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John Authers, Columnist

Ancient Greece’s Red Flags for Modern China

The current conflict between the U.S. and China is not unlike when Athens challenged Sparta’s dominance.

Ancient Greece holds lesson for the trade wars today.

Photographer: Paris Papaioannou/AFP

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Where is the ever-more-fraught relationship between China and the U.S. headed? That is perhaps the central question in this month’s Authers’ Notes Bloomberg book club selection, “Red Flags” by George Magnus, which we will be discussing live on the Bloomberg terminal with the author today. More on that later. But for now, I want to address one of the biggest problems in analyzing the clash, which is that there aren’t many historical precedents, and none that are perfect.