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Javier E

China Has Squandered Its First Great Opportunity - The Atlantic - 0 views

www.theatlantic.com/...614647

china opportunity foreign policy international relations

shared by Javier E on 30 Jul 20 - No Cached
  • Foreign-policy observers have long debated: What if Beijing were handed a golden opportunity to strut on the world stage, absent a more powerful United States? Would it seize the opportunity, acting for the good of all and convincing the globe of its peaceful intentions? Or would it pursue a cramped vision of national interest? The world has inadvertently run that very experiment since January.
  • The combination of China’s early coronavirus recovery, the catastrophic health and economic situation in the United States, an administration whose “America First” instincts have turned the country inward, and a mostly every-country-for-itself response to the global pandemic has put China in the geopolitical driver’s seat. So far, Beijing has squandered the opportunity in dramatic fashion
  • Former Indian National Security Adviser Shivshankar Menon wrote this month that “it is hard to think of a time since the Cultural Revolution when China’s international prestige and reputation have been lower.” That’s a remarkable statement, given the advantages Beijing possessed just a few months ago. Machiavelli said that it’s better to be feared than loved. He didn’t say hated.
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  • Understanding why the Chinese Communist Party is acting in such a seemingly self-defeating fashion is now a top question on foreign-policy minds. But perhaps there’s no single right answer.
  • The United States, however, should take small comfort in that realization. The underlying dynamics remain: China is pulling out of recession faster than North America and Europe, its military grows stronger each year, and countries in economic doldrums may exit the pandemic more reliant on Chinese capital and markets rather than less so. Chinese leaders believe that the future is theirs, as they pass fractious and declining democracies like the United States on the way up.
  • America has been lucky that Beijing hasn’t acted with more deftness this time around. The world has experienced a six-month geopolitical vacuum, and China has filled it poorly. What happens next may have less to do with Chinese than American policy. An active, revitalized United States can once again compete effectively with China and resume its role as a global leader. If it does, the past six months could look more like an aberration than a prologue.
Javier E

Opinion | Pound for Pound, Taiwan Is the Most Important Place in the World - The New York Times - 0 views

www.nytimes.com/...taiwan-computer-chips.html

taiwan world economic industrial chip manufacturing china us foreign policy

shared by Javier E on 14 Dec 20 - No Cached
  • The new Cold War, between the United States and China, is increasingly focused on access to just one industry in one place: computer chips made in Taiwan.
  • Over the past year, Taiwan has taken a lead in the race to build thinner, faster and more powerful chips, or semiconductors. Its fastest chips are the critical building blocks of rapidly evolving digital industries like artificial intelligence and high-speed computing.
  • As of now, any country looking to dominate the digital future has to buy these superfast, ultrathin chips from either Taiwan or South Korea. And Taiwan has the edge in both technology and market power.
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  • It is a small island of just 24 million people, but it is at the center of the battle for global technological supremacy. Pound for pound, it is the most important place in the world. As the Cold War between China and the United States intensifies, that importance will only continue to grow.
  • After World War II, only two major emerging economies managed to grow faster than 5 percent for five decades in a row and to rise from poverty into the ranks of developed economies. One was Taiwan, the other South Korea
  • They kept advancing up the industrial ladder by investing more heavily in research and development than did any of their rivals among emerging economies. Now they are among the research leaders of the developed economic world as well.
  • How did they accomplish this feat? Competent governments played a major role. South Korea nurtured giant conglomerates like Samsung and Hyundai, which exported consumer products under their own brand names. Taiwan cultivated smaller companies focused on making parts or assembling finished products for foreign brands
  • Today the flexibility goes a long way toward explaining its success.
  • Mixing overseas experience with young local graduates, the science parks became hothouses for entrepreneurial start-ups.
  • Going forward, many tech analysts predict that Taiwan’s business model gives it a clear edge. Most customers prefer a pure foundry that does not compete with them to design chips or build devices, and only Taiwan offers this service.
  • That is a big reason Apple has been switching from Samsung to T.S.M.C. for the processing chips in the iPhone and why Intel is expected to outsource production of its most advanced chips mainly to T.S.M.C.
  • Taiwan has tried to position itself as the “Switzerland” of chips, a neutral supplier, but it increasingly finds itself at the center of the jousting between China and the United States
  • Historically, the importance of Taiwan was calculated in geopolitical terms. A small democracy thriving in the shadow of a Communist giant stirred sympathy and support in Washington. Now, as a byproduct of its successful economic model, Taiwan has become a critical link in the global tech supply chain, adding economic weight to the geopolitical calculations.
Javier E

Chartbook #110: Being There - Last Call At The Hotel Imperial - 0 views

adamtooze.substack.com/...book-110-being-there-last-call

interwar crisis intellectual moral liberal culture politics

shared by Javier E on 11 Apr 22 - No Cached
  • There was also a hard political lesson. Thompson had witnessed the fall of the Weimar Republic close up, but what really moved here was the destruction of Austrian social democracy in 1934.
  • When, later, the guns were turned against Vienna Social Democrats, and destroyed the only society I have seen since the war which seemed to promise evolution toward a more decent, humane, and worthy existence in which the past was integrated with the future, real fear overcame me, and now never leaves me. In one place only I had seen a New Deal singularly intelligent, remarkably tolerant, and amazingly successful. It was destroyed precisely because it was insufficiently ruthless, insufficiently brutal. “Victory” (I saw) requires force to sustain victory. I had wanted victory, and peace.
  • In his classic text, Imagined Communities. Reflections on the Origina and Spread of Nationalism, Benedict Anderson explained how in the late 18th and early 19th century, the genres of the novel and the newspaper had helped enroll their readers in a new communal understanding of time.
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  • a temporal frame defined by religion and monarchical sovereignty was replaced by a new perception of continuous, but eventful historical time. Individuals came to understand themselves as belonging to communities that progressed through history as quasi-organic wholes, in which individual mortality was subsumed in a collective immortality. No one could escape the collective story but it was also the ultimate source of meaning.
  • Nineteenth-century certainties were blown apart by the explosion of violence and of economic crisis unleashed by World War I, which threw visions of regular historical development into question. At the same time the nexus of individual and collectivity was also disturbed by the putting into question of individual subjectivity by the widespread popularity of notions derived from Freudian psychoanalysis and a fundamental renegotiation of gender roles, sexual desire and identities.
  • The whirlwind of the individual and collective was all the more destabilizing for the fact that individual men had suddenly come to take on a larger than life importance in world history
  • liberals or conservatives (had not, AT) devoted much attention to the transformative power of the individual leader.
  • In the final pages of Personal History, Sheean brings Rayna back to life as his guide, conceding to her the argument they left unfinished in 1927, the anniversary year of the revolution.
  • They were the ones fomenting the world crisis: it was happening within them and through them. When the fate of the world hinged upon a handful of men, personal pathologies became the stuff of geopolitics. The correspondents needed a new way of thinking about the role of the individual.
  • by the early 1930s, when Knick and John feuded in a Vienna café, it was clear that the “authority of personality,” as Hitler put it, mattered more than it ever had in their lifetimes. 9 One couldn’t account for what was happening otherwise. The individual leader, as Knick wrote, now counted for “nearly everything.”
  • John Gunther in particular developed an overarching theory of history shocked into motion by the happenstance of individual personality. As Cohen suggests there is an interesting contrast between Gunther’s understanding of history and that being developed at the time by anthropologists like Margaret Mead that also centered on questions of character.
  • Mead and her colleagues were trying to understand the workings of national character: why – say – the Germans submitted willingly to dictatorship or the Americans demonstrated a stubborn, wary, independence. Such “culture-cracking,” they believed, could be marshalled to defuse international rivalries, or to win a war. Their analysis, like John’s, was indebted to a sort of Freudianism, requiring the investigation of child-rearing practices and generational friction
  • As John Gunther saw it, individual personality had jolted history into a new gear. He was making an argument about accident rather than deeply ingrained patterns of culture.
  • the point is well taken. One of the great challenges of comprehending interwar history is how to craft a general narrative of history if it depends on individual personalities to this degree.
  • “I’m no revolutionary”, he imagines himself protesting. “I can’t remake the machine ..”. To which she replies: “You don’t have to! All you have to do is to talk sense, and think sense, if you can. … Everybody isn’t born with an obligation to act. … But if you see it straight, that’s the thing: see what’s happening, has happened, will happen - and if you ever manage to do a stroke of work in your life, make it fit in. … if you are in the right place. Find it and stick to it: a solid place, with a view.”
  • Then, as Sheean imagines Rayna continuing: “If you want to relate your own life to its time and space, the particular to the general, the part to the whole, the only way you can do it is by understanding the struggle in world terms … to see things as straight as you can and put them into words that won’t falsify them. That’s programme enough for one life, and if you can ever do it, you’ll have acquired the relationship you want between the one life you’ve got and the many of which it’s a part.”
  • For me Last Call reads as a brilliantly illuminating examination of the excitement and the peril of thinking and writing in medias res. How was one to cope with the forces of world history sweeping through the living room, Sheean’s long-suffering wife Dinah Forbes-Robertson was moved to wonder after his breakdown during the Spanish civil war. And as global geopolitics, pandemics, inter-generational stresses, technological change, economic crises, urban crisis, and the renegotiation of gender roles and sexuality continue to upheave our lives, those questions are still with us today.
  • Read through the lens offered by Deborah Cohen’s Last Call, Sheean, Thompson et al appear as our precursors, our predecessors and our contemporaries in navigating polycrisis.
Javier E

