Tag Archives: China

If China Were Smart… | Firewall vs. FAANG | Markets Are Dumb 15

It’s amazing to me how much of the Security/geopolitics conversations happens around stuff that will never matter. The Pentagon and their pet think tanks and congresspeople are pushing the “New Cold War” with China because they know that it will keep the money rolling in. But it really doesn’t make sense. All the defense related crap we are buying will be superseded or sunk within the first month or so of an actual shooting war with China. Nobody really knows what such a war would look like, but it’s obvious to me that most of the trillions we spend on weapons will be wasted.

What I have done this week, and with last week’s video, is try to talk about areas of competition that actually matter. Diplomacy, Business, and the degree to which the rest of the world is still willing to put up with US hegemony are vastly more important factors in the resolution of this competition than almost anything that will happen in the South China sea. It’s the management of these other competition spaces that will determine whether war with China happens in the 2030s, the 2130s, or not at all. The Big Tech companies are another one of those great benefits, like the peace dividend at the end of the cold war, that we in the United States may be in the process of wasting. We should maybe spend a billion or two thinking about these companies strategically, among the trillions we’ll spend on useless weapons platforms. Today’s video is a place to start.

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Elon Musk vs. China | Starlink, Tesla, SpaceX and the New Cold War | Markets Are Dumb 14

Today’s video hints at something I’ve been thinking about a lot lately. We all know China’s great internet firewall as a source of great repression. But China’s maintenance of a separate national internet has also left it weirdly independent of the US tech giants that rule the internet everywhere else.

China has worked hard to co-opt the newest of the Tech behemoths, Elon Musk, the founder of Tesla and SpaceX. General Motors and other foreign car companies battled for decades to build up their competitive position in China. Musk was building a massive factory in China under favorable terms before he sold his millionth (100,000th?) car. China was wise to try to get this guy on their side, but as today’s video explains, it’s unlikely to work out well for them in the long term…

I’d like to make more videos in this vein, thinking through the outside power of tech companies and what it means for geopolitics, but that depends on how this video does. If you like it, share it around…

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Ladakh: China’s Missed Opportunity | India & The Border

Today’s video covers the India-China border dispute, which has gotten significantly more serious over the past 48 hours. I don’t have much to contribute to what’s happening on the ground, even the real reporters are having difficulty figuring that out. But the fact that China is embroiled in this lethal border dispute indicates a serious problem for the country.

China has missed an extraordinary opportunity. Now that I think of it, so have the Russians, the Chinese, and anybody else who has been set up as an enemy of the United States. Before this year he still had his defenders, but in June of 2020 there are few people who dispute that Donald Trump is the dumbest, weakest, and easiest to bribe president in US history. Yet after three and a half years of Trump’s time in power none of these legendarily so threatening actors have managed to do much at all to advance their interests. China, supposedly the country ready to supplant us, has managed to dig itself a massive hole geopolitically and financially. It’ almost as if we’re spending too much money on our military…

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No, China Is Not Winning the Pandemic | Coronavirus 6 | Markets Are Dumb 12

In the month since everybody woke up to what a disaster the Coronavirus pandemic is, it’s been interesting watching people use it as an excuse to push the same things they were already pushing. Conservatives, Socialists, Environmentalists and Nationalists, all of them are eager to tell you that this confirms everything they have been saying all along, and proves that their particular policy priorities should be enacted immediately. Some of them may be right. But one of the most important Washington, DC lobbies is looking a little silly right now. The Military Industrial Complex, that monstrosity that gets close to a trillion dollars a year to keep us safe… did nothing to stop the greatest calamity to befall the homeland since the war of 1812.

But this hasn’t stopped them from pretending that they are still relevant after this extraordinary failure. In alliance with a Trump administration that is desperate to find another scapegoat, they are calling for a deepening of the “New Cold War” against China. They seem to believe that China is “winning” the pandemic somehow. China had what looks like a competent public health response after all, and now it’s flying stuff all over the world to help other countries. Well today’s video is here to tell you that that suspicion is ridiculous. China is not winning this thing. In fact, they are likely to end up the biggest losers.

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Donald Trump: The Man Who Killed The World | Coronavirus 4

What a week! Today’s video deals with a troubling aspect of all this that hasn’t really begun to be reckoned with yet. Because of CDC and FDA screw-ups, and Trump’s campaign against acknowledging the disease, we are only now waking up to the fact that the United States probably harbors more cases of Coronavirus than any other country in the world, including China. This has probably been true for weeks, or maybe even a month. What this means is that our country has acted as a super spreader, sending this disease everywhere. We have the medical capacity to (hopefully!) keep this from being too much of a mass death event. Many of the countries we gave this disease to do not have that capacity. While Donald Trump has done the United States incredible damage with his mismanagement of this pandemic, he may have done even more to harm the rest of the world.

