Jim Boswell Blog | Important Things to Remember | TalkMarkets
Executive Director, Quanta Analytics
Contributor's Links: Globanomics
Author of Globanomics. Jim has nearly fifty years of professional experience in the development of management information and analytical business decision support systems. Broadly disciplined with exceptional experience. Education includes an MBA from the Wharton School-University of Pennsylvania, ...more

Important Things to Remember

Date: Tuesday, July 18, 2023 8:38 AM EST

If there is one thing that is important to remember is this:

In 1970 the United States came to China.  China did not come to the U.S.   The United States reached out its hand to China and that first handshake between Nixon and Mao was the first "relevant" step towards globalization.

Fifty-years later, you look around the world and you can see what that handshake meant.  In the last thirty-years alone, the world has been given tools that were designed to improve their lives (e.g., cell phones for rapid communication any where in the world, the internet opening up the "learning capabilities" everywhere, etc.).

The world is in a better place (with a few exceptions) than it was fifty-years ago.  On the whole of thins, globalization has been good for the world.  Globalization has been a pareto optimum from a big picture standpoint.

Yes, we still have major problems to resolve (e.g, climate change, nuclear disarmament, population control, ai, etc.), but once we get over our "warring ways" we should be able to focus our attention on these more meaningful matters more than we currently are.   Hell, most of the best science gets used by the military before it is passed down to the civilian world.

Anyway, my point above is this.   We reached out a hand to China in 1970.  Now fifty years later, China needs us to reach our hand to help them again.  The United States (plus its allies) dominate China in almost every shape and form that matters.  And China knows this (or by god they should know this) and so the U.S. can ask for some concessions from China as part of the new handshake.  And that concession is World Peace and nuclear disarmament.

China should never forget who helped them the most to get where they are today.  If they want to continue on their upward trend (downward since the pandemic) the time to make nicey-nicey is right now.   China needs the U.S.   The vice-versa cannot be said with the same level of conviction.

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Now here is another important thing to remember--here this week that the new Oppenheimer movie is coming out.

Most people in the world don't know this, but the United States never really shut down the Manhattan Project, but instead expanded it to the point that the United States is still the leading nation when it comes to "science" and new "basic research".   The things that are going on in our national laboratories today would make the Manhattan Project people quite proud.

There are a lot of reasons that the United States has become the clear leader of the world.  And the U.S. Government (and the deep state) is one of the most important of those reasons.

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And finally, there is no "financial, economical, or globanomical" evidence that shows "authoritarianism" outperforms "democracy".  But there is plenty of evidence to show that the counter is true.

Never forget that.

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Trump In 2024 1 year ago Member's comment

Yes, in 1970 we reached out hand out to China.  50 years later, they gave us the China Virus (aka Covid).