A New World Energy Order Is Emerging From Putin's War on Ukraine - Bloomberg - 0 views

www.bloomberg.com/...ng-from-putin-s-war-on-ukraine

energy world order emerging putin war ukraine

shared by Javier E on 12 Mar 22 - No Cached
  • blocs start to align in what looks like a new world energy order. 
  • “This represents the biggest re-drawing of the energy and geopolitical map in Europe — and possibly the world — since the collapse of the Soviet Union, if not the end of World War II,
  • The outcome, he said, could be “a sequel to the Cold War.”
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  • For Berlin, loosening its energy dependence on Russia is not simply about hitting Moscow’s main revenue stream. It’s a threat to roll back “Ostpolitik,” a totemic post-World War II policy of rapprochement with the Soviet Union, and by extension later Russia, that involved economic and political engagement, notably through oil and gas links.
  • Yet as customers desert Russia, its partnership with the oil titans of the Middle East, with which it jointly leads the OPEC+ coalition, has so far stayed intact. Russia and Saudi Arabia are the world’s top oil exporters, accounting for 29% of the global total. 
  • “The U.S. can try to make Saudi Arabia increase production, but why would they accept a break in the alliance, which is key for them?”
  • Riyadh’s OPEC+ partnership with Moscow calmed years of distrust between the two oil rivals, and saved the kingdom from relying exclusively on Washington.
  • “Saudi Arabia doesn’t want to switch horses mid-race when they do not know if the other horse is actually going to show up,”
  • Gulf Arab nations accused the U.S. of a lack of support in the face of repeated attacks by Iranian-backed militia on Saudi oil facilities and Gulf tanker traffic, and on Abu Dhabi this year. In a measure of the discord, the United Arab Emirates abstained in a U.S.-led United Nations Security Council vote to condemn Russia’s invasion.
  • “Now that we are in a crisis moment, we’re reaping the effect of that lack of trust that’s been building over the years,” said Karen Young, senior fellow at the Middle East Institute in Washington. 
  • Another source of friction lies in U.S. efforts to reinstate the nuclear agreement with Iran, Saudi Arabia’s regional rival.
  • Demonstrating just how exceptional the times are, a U.S. delegation traveled to Russian ally Venezuela last weekend in an overture to a country that holds the largest known crude reserves in the world.
  • Venezuela has been subject to international sanctions since the Trump era that have crippled its ability to sell oil. While there is not yet talk of allowing exports to resume, President Nicolas Maduro responded by offering to turn on the taps anyway, saying that state oil company PDVSA is prepared to raise output to as many three million barrels a day “for the world.”
  • the U.S. visit was “unexpected, surprising, a complete change in policy orientation,” with energy as the strategic catalyst.
  • “But I think there is a more important geopolitical move that is redefining the West,” he added. The U.S. is looking to confine the spheres of influence enjoyed by Russia and especially China, and for Venezuela that means a gradual process “to reincorporate with the West, through energy.” 
  • China will continue to carry on “normal trade cooperation” with Russia, including in oil and gas, said Zhao Lijian, a foreign ministry spokesperson. China is considering buying or increasing stakes in Russian companies such as Gazprom PJSC,
  • Even assuming a discount on the price per barrel, state-owned importers would weigh very carefully the impact on their global business of large purchases from a country that’s subject to so many sanctions, according to Qin Yan, an analyst with research house Refinitiv.
  • Neither would buying energy from Moscow be an easy solution, even if it meant less pollution, said Li Shuo, a climate analyst at Greenpeace East Asia. “To change China’s current energy structure, to replace a lot of coal it uses now with Russia’s oil and gas, would be a huge project for China, and it would take time,”
  • In Europe, the EU is refusing to budge on its climate commitments as it seeks to slash imports from its biggest supplier this year and replace flows from Russia completely by 2027. Those efforts were given a jolt by a suggestion that Moscow might shut off gas supplies through the Nord Stream 1 pipeline to Europe.
  • “We simply cannot rely on a supplier who explicitly threatens us,” EU Commission President Ursula von der Leyen said as she unveiled the bloc’s plans this week. 
  • as Scholz told the Bundestag, Russia’s attack on Ukraine means “we are in a new era.” The world today “is no longer the same world that it was before.”
Javier E

Opinion | Why the West cannot afford to let Putin conquer Ukraine - The Washington Post - 0 views

www.washingtonpost.com/...-cant-let-putin-win-in-ukraine

world order post-American ukraine west history

shared by Javier E on 12 Mar 22 - No Cached
  • Russia’s invasion of Ukraine is a seismic event, perhaps the most significant one in international life since the fall of the Berlin Wall.
  • This war marks the end of an age. But what can we say about the new one we are entering?
  • Most important, it is marked by the triumph of politics over economics.
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  • For the past three decades, most countries have acted with one lodestar in mind: economic growth. They have embraced trade, technology and domestic reforms, all to produce more growth.
  • Those kinds of choices are possible in an atmosphere in which one does not have to worry that much about the core issue of national security. But today, countries around the world that took security for granted — from Canada to Germany to Japan — are thinking anew about their defense postures and forces.
  • Countries are searching for greater national security in their supply chains and economies more broadly, a trend that began some years ago
  • From Brexit to “Buy American,” the policies being adopted by many of the most fervently free-market countries are animated more by populist nationalism than market economics.
  • We may be seeing the reversal of 30 years of globalization.
  • efficiency, will surely have the effect of raising prices everywhere.
  • inflation could become a more permanent feature of the new world even if the supply shocks caused by the war are temporary.
  • One of the defining features of the new era is that it is post-American. By that I mean that the Pax Americana of the past three decades is over.
  • The United States remains the world’s leading power, still stronger than all the rest by far. It also benefits from some of the features of this new age. The United States is the world’s leading producer of hydrocarbons.
  • Geopolitically, the Russian invasion of Ukraine has put Washington’s chief competitor, China, in an awkward position, forcing Beijing to defend Russia’s actions and putting it at odds with the European Union, with which it has tried hard to have close ties.
  • The greatest strategic opportunity lies with Europe, which could use this challenge to stop being the passive international actor it has been for decades.
  • If Europe becomes a strategic player on the world stage, that could be the biggest geopolitical shift to emerge from this war. A United States joined by a focused and unified Europe would be a super-alliance in support of liberal values.
  • But for the West to become newly united and powerful, there is one essential condition: It must succeed in Ukraine. That is why the urgent necessity of the moment is to do what it takes — bearing costs and risks — to ensure that Putin does not prevail.
Javier E