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Saudi Arabia Goes To War | Coronavirus 2 | Oil Endgame | Markets Are Dumb 11

This Coronavirus thing impacts everything. The oil market is no exception. I’ve committed to some pretty strong predictions about the future of the oil market and how it means the end of the current regime in Saudi Arabia. I still stand by all of those predictions, but it’s hard to say whether this current crisis accelerates the timeline, or slows it down. Starting March 6th, Saudi Arabia went to war against every other producer in the world.

I believe that the US oil industry will be the most prominent victim. The sustained period of low oil and gas prices we are about to experience may bring us to an inevitable future more quickly. Saudi Arabia will be the last oil producer. The crucial question remains the price at which they are able to sell that oil for. It’s now possible to envision a future where Saudi Arabia controls price again… but only briefly. Today’s video explains…

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2008 All Over Again? | Coronavirus 1 | Markets Are Dumb 10

I’m not kidding when I say I’ve been agonizing over Coronavirus for months. It’s really quite infuriating how hard it was to get good solid information. China looked terrifying. But all market and government sources in the US seemed pretty relaxed. A couple weeks back only the US government was relaxed, while media was waking up to the shock. It was only two weeks ago that the markets began to reflect what was happening. Now everybody is losing their shit, just as China seems to be recovering. It’s all a mess.

When it comes to history, I usually know as much or more than any journalist I am reading. That’s not the case with diseases and epidemiology. It seemed like everything I read contradicted the last thing I read, making it impossible for me to say anything definitive. Eventually I gave up on talking about the disease. It’s too late to warn folks, we are now at the crisis, which is what today’s video covers. I feel like I’ve kind of let the viewership down. I knew this was coming for a while now, but I’m only now adding to the panic pile with this video. Guess I should bone up on biology for the next plague.

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Algeria’s Military Regime Should Retire | Algeria 2

One of the best things about doing commentary on YouTube is the feedback. Tuesday’s video is the second installment of my series on Algeria. It covers a lot of the same territory as my first video on Algeria, which was mostly just an appreciation of the country’s amazing history. But by posting that first video, I got a ton of comments that helped to guide some reading on my part, that helped me form more confirmed opinions on the country and its history. Tuesday’s video has gotten some very flattering appreciation. A handful of Algerian commentators have pointed out that my coverage is worlds better than any other English language source. This is less a celebration of my work than an indication of how bad US coverage of the country is more generally. I read two books, one of which I don’t find particularly trustworthy, and read about 1,000 YouTube comments, half of which were one sentence critiques of my figures and my neglect of the Berber population. With just that, I was able to do a better job talking about the country than almost any English language journalist. I’m kind of proud of that, but it’s also pretty sad.

All that said, while I’ve gotten a few very positive comments on this video, I’ve gotten many more that are pretty negative. Now that I’m diving deeper into the politics of the country, and making opinions, I’ve triggered a negative reaction. But I take heart from the fact that most of what people are complaining about is my read on the politics of the moment, and what people think of the current president. Nobody is complaining about my take on the history leading up to this year anymore. And with my next video on Algeria, probably a year or so from now, I’ll be able to incorporate criticisms of others. Iterative analysis. I like it.

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Puerto Rico Is A National Security Issue

Puerto Rico should not be a partisan political issue in the United States. The Democrats contemplate the idea of Puerto Rican statehood with glee, imagining that the Spanish speaking public will automatically vote for their party. Donald Trump is using Puerto Rico as yet another stage for his performative racist bullshit. Both sides are missing out on how important the island is to US national security.

This is part of a troubling trend in US politics that continues to grow. We’re really in the last couple decades of being able to ignore everything about world politics. Instead of using this time to position ourselves more intelligently, we’re turning more and more of our national security issues into partisan footballs. Iran, Israel, Puerto Rico, and now Ukraine have become partisan issues, making everybody dumber, and making the world a more dangerous place. Today’s video is a small attempt to push back against this wave of stupid.

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Bernie Sanders Is More Electable Than Joe Biden | Election 2020 3

I can’t believe people don’t spend more time talking about the 666 Fifth Avenue bribe (alleged). It’s one of the most perplexing things to me in US politics. The general impression seems to be that it’s kind of funny?! The President’s son-in-law got an absurd bail out on a losing real estate deal, to the tune of over a billion dollars, and the consequences appear to be nil. When he was trying to get the money from China it was rightly condemned, but now that he got the money from Qatar, through Canada, it’s somehow OK? It’s just a thing that happened? As I point out in today’s video, I think Joe Biden and the political culture that he exemplifies has a lot to do with this…

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