speaker 2: The global stakes are just so much higher than Ukraine.
- 5:27Speaker 2: It's not even close. Really.
- 5:28Speaker 1: Why, Yeah, just the sheer size of the economies involved exactly.
- 5:31Speaker 2: You're talking about the US, China, Japan, Australia, Taiwan itself.
- 5:37Speaker 2: These are giants of the world economy. Russia and Ukraine,
- 5:41Speaker 2: while important for specific things like energy and grain, just
- 5:44Speaker 2: aren't on the same scale globally. The ripple effects would
- 5:46Speaker 2: be enormous.
- 5:47Speaker 1: Everywhere, and markets would react even before anything happened, right
- 5:50Speaker 1: like we saw with oil prices before the Ukraine invasion.
- 5:52Speaker 2: Absolutely, markets try to look ahead, so just the expectation
- 5:56Speaker 2: of a conflict over Taiwan could cause chaos. You'd likely
- 5:59Speaker 2: see a massive flight to safety, money rushing into things
- 6:02Speaker 2: seen as safe like US Treasury bonds, so bond yields
- 6:06Speaker 2: would probably fall sharply. We saw that after Pearl Harbor
- 6:09Speaker 2: the Korean War nine to eleven, and stocks socks would
- 6:12Speaker 2: likely tank, at least initially. Volatility would spike big time.
- 6:15Speaker 1: What about the banks? Is the global banking system exposed.
- 6:19Speaker 2: Very much, So there's huge exposure in the Western Pacific.
- 6:23Speaker 2: Just foreign bank claims on China alone are over one
- 6:26Speaker 2: point two trillion dollars. Wow. Yeah, so a conflict could
- 6:30Speaker 2: put immense pressure on banks with ties to the region.
- 6:33Speaker 2: You might need central bank stepping in with emergency loans,
- 6:35Speaker 2: maybe even capital injections to stop a full blown systemic crisis.
- 6:39Speaker 1: And China's own reserves. They hold trillions in foreign currency,
- 6:43Speaker 1: mostly dollars, right, what would they do?
- 6:45Speaker 2: It's almost certain they'd try to sell off a lot
- 6:47Speaker 2: of their US assets before conflict breaks out to avoid
- 6:51Speaker 2: having them frozen by sanctions like we talked about.
- 6:53Speaker 1: Could that cripple the US economy something trillions of dollars?
- 6:56Speaker 2: You know, this is maybe one of the most surprising insights.
- 6:59Speaker 2: The analysis suges that even selling trillions, it would probably
- 7:03Speaker 2: only have a fairly modest impact on US interest rates,
- 7:06Speaker 2: maybe like five basis points.
- 7:09Speaker 1: Really, that seems small, it does.
- 7:11Speaker 2: But the thinking is the Federal Reserve could likely manage
- 7:14Speaker 2: it step in to stabilize markets. The bigger problem might
- 7:18Speaker 2: actually be for China, where do they put all that
- 7:19Speaker 2: money afterwards where it's safe and not likely to get
- 7:22Speaker 2: sanctioned again.
- 7:23Speaker 1: Okay, so maybe not a financial collapse from reserve sales,
- 7:26Speaker 1: But what about just trade shipping goods around the world.
- 7:29Speaker 2: Ah, that's where it gets truly catastrophic. Global trade would
- 7:33Speaker 2: face just devastating disruption. Well, imagine porch being damaged, You're destroyed,
- 7:38Speaker 2: shipping lanes becoming war zones, getting insurance for cargo ships
- 7:42Speaker 2: going anywhere near the region forget about it. And when
- 7:45Speaker 2: you think about how much global trade involves China, the US, Japan, Korea, Taiwan,
- 7:51Speaker 2: you're talking about grinding a huge portion of the world's
- 7:54Speaker 2: commerce to a halt.
- 7:55Speaker 1: And the supply chains, especially the tech supply chain. This
- 8:00Speaker 1: is a Taiwan.
- 8:00Speaker 2: This is the absolute crucial point. Taiwan's role is just
- 8:04Speaker 2: off the charts, especially in semiconductors. They make something like
- 8:07Speaker 2: over ninety percent of the world's most advanced chips. Ninety percent. Yeah,
- 8:11Speaker 2: we saw glimpses of supply chain fragility with like oil
- 8:15Speaker 2: and food from the Ukraine War, or the chip shortages
- 8:18Speaker 2: for cars during COVID. A conflict involving Taiwan, that would
- 8:22Speaker 2: be like those disruptions multiplied by well a huge number.
- 8:26Speaker 2: It could shut down vast swaths of global manufacturing, tech, cars, electronics, everything.
- 8:33Speaker 1: You sometimes hear this old idea that war is good
- 8:36Speaker 1: for the economy. Maybe thinking about the US and World
- 8:38Speaker 1: War two, does that apply at all here?