China at the peak - by Noah Smith - Noahpinion - 0 views

www.noahpinion.blog/...china-at-the-peak

china peak economy

shared by Javier E on 07 Jul 23 - No Cached
  • We thus have the privilege of seeing a great civilization at its peak
  • How much greater would China’s peak have been if Deng Xiaoping had sided with the Tiananmen Square protesters, and liberalized China’s society in addition to its economy? How many great Chinese books, essays, video games, cartoons, TV shows, movies, and songs would we now enjoy if it weren’t for the pervasive censorship regime now in place? How much more would the people of the world have learned from Chinese culture if they could travel there freely and interact with Chinese people freely over the internet? Without a draconian autocrat like Xi Jinping at the helm, would so many Chinese people be looking to flee the country? Would the U.S. and China still be friends instead of at each other’s throats?
  • The key fact is that China’s meteoric rise seems like it’s drawing to a close
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  • China’s drop was much much bigger; the Japan of the 80s was never the export machine people believed it to be. Both countries turned to investment in real estate and infrastructure as a replacement growth driver — although again, China did this much more than Japan did. Essentially, China did all the the things we typically think of Japan as having done 25 years earlier, but much more than Japan actually did them.
  • Yes, for those who were wondering, this does look a little bit like what happened to Japan in the 1990s
  • Already the country is not growing much faster than the G7, and as the ongoing real estate bust weighs on the economy, even that small difference may now be gone. The country’s surging auto industry is a bright spot, but won’t be big enough to rescue the economy from the evaporation of its primary growth driver.
  • Even if it manages to climb up to 40%, that’s still a fairly disappointing result — South Korea is at 71% and Japan at 65%
  • a re-acceleration would require a massive burst of productivity growth, which just seems unlikely.
  • That means China’s catch-up growth only took it to 30% of U.S. per capita GDP (PPP)
  • There’s one main argument that people make for a quick Chinese decline: rapid aging. But while I don’t want to wave this away, I don’t think it’s going to be as big a deal as many believe
  • This is another example of China’s peak being both awe-inspiring and strangely disappointing at the same time.
  • Now that China has hit its peak, will it decline? And if so, how much and how fast?
  • it seems likely that China’s growth will now slow to developed-country levels, or slightly higher, without much prospect for a sustained re-acceleration
  • when people contemplate Chinese decline, they’re not asking whether its economy will shrink; they’re asking whether its relative economic dominance and geopolitical importance will decrease.
  • If we just casually pattern-match on history, the answer would probably be “not for a long time”. Most powerful countries seem to peak and then plateau. Britain ruled the waves for a century.
  • U.S. relative power and economic dominance peaked in the 1950s, but it didn’t really start declining until the 2000s
  • Japan and Germany had their military power smashed in WW2, but remained economic heavyweights for many decades afterwards.
  • When the Roman Empire declined, it got a lot poorer. But in the modern economy, countries that decline in relative terms, and in geopolitical power, often get richer
  • he total fertility rate has been low since even before the one-child policy was implemented, but recently it has taken a nose-dive. Two years ago, the UN put it at 1.16, which is 40% lower than the U.S. and 22% lower than Europe
  • The country’s total population only started shrinking this year, but its young population started falling sharply 20 years ago, due to the echo of low fertility in the 80s. The most common age for a Chinese person is now about 50 years old, with another peak at 35:
  • The first reason is that power is relative, and China’s rivals have demographic issues of their own. The U.S., Europe, India and Japan all have higher fertility than China, but still below replacement level
  • demographics aren’t actually going to force Chinese power or wealth into rapid decline over the next few decades.
  • third of all, evidence suggests that population aging is really more of a persistent drag than a crisis or disaster.
  • Second, demographics won’t take away China’s biggest economic advantage, which is clustering and agglomeration effects. Asia is the world’s electronics manufacturing hub. It’s also by far the most populous region in the world, giving it the biggest potential market size
  • China will act as a key hub for that region, in terms of trade, supply chains, investment, and so on. China is shrinking, but Asia is not
  • As a result, there are suddenly many fewer Chinese people able to bear children, which is why the actual number of births in China has fallen by almost half since 2016:
  • we’d find that every percentage point of the senior population share that China gains relative to other countries might reduce its relative economic performance by about 1.15%. That’s not a huge number.
  • Now, if we look at the research, we find some estimates that are much larger than this — for example, Ozimek et al. (2018) look at specific industries and specific U.S. states, and find an effect on productivity that’s three times as large as the total effect on growth that I just eyeballed above. Maestas et al. (2022) look at U.S. states, and also find a larger effect. But Acemoglu and Restrepo (2017) look across countries and find no effect at all.
  • On top of that, there are plenty of things a country can do to mitigate the effects of aging. One is automation. China is automating at breakneck speed,
  • A second is having old people work longer; China, which now has higher life expectancy than the U.S., is well-positioned to do this.
  • Finally, aging will prompt China to do something it really needs to do anyway: build a world class health care system
  • this would help rectify the internal imbalances that Michael Pettis always talks about, shifting output from low-productivity real estate investment toward consumption.
  • if not aging, the only other big dangers to China are war and climate change.
  • To realize its full potential, Altasia will need integration — it will need some way to get Japanese and Korean and Taiwanese investment and technology to the vast labor forces of India, Indonesia, and the rest
  • the most likely outcome is that China sits at or near its current peak of wealth, power and importance through the middle of this century at least.
  • Altasia has more people and arguably more technical expertise than China. And it’s the only alternative location for the Asian electronics supercluster.
  • War was the big mistake that Germany made a century ago, so let’s hope China doesn’t follow in its footsteps.
  • The story of whether and how that complex web of investment, tech transfer, and trade develops will be the next great story of globalization.
  • But I think the very complexity of Altasia will lead to its own sort of adventure and excitement.
  • for Western companies looking for new markets, Altasia will potentially be more exciting than China ever was. The Chinese market delivered riches to some, but the government banned some products (especially internet services) and stole the technology used to make others. Ultimately, China’s billion consumers turned out to be a mirage for many. The economies and societies of Altasia, in comparison, are much more open to foreign products.
Javier E

