There’s a bit of a disconnect between international relations theory people and economic theory people. It is rare that a single person finds himself facile with both disciplines and this tends to introduce blind spots in thinking. One of the biggest blind spots concerns the future role of manufacturing in geopolitics. Many people believe that cheap wages in places like China will ensure a strong US-China trading relationship and reduce the chance of future security competition. They think China will rise peacefully. These people are missing an important economic trend–the decreasing relevancy of the US-China wage gap and the inevitability of “reshoring”, the relocation of manufacturing back into the rich countries from whence it came.
Tag: China
In Defense of Summer Vacation
Every year I find myself reading some number of articles calling for an end to summer vacation–the practice of giving kids a summer break from school. The argument is typically made with an appeal to the the “summer learning loss” or “summer slide”, the tendency for kids to learn less during the summer than they do while in school, or even to regress academically. Adding further fuel to the argument is the tendency for the achievement gap, the difference in academic performance between higher and lower income students, to expand during the summer months. Opponents of summer vacation deem it an anachronism from a more rural, less air-conditioned age, and think we ought to do away with it altogether. Today, I seek to challenge these views.
Communist in Name Only: China’s Rising Inequality
The official name is the People’s Republic of China, in case you might forget. You’d be forgiven of course–today’s China does not look much like a “people’s” anything. Increasingly socially and economically stratified, China’s one-party system is about the full extent of its communist or socialist leanings. Or at least, so it seems if you believe a new study out from a Chinese university in Chengdu, which puts China’s Gini coefficient at an utterly ridiculous 0.61.
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Territorial Disputes and the Future of Asia
It has been in and out of the corner of the western press’s eye the last few years. China has been flexing its muscle in Asia, attempting to press claims to territory, both land and sea, on its various borders. This has not gone unnoticed by China’s neighbours, who are quite furious with China over some of its more belligerent acts. The matter has been simmering, off and on, for some time. What I find most interesting about it, however, is how this dispute has set the nations of Asia against each other, dividing it between two sides, one pro-China, the other against.
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The War on PBS
During the recent presidential debate, Mitt Romney said the following:
I’m sorry, Jim, I’m gonna stop the subsidy to PBS. I like PBS, I love Big Bird — I actually like you too — but I am not going to keep spending money on things [we have] to borrow money from China to pay for.
Since the debate, the left has made Romney out to be someone who hates Sesame Street and PBS, and the right has made Romney out to be someone who takes spending cuts seriously. Both completely miss the point. This statement from Romney actually tells you quite a lot about the candidate. This is a statement with far-ranging implications that matter a great deal more than even PBS’ defenders realise.
Benjamin Studebaker 