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Today’s topics:
China’s ambition as the next superpower and how its political system gives them leverage in global power plays.
The US economic collapse and its similarities to the first 40 years of the 20th century.
Digital currency race, which will reign supreme?
China’s spread of influence in the world and infiltration of our institutions.
Some snippets from today’s episode:
As the days go on, we hear more and more about China and it’s global sphere of influence, but why is it a threat? Let’s look into China’s political system. We have the Communist Party of China, the CCP, which is the ruling and only political party in China. Their system isn’t a simple communist party like the USSR’s politburo and economic system, China uses a hybrid version of communism and capitalism. This formula gives China a global advantage that the West lacks, which is total government control of both public and private business affairs.
How is this strategy a strength for China?
Well unlike the US and other western countries, China has total control over its citizens and businesses alike. While companies like Huawei and Alibaba operate internationally as a multinational corporation, China still has the last say as to what these companies are doing. This allows China to use them as a vehicle to maneuver the capitalist system that controls the global economy. Because of this system, China has shifted away from global dominance from the US. Now, as the world continues to go into a global economic depression, the US faces a huge issue that seems unmanageable, debt.
Are we living in a compressed version of the early 1900’s?
First, we can look at WW1 and the reemergence of nationalism around the world. Many countries around the world are struggling to work within centralized systems like the EU, which has placed many EU nations at odds with each other. Then we have historians that are pointing towards an economic event that is only rivaled by the Great Depression. All of these situations led the world into WW2 and comparing those events with current ones, it’s a very scary situation to be in.
Are we repeating the same mistakes? Listen in to learn more!
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Authors: Joseph Rapisarda & Michael Figueroa
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