Opinion | In Nagorno-Karabakh, We Just Saw What the World Is About to Become - The New York Times - 0 views

www.nytimes.com/...no-karabakh-russia-turkey.html

decline superpower emboldened regional powers turkey iran india USSR russia

shared by Javier E on 09 Oct 23 - No Cached
  • despite appearances, the conflict is not a Samuel Huntington-style clash of civilizations. Instead, in its emboldening of traditional regional powers like Turkey, scrambling for geopolitical spoils after the retreat of superpowers, it’s a harbinger of the coming world disorder.
  • In the chaotic aftermath of Soviet collapse, the Armenians undertook to defend Nagorno-Karabakh by force. Instead of poetic intellectuals, the wartime generation of Armenian leaders became militia commanders. They proved earthier and, soon, brazenly corrupt. Defending the country became their sole means of legitimacy, ruling out the concessions that peace would require. By 1994 the Armenians, mobilizing around the traumatic memories of genocide, succeeded in expelling scores of Azeris from the enclave. Last month, Azerbaijan got more than even.
  • In that project, it had a powerful backer: Turkey. President Recep Tayyip Erdogan, a master of vertiginous visions, has already tried Islamic liberalism, joining Europe, leading the Arab revolts, challenging Israel and negotiating peace in Ukraine. He now has another dream: opening a geopolitical corridor from Europe through Central Asia, all the way to China. This is the “Zangezur corridor,” a 25-mile-long strip of land to be carved through Armenia as part of a peace deal imposed at gunpoint.
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  • Surprisingly, Iran is not happy with Azerbaijan’s victory. As openly as the Iranians ever do, they’ve threatened to use force against any changes to the borders of Armenia. Iran, a millenniums-old civilization central to a whole continent, cannot tolerate being walled off behind a chain of Turkish dependencies. India, similarly, is on Armenia’s side and has been sending a regular supply of weapons. One spur for such support, no doubt, is Pakistan’s joining the Azeri-Turkish alliance. In the jargon of American lawyers, this opens a whole new can of worms.
  • Then there’s Russia, whose absence from the denouement in Nagorno-Karabakh was striking. Even after the 1990s, Moscow still remained by far the biggest supplier of weapons to both Armenia and Azerbaijan. Their economies and societies, above all the elites and their corruption networks, were until very recently molded together. What we are seeing now, as both nations slip out of Russia’s orbit, might be the second round of Soviet collapse.
  • Once again, Armenia started the shift. In spring 2018 a tremendously hopeful uprising, reminiscent of 1989 in Central Europe, forced the post-communist elites to surrender power. Vladimir Putin was visibly displeased to meet Nikol Pashinyan, the anticorruption journalist and street rebel elected Armenia’s premier by an overwhelming majority. Mr. Pashinyan admittedly had neither political team nor experience; he is learning statesmanship on the job, often at great expense to his nation. Yet he managed to significantly reduce corruption, helping to unlock the legendary entrepreneurship of Armenians. Amid all the grim news, the Armenian economy, led by the I.T. sector, is registering impressive growth.
  • History has a habit of serving the same lessons with changed variables. In 1988, it was the dreamer Gorbachev stumbling over Nagorno-Karabakh that unwittingly shattered the world order. Today, Mr. Putin could become the second, much darker incarnation of the Kremlin aggrandizer going awry on all fronts. The consequences — from emboldening international aggression to reanimating the West under the banner of NATO — will be profound. As events in Nagorno-Karabakh show, the fragile post-Cold War order is giving way to something else entirely.
  • The Caucasus might seem strange and distant. Yet it might prove the wedge that turns the fortunes of world order. Trieste, Smyrna, Sarajevo, Danzig and Crimea were all such places. Let us not have to relearn history at the cost of yet another ethnic cleansing
Javier E

This is what a 'multipolar' world looks like. It's chaos | The Spectator - 0 views

www.spectator.co.uk/...lar-world-looks-like-its-chaos

multipolar rules-based world order hamas israel enlightenment culture politics history crisis

shared by Javier E on 15 Oct 23 - No Cached
  • The Hamas terror attack has triggered war in Gaza, a geopolitical crisis and now – from Sydney to New York City – outbursts of street-level anti-Semitism in the West. Unless it de-escalates quickly, it looks like a strategic turning point both for Palestinian nationalism and Israel
  • though I am no expert on the region, I can throw some concreteness into the current battle of abstractions.
  • But the international community has a right to demand proportionality, restraint, respect for international law, and condemn breaches of it. President Biden last night was right to emphasise the need for lawfulness.
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  • Let’s start with the obvious: Israel has a right to defend itself, rescue the hostages, arrest and prosecute Hamas and engage in lawful armed combat with its enemy.
  • People claiming the Hamas attack is the ‘violence of the oppressed’ are deluded. Hamas rules Gaza like a mafia state: its operatives walk around neighbourhoods in twos, dressed in dark suits, prying into people’s business. They run the place on a mixture of terror, public service provision and the kudos of their fighters.
  • They are feared but there is widespread disrespect for them, especially among secular and nationalist sections of the population.
  • Paradoxically, the western ‘anti-imperialists’ trying to apologise for the terror attack, and the Israeli right calling for retribution against civilians, both need to identify Hamas with the Palestinian population of Gaza in order to justify violence. But there is no basis for doing so.
  • The fact that a violent action takes place in the context of a wider oppression does not make it either (a) just (b) lawful under international law or c) effective in pursuit of social justice.
  • In this case, Hamas’s act of terror looks set to achieve the opposite.
  • What does Hamas want?
  • Hamas has offered a truce and asked for negotiations, stating that it has ‘achieved its objective’. If so, it’s logical to conclude that the immediate objective was to demonstrate proof-of-concept of an unstoppable pogromist terror. Do as we ask or we do this again, might be a fair summary.
  • The wider aim, according to numerous experts, is to force Hamas and Iran back into the power-broking process in the Middle East region, paralysing Saudi-Israeli rapprochement.
  • The firm view of the Islamic Republic is that the governments that are gambling on normalizing relations with the Zionist regime will suffer losses. Defeat awaits them…Today, the situation of the Zionist regime is not a situation that encourages closeness to it. They [other governments] should not make this mistake. The usurper [Zionist] regime is coming to an end.
  • Hamas could only achieve the aim of ending Saudi-Israeli rapprochement with an attack designed to trigger massive retribution, risking a regional all-out war.
  • there’s a line in Khamenei’s 3 October speech that, in retrospect looks explanatory: Thus, [the Zionists] are filled with grudge. They are filled with anger! Of course, the Quran exclaims: “Say, “die of your rage!” (3:119). That’s right. Be angry, and die of your rage. And this will happen. They are dying. With God’s help, this matter of ‘die of your rage’ is happening now as regards the Zionist regime.
  • ‘Die of your rage’ might actually be a good summary of what Hamas intends Israel to now do.
  • Enraged by the barbarity of the attacks, Israel unleashes unprecedented collective punishment against Gaza, triggering both Hezbollah and West Bank militants to join in the fight; this in turn prompts a wave of anti-Semitic demonstrations in western cities, and draws the USA into a regional quagmire, testing the limits of American support for Israel
  • Meanwhile combat losses, and retribution over the complete failure of Netanyahu’s strategy of ‘managing’ the conflict, raise political divisions in Israeli society to the point where its democracy fails.
  • In a context where both Russia and China have complex hybrid destabilisation operations going on in western democracies, and where the Brics+ project is pursuing the active decomposition of the rules-based order, this objective does not look as mad as at first sight.
  • the ‘multipolar world’ turns out not to be one of peaceful coexistence, but characterised by extreme conflicts and genocide.
  • In pursuit of systemic competition Beijing and Moscow are scraping at every open wound in the body geopolitic
  • it’s what you get when you purposefully dismantle an international order based on treaties and explicit rules. And where elites in Russia, the USA, Brasil and parts of Europe are openly experimenting with ethno-nationalist politics.
  • Chaos, then, is a feature of multipolarity, not a bug.
  • Israel has signalled its military objective is to destroy Hamas. From my experience in Gaza I would say: that is possible.
  • But be in no doubt. It will need a sustained urban combat operation, a long-term military occupation, massive loss of civilian life, an existential refugee crisis in Sinai, and the diversion of US-supplied ammunition and resources from Ukraine.
  • Attempting it with a largely conscript/reservist army, full of recently mobilised and enraged soldiers? Again it’s worth remembering Khamenei’s exhortation to Israelis to ‘die of your rage’.
  • The very impossibility of all these outcomes shows why we need an internationally mediated peace, alongside a functional two-state solution, which allows the people of Gaza to live in peace, exercise democracy and travel across borders.
  • not only will liberal sympathy for Israel evaporate, but the Muslim minorities in some Western countries will be radicalised.
  • Typically, from my experience, combat in Gaza takes the following form. There is a street with children playing at one end; in the middle it is eerily deserted; at the other end is the IDF and above is an IDF drone. But there is no front line. The mujahedeen are in tunnels, popping up to take sniper shots or lay IEDs at night, and only committing ATGMs once a vehicle comes into view. The only front line is, for most of the time, between the IDF and Palestinian civilians.
  • Both sides risk miscalculating. Hamas does not care what happens to Palestinian civilians in Gaza, many of whom hate Hamas.
  • But there is a danger of miscalculation for Israel too. Netanyahu’s far-right government completely missed the threat, actively stoked tensions in the West Bank and Al Aqsa, and could easily now double down on a self-destructive course.
  • Ultimately, you cannot hold two million people in an open air prison without a gaoler to keep order. If Hamas can’t do it, the IDF will have to be a permanent occupation force, or it will have to install the PA, or the UN will have to send a stabilisation force.
  • Danger of miscalculation
  • The Brics+ ideology
  • The Gaza crisis is the latest example of how the Russian/Chinese ‘multipolar world’ project works in practice. It doesn’t matter whether there is a chain of command that goes Moscow→Tehran→Hamas. There is a chain of understanding – seize every opportunity to militarise all conflict; exploit every unexpected breakthrough; make all violence symbolic; weaponise the information space and push conflict into the heartlands of ‘imperialism’.
  • the Brics+ ideology. Its central tenets are that a multipolar world is better than the charter system; that universalism and international law are over; that the West no longer has the right to use the structures of international governance to normalise concepts like democracy or human rights; and that everything that disorganises the rules-based order is progressive, even when carried out by reactionary political forces.
  • Arab nationalism no longer looks like the dominant ideology on the demonstrations we’ve seen in Sydney, London and NYC. Alongside it there’s a mixture of Islamism plus the ‘decolonisation’ agenda of postmodernist academia.
  • For the past two years, during the Ukraine war, this incipient red-brown ideology has been mostly contained:
  • with this conflict there is now a danger that the masses turn up, and are corralled into this emergent fusion of far-left/far-right politics.
  • I’ve spent the period post-2016 trying to equip the democratic left to defeat this ideology. It’s not about being ‘anti-woke’, or apologising for colonialism: it means teaching people that a cocktail of anti-humanism, anti-universalism and anti-rationality is a route to excusing the totalitarian states in Russia and China, and – now – the genocidal actions of their proxies.
  • A case study of this is the statement issued by 31 Harvard student groups saying they ‘hold the Israeli regime entirely responsible for all the unfolding violence’ – just hours after the Hamas attack began.
  • the global left is rapidly splitting into irreconcilable camps – as Edward Thompson recognised it would, under the influence of post-structuralism in the 1970s.
  • The logical implication is that Palestinians have no agency whatsoever. That Hamas murders civilians because Israel has ‘structured’ Palestinian reality to make that inevitable. For people presumably wedded to ‘decolonising’ the curriculum, it is a shockingly colonialist premise.
  • The logic is that Israel is responsible for everything Hamas does because its violence has ‘structured every aspect of Palestinian existence’ since the Nakba.
  • There are many civilisations, and none is superior or inferior to another. They are equal since each civilisation represents a unique expression of its own culture, traditions, and the aspirations of its people.
  • In a way, what Putin preaches is an ‘intersectionality of the peoples’: identity politics raised from the level of the individual to the level of the ethnic group.
  • And it turns out anti-Enlightenment leftism makes it pretty easy to converge with that view. The common assumptions are disdain for universalism, scorn for international law and human rights, repudiation of the Enlightenment (and thus liberalism, social democracy, humanistic Marxism and anarchism) and worship of any totalitarian government that delivers economic development.
  • This is the modern incarnation of Stalinism, and – to the surprise of nobody who has studied actual Stalinism – it has no problem seeing fascists like Hamas as the ‘agent of progress’.
  • we need to understand how closely this hyper-deterministic and anti-universal world view maps onto the ideology presented, for example, by Putin at Valdai last week. For Putin there is no single human civilisation, only civilisations, which must be rooted in ethnicity establish their co-existence through the survival of the fittest:
  • One camp, he said, is a theology. The other a tradition of active reason. The first repudiates liberalism and universalism. The second recognises its debt to liberalism and wants to make universalism consistent
  • The first claims international law is a sham; the second knows that, though the institutions of the rules-based order are flawed, they are better than chaos.
  • that you can stand with the Israeli people under attack while simultaneously standing up for the Palestinian people’s right to self-determination.
  • Those flaunting their joy at the murder of Israeli civilians need to understand the licence this creates in the minds of rightwing ethno-nationalists in our own society. What Hamas did to the kids of Kfar Azar, the far right wants to do to you.
Javier E

