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Joe Biden And ‘The Biggest Deal Anybody Has Ever Seen’
Wednesday was one of those days you don't necessarily "enjoy" as someone who spends their time documenting current events as they relate to the intersection of geopolitics and macroeconomics.
Don't get me wrong: I enjoy every day. I have much to be thankful for, not least of which is an audience that infallibly tunes in to "hear" whatever I have to say about markets and politics, whenever I want to say it. So, who am I to complain?
What's tedious, though, are days when my yellow legal pad (and
This is great to hear! This is so on the mark: “The best China strategy, I think, is one which gets every one of our allies on the same page.”
This is not about going back to some liberal order, one-world thinking and bringing China into the fold of Western nations. What’s so great about the Biden quote is that it recognizes that there are two worlds, that the only strategy that will effect change in behavior of the CCP world is that when everyone in our world that matters says “no” together on issues important enough to our world.
There are a lot of lessons from the last four years. Among them is that if America goes it alone against the Chinese, they out play us and we lose.
This new China strategy will fall apart pretty quickly if the US doesn’t support its allies. When allies acted in concert with Trump’s US they got no support when China retaliated, eg when Canadian citizens were targeted after the arrest of Meng Wangzhou following the US warrant, I don’t remember any US assistance or when China retaliated against Australia for suggesting an investigation into the origins of COVID (a Trump favorite), again no US support. This alliance will only work if the allies believe the US has their back, otherwise it won’t survive the slightest Chinese pressure.
China has increased it’s influence on all the continents except one. It has all been in plain sight except to short sighted U.S. citizens. What the taffifs cost China were well worth it geopolitically.
Any entity which wants to be an influence on six continents wants to be an influence on the seventh. Just saying, not blaming.
A quick internet search turned up some interesting articles, including one as recent as May 2020 in the Atlantic (discussing Covid19 issues in the Antarctic as well as other territorial issues).
-chipperoo …. an Antarctica history & science fan.
“Despite being Thomas Friedman, Thomas Friedman made a good point.” Classic.
Thank you! I was afraid people would think it was a typo.
H, Thanks for what you do. I found you on another site a year ago and got hooked. Have learned so much… modern market structure, Kelton and MMT, …. Should have written this on Thanksgiving day. I’m a long term personal investor with scales falling from my eyes. Hope you can keep it up.
Thank you for the kind words. They are greatly appreciated
“Despite being Thomas Friedman, Thomas Friedman made a good point. “ This sentence alone by itself was worth the subscription.