Commentary State-sponsored cyberattacks against other nations are nothing new; they’ve been a reality for a couple of decades, even if we’ve discovered some malicious code recently. But as U.S. relations deteriorate with China and Russia, they take on even greater urgency and up the risks of strategic mistakes. As Russia’s war against Ukraine has demonstrated,…
Elon Musk and the Chinese Temptation
Commentary Elon Musk has fans all over the ideological spectrum. People on the Left love him for popularizing electric cars with his Tesla company, or maybe for openly smoking pot on podcaster Joe Rogan’s show. Conservatives love him for his entrepreneurial dash and penchant for standing up to politicians and Big Tech censorship of the…
China’s Economy Remains ‘Uninvestable’; Liu He’s ‘Promises’ Are Fatuous Under CCP’s Criminal Rule
Commentary Earlier this month, Liu He, China’s vice premier for economic affairs, stepped up to offer some nebulous assurances of “reforms” to try to reverse what had been an earlier rout in Chinese equities. Western investors bought the messaging, and the markets recovered, but Liu’s assurances are illusory. Liu’s intervention was necessitated by what Bloomberg…
Bitcoin Won’t Replace the Dollar—but China’s Digital Currency Might
Commentary In 2009, bitcoin, the world’s first decentralized digital currency was created. Designed to replace the U.S. dollar, the global reserve currency, bitcoin has become a sort of Rorschach test for humanity. Some have compared it to rat poison; meanwhile, other people, like Eric Adams, the crypto-friendly mayor of New York City, are firm believers….
The Slow Motion Evergrande Wreck
March 25, 2022
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Commentary Corporate bankruptcies in the United States work under very well-defined laws and procedures about who gets paid, in what order, and based upon contractual or implied understanding. In China, bankruptcies remain the largely wild rule of the jungle matters that can take years of behind-closed-door fighting to divvy up corporate carcasses. Evergrande and the…
A Nuclear Posture Review for a Two-Front War
Commentary The Nuclear Posture Review (NPR) is an important document to guide the Department of Defense regarding its nuclear forces and, thus, the nuclear deterrence capability of the United States. The last one was released in early 2018, and the new one will be this year. Much has changed in the previous four years. The…
The US Is Partially to Blame for the Moscow-Beijing Axis
Commentary The war in Ukraine has shocked many with a modern sensibility—and with good reason. In addition to the carnage and destruction, Russian President Vladimir Putin has single-handedly unearthed Carl Von Clausewitz’s definition of “war as the continuation of policy” from its prematurely dug grave. Western detest of “behavior that belongs in the 19th century” and…
US-South Korea Ties: Focus on Economics as Much as Defense
Commentary On March 9, the Biden administration may have felt that it dodged a bullet when conservative Yoon Suk-yeol was elected president of the Republic of Korea (ROK, aka South Korea) for a five-year term. Unlike his defeated leftist opponent and the previous Moon Jae-in administration, Yoon strongly supports the ROK-U.S. alliance. Its military component…
Beijing Beckons to Li Ka-shing as International Capital Moving Away From China
Commentary The family company of Hong Kong’s richest man Li Ka-shing recently sold a large amount of European assets. His investments have always been an economic bellwether. At this time, the confrontation between the United States and China has intensified, Chinese stocks and the Chinese stock market have seen ups and downs, and international capital…
China’s Economy Hits a Wall
March 25, 2022
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News Analysis While the Chinese Communist Party (CCP) predicted 5.5 percent economic growth in 2022, the indicators say that Beijing is under the illusion of wishful thinking. COVID-19, a failing property market, sanctions from the Uyghur genocide, secondary sanctions from the Russian invasion, Xi Jinping’s reforms, and regulatory crackdowns are hitting China’s economy and leading…
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