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Kishore Mahbubani – Biden should summon the courage to reverse course on China

Summary:
Kishore Mahbubani believes that the US would do better being an economic rival to China rather than enter an expensive cold war. The money would be better spent on the American people. The writer, a distinguished fellow at the National University of Singapore, is author of ‘Has China Won?’China is doing the opposite of the former Soviet Union. China believes the Soviet leaders failed because they lost touch with their own people, ignoring their welfare while engaged in foreign wars. China hasn’t fought a major war in 40 years. Unlike the Soviet Union, it controls military expenditures.No country has improved its people’s wellbeing as much as China. In terms of human development, the past 40 years have been the best four decades in 4,000 years of Chinese history.China still faces many

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 Kishore Mahbubani believes that the US would do better being an economic rival to China rather than enter an expensive cold war. The money would be better spent on the American people. 


The writer, a distinguished fellow at the National University of Singapore, is author of ‘Has China Won?’


China is doing the opposite of the former Soviet Union. China believes the Soviet leaders failed because they lost touch with their own people, ignoring their welfare while engaged in foreign wars. China hasn’t fought a major war in 40 years. Unlike the Soviet Union, it controls military expenditures.


No country has improved its people’s wellbeing as much as China. In terms of human development, the past 40 years have been the best four decades in 4,000 years of Chinese history.


China still faces many internal problems. Success is not guaranteed. Yet against the backdrop of a century or more of humiliation and suffering, the lives of the Chinese people have never been better. Hence, the US cold war strategy will not work.


FT


Kishore Mahbubani - Biden should summon the courage to reverse course on China

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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