Unfortunately, Heiko Maas’ plan to strengthen arms control is poorly thought out and does not take adequate account of the true state of affairs in this area. His proposal puts the diametrically opposed military and political policies of the United States and Russia on an equal footing internationally and is also unbalanced with regard to China.
The Trump administration seems to have decided to use the current international security environment to its own economic advantage and kill two birds with one stone. After all, military escalation and a new arms race both provide powerful leverage over opponents and are an effective way to attract financial flows.
The ideal outcome is that Russia and China’s financial advice to Venezuela will contribute to stabilizing its economy and therefore creating the conditions for its many emigrants to return home from the regional countries that they fled to at the height of the Hybrid War crisis.
The possible convergence of the joint Indo-Japanese “Asia-Africa Growth Corridor” with China’s New Silk Road could see these two far-reaching visions entering into a “friendly competition” with one another to the developmental benefit of “Global South” states, thereby heralding a “Renaissance”.
The formerly Chinese-occupied niches that India is already planning to fill in the US marketplace could be a realistic starting point for beginning their free trade talks and deciding which spheres should be immediately prioritized. India is now an even more intense object of competition between the US and China than ever before.
Just as disturbing of a scenario for the US is if this has a knock-on effect that enhances Chinese influence in Mexico after its leftist president-elect AMLO takes office at the beginning of December, thereby representing an unprecedented challenge to the US’ political dominance in the entire Western Hemisphere.
There’s a certain strategic logic inherent in the US flexing its muscles to show that it will still retain control over part of the Northern Sea Route in spite of Russia’s dominating position in the center of it. The point is to put pressure on China and get it to “compromise” with the US on a new trade deal.
Over three decades, the value of energy China extracts from its domestic oil, gas and coal supplies has plummeted by half. China’s economic slowdown could be a key trigger of the coming global financial crisis, but one of its core drivers — China’s dwindling supplies of cheap domestic energy — is little understood by mainstream economists.
Saudi Crown Prince Mohammed Bin Salman has been caricatured by friends and foes alike who either depict him as a noble reformer or a bloody tyrant, but the reality is that he’s actually both and that’s why Great Powers from America to China and even Russia are competing to court him.
Unsubstantiated allegations about the interference of “Russian hackers” in the US presidential election and about China’s industrial espionage against American companies might someday look like a naive example of much ado about nothing, compared with what Washington is about to plunge into.
The global macroeconomic consequences of the escalating US-China trade war may not, in itself, be that big according to some economists. US traders have remained largely unfazed by the trade war, and few are concerned at this stage about the overall impact on the global economy’s GDP growth.
In this instance, despite the New Cold War between the US and China, simply branding the broadcasts that might be made out of the Mexican radio station by the Hong Kong-based company as “propaganda” wouldn’t suffice in getting Americans to ignore them because some folks could actually become more attracted to these messages because of it.