Facebook Libra And Reliance Jio Compete With WeChat By Targeting The Unbanked

Journal of Political Risk, Vol. 8, No. 9, September 2020

Source: Tim Bennett, (Unsplash).

Vikram Chopra
CEO of Gift Jeenie

There’s a technology arms race developing between the West and China. At the frontier are emerging technologies such as 5G, Big Data, AI, Blockchain and Crypto. China already has an advantageous position in many of these areas, including 5G and AI, and is looking to challenge Bitcoin and the US dollar with its digital Yuan.

Facebook’s recent moves with Whatsapp and Libra are interesting strategies in this larger game of global tech domination where the likes of WeChat and TikTok have been resoundingly successful market leaders. A big reason for the success of WeChat is its complete market domination within China’s 1.4 billion population. Furthermore, Wechat has seamlessly integrated into the daily lives of its users. It’s more than just a chat application: it’s a platform for shopping, ordering groceries, booking travel, dry-cleaning, reserving a table at a preferred restaurant and sending money among other services. Add the 40 million global Chinese diaspora who use WeChat to communicate with loved ones back home, and you can see why WeChat is one of the leading social media networks with over 1.2 billion users globally. Continue reading

Black Lives Matter: What The Attorney General Should Have Said

Journal of Political Risk, Vol. 8, No. 6, June 2020

Attorney General William Barr and other U.S. officials speak at a press conference on June 4, 2020 in Washington, DC. Source: Wikimedia Commons.

Barbara Childs

Editor’s note: On June 4, Attorney General William Barr gave a press conference on the Black Lives Matter protests.

Attorney General William Barr was reasonable and respectful of the press at his conference. But I think it is unfortunately another example of what neuro-psychologist Rick Hanson calls “negativity bias”, an evolutionary phenomenon that “overlooks good news, highlights bad news and creates anxiety and pessimism.” In the past negativity bias worked to protect us. Now it can blind us to the present reality. Here is what I wish the Attorney General, President Trump and all our leaders would say instead.  Continue reading

TBD Studio: Video By Dissenting Overseas Chinese Students

A still image from a TBD Studio video of songs dedicated to those suffering from the Chinese Communist Party, uploaded April 3, 2020. Another of their videos is a COVID-19 timeline, uploaded May 6, 2020.

Journal of Political Risk, Vol. 8, No. 5, May 2020

TBD Studio

TBD Studio is a group of Mainland Chinese students who are studying abroad. TBD stands for “The Big Dipper.” The names they have chosen below preserve their anonymity.

Since the Chinese Communist Party took power in 1949, millions of Chinese people have been persecuted to death in numerous political movements. Continue reading

Revisiting Grand Strategy

Journal of Political Risk, Vol. 8, No. 5, May 2020

The General Board of the U.S. Navy meets in 1932 in Washington D.C. This board existed as an advisory body to the Secretary of the Navy from 1900-1950, and was involved in long range strategic planning focused on the maritime security component of U.S. grand strategy. Its members included the Chief of Naval Operations, President of the Naval War College, Commandant of the Marine Corps and head of naval intelligence. Source: Naval Historical Center.

John T. Kuehn, Ph.D.
Professor of Military History
U.S. Army Command and General Staff College
Fort Leavenworth, Kansas

A recent article in Foreign Affairs by Daniel W. Drezner, Ronald R. Krebs, and Randall Schweller hoisted the white flag: “The End of Grand Strategy: America Must Think Small.”   The article implies that an American attempt to develop a grand strategy, or to support the current grand strategy in vogue, are both vain pursuits.

One reaction to prescriptions of this sort, or rather proscriptions, is to examine what the authors mean exactly by “grand strategy,” what is their definition?

Perhaps their definition is so different from other accepted definitions of this concept that there is no need to worry, maybe they are talking about something else.
After all, this author wrote on the topic ten years ago, bemoaning that the problem was rooted in, although not limited to, a general lack of understanding of the meaning of the term, especially by military professionals in the nation’s service and war colleges.   It might be useful to compare my definition with that consigned to the dust bin by the FA authors.

Carl von Clausewitz has written that as military campaigns proceed, the war as a whole replaces the campaign, and the whole country the theater of operations. In other words, grand strategy is “the next stage,” which encompasses the strategic considerations for “the whole country.”

But the authors argue that, “A grand strategy is a road map for how to match means with ends.”

Continue reading

The Recurring Intellectual Plague of Globalization

Journal of Political Risk, Vol. 8, No. 5, May 2020

A rear view of a businessman as he tries to sort out the mess of geopolitical events. Source: Pexels.

William R. Hawkins
Former U.S. House Foreign Affairs Committee

In the public mind, the outsourcing of jobs to China, which built the conveyer belt that carried Covid-19 from Wuhan to the world, was the fault of soulless transnational corporations. Greedy business tycoons were willing to deal with anyone in the pursuit of profit, regardless of larger consequences (of which the current pandemic is not the most dire). What cannot be overlooked, however, is that these private actors were given moral cover by intellectuals who assured them that they were fulfilling a higher purpose by spreading liberal values and promoting peace in a new era of globalization. Continue reading