Germany isn't turning its back on NATO. It only looks that way. - The Washington Post - 0 views

www.washingtonpost.com/...ny-ukraine-weapons-nato-russia

germany foreign policy

shared by Javier E on 06 Feb 22 - No Cached
  • What some commentators abroad see as appeasement, cowardice and the triumph of economic interests over security concerns, many Germans see as a grown-up, sensible and conciliatory approach to foreign policy. (A recent poll found that 59 percent of Germans supported the decision not to send arms to Kyiv.) Germans view themselves as enlightened, having moved beyond power politics, the national interest and militarism.
  • The idea of deterrence, or of the military being an element of geopolitical power needed for strong diplomacy, is foreign to most German citizens.
  • y she is referring to. They read the 20th century, and 1933-1945 in particular, as a lesson in the evils of geopolitics and militarism, and they internalized the post-1989 “end of history” narrative better than anyone else.
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  • In a debate about the Russia-NATO standoff carried by my local German radio station, the dominant view was that de-escalation and diplomacy are what’s needed, with one listener commenting, “I am against weapons in general,” and another warning that nobody should talk about war since, “If you talk about something, it becomes possible.”
  • After the end of the Cold War, Germany spent decades insulated from the harsh world of power politics; most Germans believed that countries were converging toward a system that marginalized military power and favored economic power and legal proceedings. Now that great power competition and military conflicts are back, Germany does not know what to do.
  • Many decision-makers and voters in Germany remain deeply committed to the hope that all conflicts can be solved through dialogue under international law and international organizations such as the United Nations — as if all conflict resulted from misunderstandings instead of competing interests.
  • In a 2020 poll, only 24 percent of Germans said they considered that under some circumstances war could sometimes be necessary to achieve justice, while over 51 percent said war is never necessary.
  • Nonetheless, an increasing number of Germans are beginning to argue that one might also draw a different lesson from history — such as that it is not a good idea to try to appease aggressors.
Javier E

