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this post was submitted on 20 May 2024
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My assumption is economic in that they will continue to spend as oil and hydrocarbon fuels dependency drops worldwide as it's replaced with renewables. It seems dogmatic organizations like religions, theocracies, etc tend to do poorly with incremental change, but we'll see over the next couple decades. 30% of their trade is with China so it largely depends on Chinese markets and how/if they decide to change as the markets change.
But it’s important to remember economic collapse doesn’t end a totalitarian regime. It weakens it, but so long as they can feed enough of their people for revolution to not be a matter of survival and they have the arms to stop everyone else it becomes a matter of their will and their ability to maintain internal control.