- 8:40Speaker 2: Not really, No, that comparison doesn't hold up. Back in WWII,
- 8:44Speaker 2: the US have massive untapped industrial capacity and relatively low debt. Today,
- 8:49Speaker 2: key countries, including the US, already have sky high government debt.
- 8:52Speaker 1: And China is the manufacturing giant now, not the US
- 8:55Speaker 1: like back then.
- 8:55Speaker 2: Exactly. So, No, a Taiwan conflict wouldn't be stimulative. The
- 8:59Speaker 2: analysis is pretty clear it would be profoundly disruptive globally.
- 9:02Speaker 2: It would hammer economic outpoot everywhere in pretty much every sector.
- 9:06Speaker 1: Okay, deep breath. If you're finding these insights helpful, if
- 9:10Speaker 1: they're taking you beyond infographics, please do consider leaving us
- 9:13Speaker 1: a five star rating. It really helps other people find
- 9:17Speaker 1: these deep dives.
- 9:18Speaker 2: Yeah, it does. And you know, to really get this
- 9:21Speaker 2: whole picture, we have to go beyond the strategy and
- 9:23Speaker 2: the economics. We need to talk about the island itself,
- 9:26Speaker 2: Taiwan's own story, its identity. This is maybe the most
- 9:30Speaker 2: crucial piece of the puzzle.
- 9:32Speaker 1: How so, how did that identity come about? It wasn't
- 9:34Speaker 1: always separate from China historically.
- 9:36Speaker 2: Well after Japan's colonial rule ended in nineteen forty five,
- 9:40Speaker 2: the KMT government that the Nationalists came over from mainland China.
- 9:44Speaker 2: They imposed the Republic of China system and crucially a
- 9:48Speaker 2: very specific idea of Chinese nationalist culture.
- 9:51Speaker 1: And for people already living there who'd been under Japanese rule.
- 9:54Speaker 2: For many of them, it felt like swamping one colonial
- 9:56Speaker 2: master for another, a kind of ecolonialism. This some scholars.
- 10:00Speaker 1: So the KMT brought this official version of Chinese news
- 10:03Speaker 1: pretty much.
- 10:04Speaker 2: It's been described as this reconstructed, almost museum like version
- 10:09Speaker 2: of Chinese culture. A conservatory is one phrase used, and
- 10:13Speaker 2: it mostly reflected the view of the Mandarin speaking elite
- 10:16Speaker 2: who just.
- 10:16Speaker 1: Arrived and local traditions A language often suppressed.
- 10:20Speaker 2: Local languages Taiwanese hawking, for example, were discouraged. Existing identities
- 10:25Speaker 2: were pushed aside in favor of this official Chinese.
- 10:27Speaker 1: Identity, which naturally led to pushback.
- 10:29Speaker 2: I assume absolutely you saw the rise of what's called Taiwanization,
- 10:33Speaker 2: or bentua in Mandarin. This was basically a resistance movement
- 10:37Speaker 2: culturally and politically, a kind of decolonization effort really aimed
- 10:41Speaker 2: at building a distinct Taiwanese nationalism.
- 10:43Speaker 1: When did that really take off?
- 10:45Speaker 2: It started simmering earlier, but it really gained steam from
- 10:48Speaker 2: the nineteen seventies nineteen eighties onwards, leading into the democratic era.
- 10:51Speaker 1: So once Taiwan became democratic, how did that identity process change?
- 10:55Speaker 2: It accelerated. Taiwan became this fascinating laboratory of identities people
- 11:00Speaker 2: call it. In that new democratic space, people started actively
- 11:03Speaker 2: rewriting Taiwan's story, presenting it as its own nation, you know,
- 11:07Speaker 2: separate from the mainland.
- 11:08Speaker 1: How did they do that well?
- 11:10Speaker 2: Sometimes by emphasizing certain historical moments or cultural traditions, using
- 11:17Speaker 2: invented traditions perhaps, or what's been called postmodern primordialism. That
- 11:22Speaker 2: it's like strategically picking elements from the past, maybe ancient
- 11:26Speaker 2: cultural traits, and highlighting them to build a sense of
- 11:30Speaker 2: deep rooted, distinct identity. Today. What's really interesting is that
- 11:34Speaker 2: both sides, in a way, the KMT emphasizing chineseiness and
- 11:38Speaker 2: the DPP emphasizing taiwan easiness, have kind of strategically essentialized identity.
- 11:43Speaker 2: They've picked certain things and said this is what defines us.
- 11:46Speaker 1: And that has political consequences, obviously huge ones.
- 11:49Speaker 2: It shapes the political divides, how people vote, how they
- 11:52Speaker 2: see their future, and it even sparks reactions like a
- 11:55Speaker 2: growing indigenous rights movement pushing back against both Han Chinese narratives.
