Cyber warfare is raging around the world, with China as the leading state actor. But unlike Russia, and unlike Iran, and unlike North Korea, China is deeply integrated into the US economy and many aspects of our national strength. This is one reason why Congress wanted to learn from my guest Klon Kitchen about the Chinese app TikTok.
Robert D. Atkinson, founder and president of ITIF, describes the United States role in the war for influence and control.
Our military has a disturbing tendency to keep fighting the last wars, not the likely future ones. Now a visionary general is being forced into retirement because he’s advocating a very different approach to counter Chinese aims to achieve dominance in space.
For decades, the U.S. has given China preferred trade & economic status. In a long overdue effort, President Trump is now negotiating new and more balanced trade deals with China, but however effective new trade deals will prove to be, they cannot address the many other dangers posed by China’s Communist Party.
Economics as a discipline suffers from “physics envy” when it tries and fails to build mathematical models of the economy and society. Instead, it should be studying human behavior and focus on the intersection of health, morality, philosophy, wealth creation and how to bring people out of poverty, Jay Richards says on The Bill Walton Show.
We know from history and evidence all around us, which economic system works, and which one makes people the happiest. It’s the economic system of free enterprise. But is it the most moral? Bill Walton explores the question with Jay Richards, author of the newly reissued book “Money, Greed and God.”
If the Fed brought home a report card reflecting its performance since its creation in 1914, its parents would not be pleased. Its record for stability is among the worst in the developed world, and it has done little to fix the problems it was invented to address.
“The economy of Venezuela has collapsed as a result of gross socialist mismanagement. Their currency is essentially worthless. To start over, the next government of Venezuela must re-establish the rule of law, protect private property rights and create a new currency.” So writes Richard Rahn, one of America’s most brilliant economists.
By some estimates, the cost of government regulation in the U.S. exceeds $2 trillion. An amazing number. And while we’re paying a fortune for existing regulations, major new ones are coming out at the rate of 3,000 per year, so fast that the White House can only do a cost-benefit analysis on less than one half of one percent of them.
China is a mass of contradictions. Intellectual property thief. America’s largest trading partner. Home to 476 billionaires. Choked with air and water pollution. A rapidly aging population. And leadership eager to project its national will.