Chartbook-Unhedged Exchange: China under pressure, a debate - 0 views

adamtooze.substack.com/...rtbook-unhedged-exchange-china

china crisis policy politics economics history analysis options strategy

shared by Javier E on 24 Mar 22 - No Cached
  • China’s investment-driven, debt-heavy development model needs replacement. Its geopolitical and economic position will become more precarious if the globe’s authoritarian and liberal democratic blocs decouple, a threat made vivid by the war in Ukraine. Its demographics will be a drag on growth
  • Adam sees reasons for hope:
  • Similarly, the Chinese state’s recent intervention in the tech sector, while it has led to market volatility, is aimed at doing exactly what western regulators want to do, but can’t seem to do: stop huge companies from extracting monopoly rents from the economy. 
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  • China’s technocrats have, to date, demonstrated competence in managing the economy’s imbalances.
  • we think China’s underlying growth story is coming to an end as the country’s economic imbalances become unsustainable and global decoupling picks up steam. The volatility and low valuations, on the other hand, are likely here to stay. 
  • “On balance,” Adam sums up, “If you want to be part of history-making economic transformation, China is still the place to be.”
  • The third point is where we disagree. We just don’t see China as having any good options for maintaining strong growth. 
  • Mainland China has delivered significant extra returns -- 87 basis points a year more than the mighty S&P -- for anyone willing to hack the wild volatility
  • Replace bad investment with domestic consumption. 
  • What imbalances are we talking about? In crude summary, China’s growth has been driven by debt-funded investment, especially in property and infrastructure. The problem is that the returns on these investments are in fast decline, even as debt continues to build up.
  • This can’t go on forever. Eventually, you have all the bridges, trains, airports and apartment blocks you need, and the return on new ones falls below zero (How do you know that you have arrived at that point? When you have a financial crisis).
  • The problem is that without a healthy consumer, China’s only real options to create growth are investment and exports -- and at the same time as return on internal investments are declining, the rest of the world, led by the US, are increasingly wary of dependence on Chinese exports. 
  • What are China’s policy options? Broadly, there are five, as Micheal Pettis explained to us:
  • Stay with the current model.
  • Beijing has policy options.
  • Replace bad investment in things like infrastructure and real estate with good investment in things like tech and healthcare.
  • Replace bad investment with (even) move exports and a wider current account surplus.
  • Just quit it with the bad investment. 
  • we think that options 1 and 5 are not really options at all. The current model will lead to a financial crisis as return on investment falls further and further behind the costs of debt. Simply ceasing to overinvest in infrastructure and real estate, without changing anything else, will simply kill growth. 
  • Option 2 might be summed up -- as Jason Hsu of Ralient Global Advisors summed it up to us -- as China becoming more like Germany.
  • The idea is that China would steer more and more money away from real estate and towards high value-add sectors from biotech to chip manufacturing. 
  • The problem with option 2 is that investment is such a huge part of the Chinese economy that it is difficult to see how that the capital could be efficiently allocated to the country's tech-heavy, high value-add sectors, which are comparatively small
  • The most promising Chinese firms are swimming in capital as it is. And developing productive capacity isn't just about capital. It takes things the state can't rapidly deploy, like knowhow and intellectual property.
  • Option 3 is more promising. China could start, as Adam suggests, by building up a proper welfare safety net. But it is reasonable to expect pretty serious social and institutional resistance to this sort of mass redistribution.
  • why hasn’t China increased its welfare state until now? Longtime China watcher and friend of Unhedged George Magnus suggests it is because of a deep bias in the Chinese policy establishment. “It’s how Leninist systems operate: they think production and supply are everything … if you see a demand problem as a supply problem, you get the wrong answers.”
  • Option 4, increasing exports’ share of China’s economy even further, may be in the abstract the most appealing. But it runs directly into the fact that both China and the US and its allies have reasons to reduce mutual dependence on their economies.
  • The emergence of geopolitical divisions between the west, on the one hand, and Russia and China, on the other, will put globalisation at risk. The autocracies will try to reduce their dependence on western currencies and financial markets. Both they and the west will try to reduce their reliance on trade with adversaries. Supply chains will shorten and regionalise… 
  • Russia must remain a pariah so long as this vile regime survives. But we will also have to devise a new relationship with China. We must still co-operate. Yet we can no longer rely upon this rising giant for essential goods. We are in a new world. Economic decoupling will now surely become deep and irreversible.
  • In all, the most likely scenario is that China’s growth just keeps slowing. That does not mean that investors in China will necessarily lose money. But it does suggest that generic China exposure -- simply owning Chinese equity or credit indices -- is going to be a losing proposition in the long-term
Javier E

Opinion | Climate Change, Deglobalization, Demographics, AI: The Forces Really Driving Our Economy - The New York Times - 0 views

www.nytimes.com/...aphics-deglobalization-ai.html

climate change forces economy demographics politics culture crisis economics modeling survival

shared by Javier E on 27 Mar 23 - No Cached
  • Economists tried to deal with the twin stresses of inflation and recession in the 1970s without success, and now here we are, 50 years and 50-plus economics Nobel Prizes later, with little ground gained
  • There’s weirdness yet to come, and a lot more than run-of-the-mill weirdness. We are entering a new epoch of crisis, a slow-motion tidal wave of risks that will wash over our economy in the next decades — namely climate change, demographics, deglobalization and artificial intelligence.
  • Their effects will range somewhere between economic regime shift and existential threat to civilization.
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  • For climate, we already are seeing a glimpse of what is to come: drought, floods and far more extreme storms than in the recent past. We saw some of the implications over the past year, with supply chains broken because rivers were too dry for shipping and hydroelectric and nuclear power impaired.
  • As with climate change, demographic shifts determine societal ones, like straining the social contract between the working and the aged.
  • We are reversing the globalization of the past 40 years, with the links in our geopolitical and economic network fraying. “Friendshoring,” or moving production to friendly countries, is a new term. The geopolitical forces behind deglobalization will amplify the stresses from climate change and demographics to lead to a frenzied competition for resources and consumers.
  • The problem here, and a problem broadly with complex and dynamic systems, is that the whole doesn’t look like the sum of the parts. If you have a lot of people running around, the overall picture can look different than what any one of those people is doing. Maybe in aggregate their actions jam the doorway; maybe in aggregate they create a stampede
  • if we can’t get a firm hold on pedestrian economic issues like inflation and recession — the prospects are not bright for getting our forecasts right for these existential forces.
  • The problem is that the models don’t work when our economy is weird. And that’s precisely when we most need them to work.
  • Economics failed with the 2008 crisis because economic theory has established that it cannot predict such crises.
  • A key reason these models fail in times of crisis is that they can’t deal with a world filled with complexity or with surprising twists and turns.
  • The fourth, artificial intelligence, is a wild card. But we already are seeing risks for work and privacy, and for frightening advances in warfare.
  • we are not a mechanical system. We are humans who innovate, change with our experiences, and at times game the system
  • Reflecting on the 1987 market crash, the brilliant physicist Richard Feynman remarked on the difficulty facing economists by noting that subatomic particles don’t act based on what they think other subatomic particles are planning — but people do that.
  • What if economists can’t turn things around? This is a possibility because we are walking into a world unlike any we have seen. We can’t anticipate all the ways climate change might affect us or where our creativity will take us with A.I. Which brings us to what is called radical uncertainty, where we simply have no clue — where we are caught unaware by things we haven’t even thought of.
  • This possibility is not much on the minds of economists
  • How do we deal with risks we cannot even define? A good start is to move away from the economist’s palette of efficiency and rationality and instead look at examples of survival in worlds of radical uncertainty.
  • In our time savannas are turning to deserts. The alternative to the economist’s model is to take a coarse approach, to be more adaptable — leave some short-term fine tuning and optimization by the wayside
  • Our long term might look brighter if we act like cockroaches. An insect fine tuned for a jungle may dominate the cockroach in that environment. But once the world changes and the jungle disappears, it will as well.
Javier E

Opinion | Biden's course correction on China is smart and important - The Washington Post - 0 views

www.washingtonpost.com/...den-china-trade-policy-caution

china us rivalry threat

shared by Javier E on 21 Apr 23 - No Cached
  • French President Emmanuel Macron might have been too blunt about his worries about Europe becoming a “vassal” of the United States, but his views are in fact widely shared in Europe and beyond. The war in Ukraine has hurt Europe by raising its energy costs while benefiting the United States, which is the world’s top producer of hydrocarbons and sells many at low cost. European companies are shifting investment to the United States, lured in part by the Inflation Reduction Act’s generous subsidies. A German CEO said to me recently, “You cannot expect us to forgo cheap Russian energy as well as the Chinese market. That would be suicide for Europe.”
  • More broadly, if geopolitical tensions win out and economic ties continue to weaken, we will move into a very different world, marked by much greater chaos and disorder at every level. One sign of this can be seen in the impasse over debt restructuring. Dozens of the world’s most vulnerable economies are in or at high risk of debt distress. (Lebanon, for example, has been in default for three years.) Yet the International Monetary Fund cannot bail out these countries because China (which is one of the world’s largest creditors) cannot come to an agreement with Western nations on the terms of relief. The two sides blame each other and hundreds of millions of people suffer.
  • The last time two major world powers tried to manage a relationship of economic interdependence and rising geopolitical rivalry was Britain and Germany in the period from the 1880s to 1914. That experiment ended very badly, with a war that destroyed much of the industrialized world. Both sides should try to ensure we do better this time
Javier E

