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China is not stopping after losing its grip on the Panama Canal. The CCP has built up its Belt and Road Initiative (BRI) in Latin America, where it already controls over 40 shipping ports, from Mexico to the southern tip of Argentina.
The Panama Canal is invaluable for strategic and economic purposes, but the Canal has limitations. First, China’s biggest ships have 8 times the capacity of the largest of its Panama Canal-capable ships. Second, China imports millions of pounds of food from the “bread basket of South America,” Brazil, Paraguay, Uruguay, and Argentina, which requires Chinese ships to make sail through the Panama Canal.
China has plans to build railroad tracks over two low passes across the Andes, which obviates the utility of the Panama Canal to ship its food. The key to control of the South Pacific is a deep-water port in Chile, which would A) allow bigger ships than the Panama Canal can allow and B) cut up to 15 days off the Panama Canal passage.
Thus, the fight for strategic control of the Western Hemisphere, vis a vis, the Monroe Doctrine, is in Latin America. Whoever controls key deep-water ports in Chile will be able to project military power in the Pacific Ocean and have control over the food supply. Chile may be the fulcrum in the balance for strategic power for the next century.