Chamath warns that escalation to war would spike oil prices and inflation, potentially doubling oil costs and crushing global GDP. He questions who benefits from military escalation and hopes the president finds a way out.
Chapters
Every time we're on the verge of victory, somebody in the military industrial complex invents some escalation of something so that we can just go to war. The answer always seems to be, let's go to war, or let's support a war, or let's enable a war. And the bulwark to that has been the president. If we go to war, this totally screws everything up. You could see oil double, double what happens to the economy of the world, of world GDP, of everything, of inflation. If you have oil at 100 bucks a barrel, 112 bucks a barrel, it's not good. So you have to wonder, why would people want this escalation? Who wants this escalation? And you see that it's deeply beneficial for America to avoid anything calamitous happening here. So I hope we find an off ramp, and I hope that the president gets his way.