Economists like to think of the wreckage caused by stock market downturns, widespread bankruptcies, and corporate downsizing as “creative destruction.” As it destroys the old and the dysfunctional, the capitalist system continually spurs innovation, much as a forest fire prepares the ground for new growth. Or so the representatives of the dismal science argue. Donald…
Is America, in lockdown, with 26 million unemployed and entering a new depression, up for a confrontation and Cold War with China? For that appears to be where the GOP wishes to lead us. According to Politico, a 57-page memo from Mitch McConnell’s senatorial committee instructs GOP candidates to blame the coronavirus pandemic on China,…
The rapid military-strategic inroads that India’s making with Vietnam should be taken very seriously by China because of the challenge that they pose to its claims over the South China Sea, thus representing yet another geopolitical fault line between the two BRICS and SCO “frenemies” in the New Cold War. *** One of the most…
The Hindu, one of India’s leading newspapers, reported that an unnamed Vietnamese diplomatic source briefed New Delhi about their country’s latest bilateral dispute with China in the South China Sea. The outlet has a history of publishing unconfirmed statements but is generally regarded as credible insofar as they’re not known to invent news out of…
American diplomats were trying to stir up trouble in Chinese-Vietnamese relations by making aggressive statements regarding Hanoi’s request that Beijing cease conducting seismic research in part of the South China Sea region that lies within the nine-dash line. A survey vessel entered the area earlier this month escorted by several coastguard ships, but Vietnam doesn’t…
Vietnam accused China of exploiting a loophole to mislabel its products as being made in the Southeast Asian country in order to get around the US’ recently imposed tariffs, with its Foreign Minister warning that urgent action is necessary in order to avoid retributive American tariffs and possibly setting a precedent for what other third-party…