- 11:59Speaker 1: The outline mentioned a really interesting comparison to Ireland.
- 12:02Speaker 2: Yeah, it's really thought provoking parallel both islands, right, both
- 12:05Speaker 2: with complex colonial histories next to a larger neighbor.
- 12:09Speaker 1: How does the comparison work well?
- 12:10Speaker 2: Think about how things like the Irish famine really fueled
- 12:14Speaker 2: anti English feelings and the push for home rule in Taiwan.
- 12:18Speaker 2: Certain experiences under KMT rules similarly fueled anti Mainlander sentiment
- 12:24Speaker 2: and the desire for self determination, but the outcomes were different,
- 12:27Speaker 2: very different paths. Yeah, Ireland's home rule movement eventually led
- 12:31Speaker 2: to independence. Taiwan's big political shift away from the KMT
- 12:35Speaker 2: was more tied up with bigger geopolitical events like World
- 12:38Speaker 2: War II shifting power dynamics. But it's fascinating that apparently
- 12:42Speaker 2: Irish home rule was actually discussed as a possible model
- 12:45Speaker 2: for Taiwan way back in the early twentieth century.
- 12:47Speaker 1: Wow, and resistance, it's not always politics or fighting, is it.
- 12:51Speaker 1: It can be cultural in everyday life.
- 12:54Speaker 2: That's such a key insight. Resistance isn't just marches and flags.
- 12:57Speaker 2: It's woven into the fabric of daily life, into art,
- 13:00Speaker 2: into language. You can almost see the contrast in movies
- 13:03Speaker 2: like how think about a film like The Wind that
- 13:04Speaker 2: Shakes the Barley about Ireland. It shows very direct physical
- 13:08Speaker 2: resistance right fighting, Yeah, they compare that to Taiwanese films
- 13:11Speaker 2: like the classic A City of Sadness.
- 13:13Speaker 1: Tell me about that one. A City of Sadness.
- 13:15Speaker 2: It's set right after WWII, when the KMT has just arrived.
- 13:20Speaker 2: It follows the Taiwanese family just trying to survive this
- 13:23Speaker 2: incredibly chaotic, often brutal transition. There's a main character who's
- 13:28Speaker 2: a deaf, mute photographer. Why is that significant, Well, many
- 13:33Speaker 2: see him as symbolizing the Taiwanese people at that time,
- 13:35Speaker 2: silence politically, unable to spe out freely under the new regime.
- 13:39Speaker 2: But he's also the witness. He sees everything, records it
- 13:42Speaker 2: through his camera. There's this heartbreaking line where another character says,
- 13:45Speaker 2: Taiwan has been eaten by everyone, written by everyone, sympathized
- 13:49Speaker 2: by no one. That's powerful, It really is. And films
- 13:52Speaker 2: like that show how resistance is tied so deeply to
- 13:55Speaker 2: just holding onto your identity, your family, your way of
- 13:57Speaker 2: seeing the world, even when you can't fight back.
- 14:00Speaker 1: It sounds incredibly complex. How does all this focus on identity,
- 14:04Speaker 1: on who is Taiwanese connect with something practical, like say
- 14:08Speaker 1: immigration policy?
- 14:09Speaker 2: It creates some interesting tensions in Taiwan you have this
- 14:12Speaker 2: really strong push for cultural nation building defining taiwaneseeness, but
- 14:16Speaker 2: that seems to exist alongside quite a bit of resistance
- 14:19Speaker 2: to immigration, especially for permanent settlement. How so, well, the
- 14:23Speaker 2: laws make it very tough for foreign workers, even those
- 14:25Speaker 2: have been there a long time, to actually become Taiwanese citizens.
- 14:29Speaker 2: It's a contrast with say Ireland again, where maybe economic
- 14:33Speaker 2: needs eventually led to more openness after the main phase
- 14:36Speaker 2: of cultural nation building was done. In Taiwan, the identity
- 14:39Speaker 2: project seemed to still heavily influence those practical policies.
- 14:42Speaker 1: Okay, let's shift gears slightly beyond a potential military conflict.
- 14:47Speaker 1: What other tools does China have or use in relation
- 14:50Speaker 1: to Taiwan and others? Cyber attacks come to mind.
- 14:54Speaker 2: Absolutely. Cyber is definitely a major tool. China has shown
- 14:57Speaker 2: it's willing to use cyber attacks to pressure government and
- 15:00Speaker 2: even private companies to try and change policies it doesn't like.
- 15:03Speaker 1: Is there a good example of that.
- 15:05Speaker 2: Yeah, the sous Ria case back in twenty seventeen is
- 15:07Speaker 2: pretty well documented. When South Korea deployed that US JOGAD
- 15:10Speaker 2: missile defense system.
- 15:11Speaker 1: Which China objected to strongly.
