A central focus of this blog is handicapping the global power sweepstakes between the United States and China. And a regular theme here is the role private enterprise is playing in revitalizing U.S. strategic power – whether it’s in the resurgence of the manufacturing sector or in launching the oil and natural gas boom (here […]
Two recent news items out of China have raised expectations that the new leadership in Beijing intends to push ahead with major market-oriented policies. The first is an announcement that a key Communist Party conclave will gather in November to set out an economic blueprint for the coming decade. The second is that Jiang Jiemin, […]
A post earlier this month noted how well-connected state-owned enterprises in China were stymieing key economic reforms advocated by outgoing Premier Wen Jiabao and questioned whether the country’s new leader, Xi Jinping, would do any better given that the country’s 145,000 state-run companies are a gold mine of wealth and privilege for rent-seeking Communist Party […]
Whether he is the new Deng Xiaoping will say much about the contours of the evolving global order My post earlier this week argued that China’s long-term prospects are more uncertain than the conventional wisdom holds. The country’s new leader, Xi Jinping, is raising hopes that he is the man to tackle the daunting array of […]
The reinvention of the U.S. industrial sector promises far-reaching global consequences Pushing back against the deluge of punditry about America’s strategic eclipse, my last post argued that the U.S. global position is being bolstered greatly by a revolution in domestic energy production that began to take shape in the past few years. Although it has not […]
If the reality comes anywhere close to matching the hype, then the speeding of Russia’s national decline and the revival of America’s ideological authority will be among the transformative effects As an earlier post suggested, the dramatic rise in U.S. natural gas production is one large reason why fears about America’s strategic decline may well […]
What James Cameron and SpaceX tell us about the Future of Global Power James Cameron’s solo journey into the ocean’s deepest recesses is being hailed as a tale of personal daring and scientific adventure. But it also holds a lesson relevant to the debate about whether the global hierarchy is being reshuffled and to what […]