Opinion | A Titanic Geopolitical Struggle Is Underway - The New York Times - 0 views

www.nytimes.com/...israel-gaza-war-ukraine.html

politics history policy global foreign policy world order

shared by Javier E on 25 Jan 24 - No Cached
  • There are many ways to explain the two biggest conflicts in the world today, but my own shorthand has been that Ukraine wants to join the West and Israel wants to join the Arab East — and Russia, with Iran’s help, is trying to stop the first, and Iran and Hamas are trying to stop the second.
  • They reflect a titanic geopolitical struggle between two opposing networks of nations and nonstate actors over whose values and interests will dominate our post-post-Cold War world — following the relatively stable Pax Americana/globalization era that was ushered in by the fall of the Berlin Wall in 1989 and the collapse of the Soviet bloc, America’s chief Cold War rival.
  • On one side is the Resistance Network, dedicated to preserving closed, autocratic systems where the past buries the future. On the other side is the Inclusion Network, trying to forge more open, connected, pluralizing systems where the future buries the past.
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  • China under President Xi Jinping straddles the two networks, along with much of what’s come to be called the global south. Their hearts, and often pocketbooks, are with the Resistors but their heads are with the Includers
  • These wars very much are our business — and now clearly inescapable, since we’re deeply entwined in both conflicts. What’s crucial to keep in mind about America — as the leader of the Inclusion Network — is that right now we’re fighting the war in Ukraine on our terms, but we’re fighting the war in the Middle East on Iran’s terms.
  • CNN recently described, per a source familiar with it, a declassified U.S. intelligence assessment provided to Congress saying that Russia had lost 87 percent of its preinvasion active-duty ground troops and two-thirds of its tanks that it had prior to its invasion of Ukraine. Putin can still inflict a lot of damage on Ukraine with missiles, but his dream of occupying the whole country and using it as a launching pad to threaten the Inclusion Network — particularly the NATO-protected European Union — is now out of reach. Thank you, Kyiv.
  • At a breakfast with NATO leaders devoted to the Ukraine issue at Davos this year, Canada’s deputy prime minister, Chrystia Freeland, noted that it is we, the West, who should be thanking the Ukrainians, not forcing them to beg us for more weapons.
  • “What Putin wants is to transform the world order” that evolved since World War II and the post-Cold War — where “the competition between nations was about who can be richer and who can help their people prosper the most . … Putin hates that world because he loses in that world — his system is a loser in a peaceful, global, wealth-enhancing paradigm. And so what he wants is to move us back to dog-eat-dog, to a 19th-century, great power competition, because he thinks he can, if not win, be more effective there. … Let’s not think that this is a Ukrainian problem; this is a problem for us all.”
  • the Resistance Network “is orchestrated by Iran, Islamists and jihadists” in a process they refer to as the “unity of battlefields.” This network, he noted, “seeks to bridge militias, rejectionists, religious sects and sectarian leaders,” creating an anti-Israel, anti-American, anti-Western axis that can simultaneously pressure Israel in Gaza, in the West Bank and on the Lebanon border — as well as America in the Red Sea, in Syria and in Iraq and Saudi Arabia from all directions.
  • In stark contrast, Koteich said, stands the Inclusion Network, one that’s focused on “weaving together” global and regional markets instead of battlefronts, business conferences, news organizations, elites, hedge funds, tech incubators and major trade routes. This inclusion network, he added, “transcends traditional boundaries, creating a web of economic and technological interdependence that has the potential to redefine power structures and create new paradigms of regional stability.”
  • things are different in the Middle East. There, it is Iran that is sitting back comfortably — indirectly at war with Israel and America, and sometimes Saudi Arabia, by fighting through Tehran’s proxies: Hamas in Gaza, the Houthis in Yemen, Hezbollah in Lebanon and Syria, and Shiite militias in Iraq.
  • Iran is reaping all the benefits and paying virtually no cost for the work of its proxies, and the U.S., Israel and their tacit Arab allies have not yet manifested the will or the way to pressure Iran back — without getting into a hot war, which they all want to avoid.
  • The members of the Resistance Network are great at tearing down and breaking stuff, but, unlike the Inclusion Network, they have shown no capacity to build any government or society to which anyone would want to emigrate, let alone emulate
  • For all of these reasons, this is a moment of great peril as well as great opportunity — especially for Israel. The competition between the Resistance Network and the Inclusion Network means that the region has never been more hostile or more hospitable to accepting a Jewish state.
grayton downing

Iran Says It Offers New Plan for Nuclear Program - NYTimes.com - 0 views

www.nytimes.com/...ing-irans-nuclear-program.html

iran nuclear weapons politics

shared by grayton downing on 06 Apr 13 - No Cached
  • I do feel as if Iran has inevitably been drawing lessons from how the world is dealing with North Korea
  • Iran does not want to be viewed as an “irrational cult state” like North Korea,
  • They’re well aware of what North Korea has gotten away with. They see that North Korea elicits fear and significant geopolitical ballast because it has nuclear weapons.”
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  • “the confidence-building measure has to come from Iran.”
  • Iranians have asserted that their uranium enrichment activities are for civilian purposes and that AyatollahAli Khamenei, the supreme leader, issued a religious decree banning nuclear weapons in the country. Iran has also repeatedly argued that because it signed the Nuclear Non-Proliferation Treaty, its activities are by definition peaceful and legal.
James Flanagan

Russia Deploys Admiral Kuznetsov Carrier - Business Insider - 0 views

www.businessinsider.com/miral-kuznetsov-carrier-2013-6

syria middle east united states

shared by James Flanagan on 02 Jun 13 - No Cached
  • The Kremlin has upped the geopolitical ante by pledging to send a heavy aircraft carrier to the Mediterranean, as reported by Russian news agency Interfax
  • The warship holds several sea-based fighters and helicopters, missiles, anti-submarine systems and a crew of 2,000 people.
  • The carrier is the only one in Russia's fleet, so its deployment is an unmistakable signal of Moscow's seriousness about protecting their regional interests, some of which are directly tied to the fate of Syrian President Bashar al-Assad and the Syria port of Tartus.
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  • In November Russia sent six warships from its Black Sea Fleet to the Mediterranean in response to the Israel-Gaza conflict. That month the U.S. also began making moves to increase the American military presence in the east Mediterranean.
  • In May a detachment from Russia’s Pacific Fleet entered the Mediterranean waters for the first time since the Cold War.
ethanmoser

Germany Inc. Sits on $500 Billion in Cash Amid Weak Outlook - WSJ - 0 views

www.wsj.com/...sh-as-outlook-sours-1477387563

germany billion cash economics europe

shared by ethanmoser on 28 Oct 16 - No Cached
  • Germany Inc. Sits on $500 Billion in Cash Amid Weak Outlook
  • German companies are sitting on a half-trillion dollars of cash but are reluctant to invest it in their own country, potentially threatening the country’s competitive edge and European economic growth.
  • Germany’s nonfinancial businesses have saved more than they have invested for the past seven years, piling up about €455 billion ($500.4 billion) in cash and deposits, German central bank data show.
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  • Executives blame their reticence on a weak global economic outlook, regulatory uncertainties and geopolitical risks.
abbykleman

