War Theory #874?

Precondition:  NATO goes into a hot war against Russia backed by (and maybe eventually including) China, and nukes are never used by either side.

Result: Under this likely scenario, there is a good chance that NATO countries would be defeated after a very long protracted war of attrition where the NATO side runs out of ammunition and perhaps hundreds of other supplies that are necessary to maintain a large long hot war, because NATO countries lack the industrial base, that base having moved to China long ago so that gamblers could get richer.  They think they are OK because they have plenty of money, and they don't think too much about whether it is possible to convert that money into product since it always has been possible before.

I'm remindded of Rudyard Kipling's poem, part of it goes:

In the Carboniferous Epoch we were promised abundance for all,
By robbing selected Peter to pay for collective Paul;
But, though we had plenty of money, there was nothing our money could buy,
And the Gods of the Copybook Headings said: "If you don't work you die."