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Conceptual Model of State Collapse
Summary A minimalist conceptual model of the state is presented in which the fundamental basis of state existence and continuity is the flux of produced resources between producers and the needed state apparatus, while contending with powerful domestic non-state actors and foreign challenges. External conditions that reduce per capita production threaten state continuity, and the […]
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A Tale of Colliding World Views
In December, documents were released asserting two radically different political perspectives. They could not be more different. On December 4, under the President of the United States’ Seal, the White House published the administration’s 2025 National Security Strategy, expressing the government’s current evaluation of the global challenges facing it. The next day, December 5, the […]
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Trump’s Whims on Tariffs and Trade Deficits
“Trump’s tariff formula explained: How rates were determined for each country” IMAGE/USA Today/Duck Duck Go Tariffs Tariffs are a tax imposed on imported goods to protect local industries in order to be self-sufficient and thus avoid being taken advantage of. For a very long time, Britain charged tariffs on many items, only in 1860 were […]
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Fatal Decline of the Imperial Power
A previous article, “Challenging China,” described the mixed and managed economy that enables China (PRC) to overcome the economic pressures posed by an overly contentious America. More to it. China’s mixed and managed economy is designed to match its stage of development and is well managed. The U.S. non-managed economy has no design and does […]
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What Lies behind Nvidia’s Commitment to “unswervingly serving the Chinese market”
Nvidia CEO Jensen Huang, who has visited China again three months after his trip in January, recently publicly stated that the company would “unswervingly serve the Chinese market” and emphasized China’s key role in the global supply chain. He said Nvidia has grown together with the Chinese market and achieved mutual success. Against the backdrop […]
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Government Debt is Not the Problem
Polarization of the American public reflects the polarization of its political Parties, both of whom strive for ascendancy by demeaning, contradicting, and formulating proposals to wrong the other; each Party wrongs itself and the American public. The recent and periodic arguments concerning the proposed federal budget, an entrance for initiating threats to “close the government,” […]
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War By Other Means: Short Selling JPMorgan
When the FDIC put Silicon Valley Bank (SVB) and Signature Bank into receivership in March, a study reported on the Social Science Research Network found that nearly 200 mid-sized U.S. banks were similarly vulnerable to bank runs. First Republic Bank went into receivership in May, but the feared contagion of runs did not otherwise occur. […]
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