Philippine Leader Rodrigo Duterte Rolls Dice With Embrace of China - 1 views

www.wsj.com/...th-embrace-of-china-1476639455

shared by abbykleman on 16 Oct 16 - No Cached
  • abbykleman on 16 Oct 16
     
    President Rodrigo Duterte aims to upend the delicate geopolitics of the South China Sea during a state visit to Beijing this week, gambling that pulling away from the U.S. will reset the strategic calculus in Southeast Asia in his poor country's favor.
ethanmoser

Kremlin counts days to Trump's inauguration, blasts Obama | Fox News - 0 views

www.foxnews.com/...inauguration-blasts-obama.html

putin trump russia usa obama syria hacking

shared by ethanmoser on 16 Jan 17 - No Cached
  • Kremlin counts days to Trump's inauguration, blasts Obama
  • Exulted by Donald Trump's victory in the U.S., the Kremlin is counting the days to his inauguration and venting its anger at Barack Obama's outgoing administration, no holds barred.
  • Trump's open admiration of Putin has brought wide expectations of improved Moscow-Washington relations, but Trump has not articulated a clear Russia policy.
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  • Careful not to hurt chances for a thaw in U.S.-Russia relations, President Vladimir Putin and other Russian officials have deferred questions about their plans for future contacts with Trump and any agenda for those talks until he takes office on Friday.
  • His Cabinet nominees include both a retired general with a hawkish stance on Russia and an oil executive who has done extensive business in Russia.
  • Moscow calls Obama's team a "bunch of geopolitical losers" engaged in a last-ditch effort to inflict the maximum possible damage to U.S.-Russia ties to make it more difficult for Trump to mend the rift.
  • While Putin and his lieutenants hope Trump will open up to Russia, they know any attempt to fix ties will face massive obstacles, including possible strong resistance in the U.S. Congress.
  • The complexity of the conflict in Syria — where opposition groups backed by regional players are pitted against Assad's troops and often fight each other — makes hopes for quick progress elusive.
  • Putin has pushed for the U.S. to recognize Moscow as an equal global heavyweight and to acknowledge that Russia's ex-Soviet neighbors are in its sphere of "vital interests" — demands rejected by the West. Many in Russia hope that Trump could be more inclined to strike a "grand bargain" with Putin, carving up spheres of influence and helping cement Russia's role as a global power.
  • U.S. intelligence officials' accusations that Russian hackers — acting on Putin's orders — interfered into the vote to help Trump win have put the U.S. president-elect in a difficult position. Trump has grudgingly conceded that Russia was likely responsible for hacking the Democratic National Committee, but emphasized there was no evidence that hacking affected the U.S. election results. The Kremlin has rejected the hacking accusations and also hotly denied reports that it has collected compromising information about Trump.
  • Obama's administration still has a few days left to "destroy the world," Zakharova wrote.
Javier E

Trump's patriotism on steroids will put America last - The Washington Post - 0 views

www.washingtonpost.com/...6-acdf-14da832ae861_story.html

trump patriotism isolationism America First nationalism culture politics crisis

shared by Javier E on 21 Jan 17 - No Cached
  • his aggressively pronounced policy of America First will actually result in America Last — not literally last, but declining in power and prestige because the United States no longer views its role in the world as promoting economic and geopolitical stability for our allies.
  • , he imagines a world in which the United States takes what it can and worries about others only as an afterthought. What does he expect other countries to do? The answer is obvious. They will act more aggressively in their own selfish interests, leading to a further disintegration of post-World War II economic and political alliances.
  • It is comforting to think that our most serious economic problems stem from our being too generous — or not tough enough — with foreigners. It exonerates us from most responsibility for our own faults and dictates that the remedy of being too soft is to be more hard-nosed. Simple.
  • ...10 more annotations...
  • If the leader of these arrangements — the United States — now forsakes them, other countries will look to make new economic and security arrangements, with China and Russia as leading alternatives.
  • A changing world economic order will generate enormous uncertainty, as other countries rush to protect their markets from competitors. Companies may reduce investment spending, which is already weak. Slower economic growth, or outright recessions, will make it harder for governments and companies to service their high debts. This would further darken prospects for the global economy.
  • It’s patriotism on steroids: America’s economic problems are caused largely by foreigners, aided by footloose U.S. multinationals. They have taken our jobs, flooded the country with immigrants and cost us trillions of dollars in overseas military spending.
  • for decades, they and we have identified self-interest with collective commitments to global commerce and military cooperation.
  • In truth, most of our serious economic problems are homegrown.
  • Consider. Chicago’s high murder rate is not the result of Chinese imports. The often-dreary performance of our schools for minority students is not a consequence of a strong dollar on foreign exchange markets. The 2008-2009 financial crisis did not have foreign roots.
  • The United States’ budget deficits aren’t caused by Russia’s warmongering.
  • . It’s true that open trade, championed by the United States, created a framework conducive to other countries’ success, but mostly they created their own wealth.
  • . It’s a formula for America’s decline on the world stage and runs enormous risks of destabilizing the global economy. For the first time since World War II, an American president has made isolationism the political centerpiece of his administration.
  • this illuminates the dilemma Trump has created for himself. The full implications of what he’s proposed, if implemented, would be disastrous. But if he retreats significantly, he may alienate many of his fervent followers, who will feel rightly that they’ve been betrayed.
Javier E

Donald Trump just forfeited in his first fight with China - The Washington Post - 0 views

www.washingtonpost.com/...-in-his-first-fight-with-china

trump trade non-tariff barriers world order diplomacy history policy obama

shared by Javier E on 24 Jan 17 - No Cached
  • the real reason to support the TPP wasn't economics so much as geopolitics. It was about keeping an economic foot firmly planted in China's backyard, and writing the trade rules so they couldn't.
  • this kind of logic was a part of almost all our trade deals the past 70 years. Initially, these were about setting a system to promote prosperity abroad so fragile postwar democracies could resist Communist pressure. But even after the Berlin Wall came down, they were still a way to not only open up markets, but also reward countries for reforming their economies like we wanted.
  • that was why NAFTA made more sense than any economic model would have told you. If we rejected Mexico's liberalizing government, it might have collapsed — and an anti-American one could have taken its place.
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  • he simple story is that we've already pushed tariffs about as low as they can go, and all that's left is to negotiate over non-tariff trade barriers
  • NAFTA really did move a decent chunk of our manufacturing base south of the border
  • And granting China Permanent Normal Trade Relations status in 2000 really did seem to give companies the confidence they needed to shift production there on a far larger scale than they had before, since they no longer had to worry about the risk of tariffs rising.
  • the era of big trade deals is over. And that was true even before Trump announced his candidacy before a raucous crowd of paid actors.
  • that's not to say that all trade deals are economically irrelevant. They aren't.
  • the problem is that those sorts of things — say, rules about intellectual property or government procurement — are what we used to think of as the sole province of domestic policy.
  • Which is why they can feel like they're infringing on a country's sovereignty.
  • The result is that these new trade deals are more difficult politically and less useful economically than previous ones.
  • what's changing with Trump is that we aren't even trying to lead on trade anymore. He doesn't see these deals as a way to win friends and influence people, but rather to win manufacturing jobs and influence his approval rating.
  • That might sound like common sense to some people, but it does leave an opening for other countries — yes, China — to negotiate where we're not. The risk, then, is that globalization might not proceed on our terms or with our values.
  • there's a greater danger. It's not that Trump won't make further progress on trade, but rather will backtrack on where we are. New trade deals might not help much, but unraveling old ones would hurt. At that point, we wouldn't have the luxury of worrying about whose globalization we had. The answer would be nobody's. And the whole world would be a little bit poorer.
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