Stephen S. Roach thinks America’s latest financial trouble will reinforce a narrative of terminal national decline.
A boarded up Silicon Valley Bank branch in San Francisco, March 13, 2023. Credit: Jeff Chiu via AP Newsroom
No two crises are alike. That is true of recent financial upheavals – the Asian financial crisis of the late 1990s, the dot-com crisis of 2000, and the global financial crisis of 2008-09. It is also the case with crises sparked by geostrategic shocks, such as wars, pestilence, famine, and pandemics.
Today, we are witnessing a potentially lethal interplay between these two sources of upheaval: a financial crisis, reflected in the failure of Silicon Valley Bank, and a geostrategic crisis, ref
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In recent years, there haven’t been any visible, large-scale demonstrations for Tibetan independence, either inside the country or abroad. This is a big contrast to the waves of self-immolations and solidarity protests of the past — and exactly what Beijing wants. If China’s digital surveillance and censorship efforts have reached their full potential in Tibet, what comes next?
The author of Mr. China discusses why improving knowledge of the country is so vital, why China has become so toxic politically and whether he would advise young people to make a career there today.
September 17th: Strategies for Identifying Military End Users
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