its not so much that capital is outstandingly evil (except when incapable of growth,) its that its race is run.

One might point out that Europe tariffed the beJesus out of China last year, which may answer the question "will everyone else tariff each other too?"

This shit might accelerate and deepen the forthcoming (Kondratieffian) slump - but in the long run it literally can't be worse than the ongoing plummet into hyperauthoritarian immiseration required to (futilely, unless they're going to deep six property values etc.) "compete" with China.