- 15:13Speaker 2: Very strongly, and the company that provide the land Lotty
- 15:17Speaker 2: group they got hammered major cyber attacks apparently originating from China,
- 15:22Speaker 2: plus economic sanctions. Their stores in China were closed down,
- 15:25Speaker 2: there were calls for boycotts a whole campaign.
- 15:28Speaker 1: So it's cyber plus economic pressure often yeah, cyber enabled
- 15:32Speaker 1: economic coercion, you.
- 15:33Speaker 2: Could call it.
- 15:34Speaker 1: Has the level of Chinese cyber activity changed much well.
- 15:37Speaker 2: The assessment seems to be that the overall volume of
- 15:40Speaker 2: detected breaches might have dropped a bit since around twenty
- 15:44Speaker 2: fifteen after some agreements were made. But the activity that
- 15:48Speaker 2: is happening is seen as maybe more focused, calculated and
- 15:52Speaker 2: still successful. So fewer random attacks perhaps, but more targeted,
- 15:56Speaker 2: sophisticated intrusions aimed at specific goals.
- 15:59Speaker 1: And they're also concerns about Chinese tech companies themselves, right,
- 16:02Speaker 1: Potential security risks, Yes.
- 16:04Speaker 2: That's a big ongoing debate in many countries, concerns about
- 16:07Speaker 2: national security risks, especially if the technology from companies with
- 16:11Speaker 2: close ties to Beijing gets embedded in critical infrastructure like
- 16:14Speaker 2: power grids or communication networks and didn't.
- 16:17Speaker 1: China also used to require foreign companies wanting to sell
- 16:20Speaker 1: there to form joint ventures.
- 16:22Speaker 2: That was standard practice for a long time. You wanted
- 16:24Speaker 2: market access, you often had to partner with a Chinese company,
- 16:28Speaker 2: and that frequently involved requirements to transfer technology, share intellectual property,
- 16:33Speaker 2: basically handover know how as the price of entry.
- 16:36Speaker 1: So these are all powerful levers, even without firing a shot.
- 16:39Speaker 2: Definitely, cyber pressure, economic coercion, tech transfer requirements, these are
- 16:45Speaker 2: all tools in the toolbox.
- 16:46Speaker 1: Okay, So when you put it all together, the strategic
- 16:50Speaker 1: lessons China might be learning from Ukraine, the absolutely massive
- 16:53Speaker 1: economic consequences we talked about, the deep complex history shaping
- 16:58Speaker 1: Taiwan's identity, right, and the.
- 16:59Speaker 2: Way distance plays out culturally.
- 17:01Speaker 1: And then adding these other tools, the cyber attacks, the
- 17:03Speaker 1: economic pressure, you really do get a picture that goes
- 17:06Speaker 1: so far beyond just you know, looking at a map
- 17:08Speaker 1: or a simple infographic.
- 17:09Speaker 2: Yeah, you start to see how all these different pieces connect,
- 17:12Speaker 2: How history shape strategy, how economics influences politics, how identity
- 17:17Speaker 2: fuels resistance. It's all tangled together.
- 17:20Speaker 1: If this kind of deep dive going beyond infographics has
- 17:24Speaker 1: been useful for you, please do think about leaving us
- 17:28Speaker 1: that five star rating. It really does help other folks
- 17:30Speaker 1: find the show.
- 17:31Speaker 2: So just to quickly recap the ground we've covered. We
- 17:34Speaker 2: looked at China's potential strategic takeaways from Ukraine, costs, alliances, military.
- 17:40Speaker 1: Realities, then the huge global economic shock waves of a
- 17:43Speaker 1: conflict could trigger trade finance, supply chains, especially semiconductors.
- 17:48Speaker 2: We dove into Taiwan's own story, that journey from imposed
- 17:51Speaker 2: identity under the KMT to this democratic laboratory of identities,
- 17:56Speaker 2: and how resistance is cultural as much as.
- 17:58Speaker 1: Political, drawing that really interesting parallel with Ireland along the way.
- 18:01Speaker 2: Right, And finally we touched on those non military tools
- 18:04Speaker 2: cyber attacks, economic coercion, technology issues.
- 18:08Speaker 1: It really underscores how history, strategy, economics, identity, they're all
- 18:14Speaker 1: locked together here.
- 18:15Speaker 2: Absolutely it's not simple, which.
- 18:16Speaker 1: Leaves us maybe with a final thought for you to
- 18:19Speaker 1: chew want as you go about your day. Given everything
- 18:21Speaker 1: we've talked about Taiwan's really unique path to defining itself
- 18:24Speaker 1: and this incredible economic web connecting everyone across the Strait
- 18:28Speaker 1: and globally, how might things evolve from here? Could the
- 18:32Speaker 1: search for unification or for self determination take turns that
- 18:35Speaker 1: may be nobody on either side fully seas coming right
- 18:38Speaker 1: now