Monday, June 3, 2019

The Second Cold War

The trade war between the USA and China seems to be evolving to the formation of trade blocks, and then, Cold War blocks. China tried to prevent this development by its Belt initiative, building trade entrepots all over the world, but in the new world situation, we have to see if it can be operated.

An article referred to by Marginal Revolution blog maintains that Chairman Xi has recognized that China's aggressive and triumphalist policy was a mistake and now have to retreat in a Long March. We survived a bad Cold War already, we shall survive this too. Not me personally, but the Jewish nation. While friends of China, we are with the USA. (The ill. is from a Singapore paper, it is misleading). 

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