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Tag Archives: Sino-American rivalry

Your Arrow Can Pierce the Sky, But Ours Has Gone into Orbit: The Third Newsletter (2020). — Vijay Prashad

Excellent analysis of Sino-American geostrategic rivalry, which is both economic and military. Geostrategy is concerned with the means to effect geopolicy, and the overall geopolicy is the US is global hegemony — preventing rivals from rising. China's is again to become the central realm as the hub of global commerce, with a projected date of 2049, the hundredth anniversary of the Chinese Revolution. These objectives are obviously incompatible. The US views China as the greatest threat...

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There Was No Housing Bubble and Everyone Agrees We Have to Crack Down On China’s Practices on Intellectual Property — Dean Baker

Okay, at the risk of not getting included in the happy consensus, I will make a few points here. My thoughts exactly. Tackling China is just plain crazy, especially when the US was benefitting in real terms of trade and China was still willing to save in USD. Those days are nearly over for the US and hopefully the newly rising China will overlook a century or so of humiliation, including the latest episode. As Dean Baker points out, intellectual property has become a bug rather than a...

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China’s Industrial Policies Work — Gabriel Wildau

Until recently, mainstream economists and policymakers largely dismissed state-led industrial policy – a form of government intervention in the free market – as wasteful and ineffective. Government bureaucrats, the argument went, lack the ability to effectively pick winners among companies or industry sectors. The task is better left to venture capitalists and stock market investors. Moreover, a politicized process of distributing public money is inherently susceptible to rent-seeking and...

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The US needs to copy China’s tech strategy to remain the top economy in the world — Robert D Atkinson

Many US economists and policymakers cling to the faith that free markets are enough to effectively drive innovation and believe that any national IT strategy would be inappropriate government meddling. Most Chinese government officials are engineers who don't get hung up on such philosophical debates: they do what works.… So it's not surprising that the World Values Survey finds 78% of Chinese residents agree that "more emphasis on the development of technology" is a good thing, compared...

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Is China Actually Stealing American Jobs and Wealth? John L. Graham and Benjamin Leffel

To be sure, China and the United States are not without their troubles. Both countries are showing stubborn growth in their carbon footprints and military spending, to name just two disturbing trends. But the data of the last 25 years portray U.S.-China commerce as the most synergistic bi-lateral relationship in world history, bringing peace along with mutual prosperity. Putting another myth to rest – other than for the zombies – and there are lots of them.Harvard Business ReviewIs China...

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America’s War on Chinese Technology — Jeffrey D. Sachs

In the run up to the Iraq War, then-US Vice President Richard Cheney declared that even if the risk of weapons of mass destruction falling into terrorist hands was tiny, say 1%, we should act as if it were certain by invading. The US is at it again, creating a panic over Chinese technologies by exaggerating tiny risks.... With all respect due, Professor Sachs is simply wrong about the logic here. The logic for attacking Iraq had to do chiefly with control of the Middle East, the center of...

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The Gloves Are Off: The U.S.-China Trade War Is Coming for Big Business — Scott B. MacDonald

A fair assessment from the American point of view, basically assuming American exceptionalism. Interestingly, the worst part of the article is the monetary analysis, considering the author is an economist working in the financial sector. Not surprising, though, since apparently so few have a correct understanding.The National InterestThe Gloves Are Off: The U.S.-China Trade War Is Coming for Big Business Scott B. MacDonald | Chief Economist, Smith’s Research and GradingsAlso at The...

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Steve Bannon’s Gift — Chris Faure

Get ready for it! If you thought that the demonization of Russia and incessant Russophobia over the past years from the West, with hardly a highly likely shred of evidence, was unconscionable and the absolute pinnacle of all demonization campaigns ever, get ready for the demonization of China. In true Hollywood Blockbuster style, the China Fearcampaign promises to be bigger and better theater than the complete demonization of Russia. The campaign is focused, has a highly skilled leader, is...

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Flailing at China — Stephen S. Roach

Despite years of denial, there can no longer be any doubt that the US is pursuing a bipartisan containment strategy vis-à-vis China. Whether justified or not, the real problem with this strategy is less the merits of the allegations leveled by US politicians than the incoherence of the Trump administration’s policies to address them.... It's still "Red China," after all.Stephen Roach understand Chinese political economy. This is a good summary of his course at Yale on "The Next...

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