21: To Avoid Great Power Conflict with China, American Industry Needs To "Win the Decade" (feat. Jonathan Ward)
Mar 20, 2024
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Discussing the economic threats of the Chinese Communist Party and the importance of strengthening America's industrial base. Highlighting the urgency for aligning American businesses with national security interests. Exploring the implications of missteps in China investments and the role of business engagement in conflict deterrence with China. Emphasizing the necessity for the US to prioritize innovation and strategic industries to stay competitive.
American industry must align with national security interests to compete economically with China.
To win the US-China competition, focus on maintaining economic power, uniting allies, and technological advancements.
Addressing economic weaknesses and building a robust industrial base are vital in facing China's technological innovation challenges.
Deep dives
The Strategic Importance of Business Leaders' Decisions Regarding China
Business leaders' decisions regarding China play a critical role in the US-China economic relationship. Dr. Jonathan Ward emphasizes the need to align American business leaders with US national security interests. The example of American business leaders giving ovation to Xi Jinping highlights the importance of ensuring business leaders understand and support national security goals.
The Timely Significance of Winning in Economic Power
Dr. Jonathan Ward stresses the significance of economic power in the US-China competition. The US must prioritize maintaining its position as the world's largest economy, uniting allies against China, and retaining military superiority. With a focus on the decisive decade, the competition will be won or lost based on economic strength by around 2030.
The Intersection of AI and Economic Questions
The debate surrounding AI and technological innovation in the US-China competition extends beyond technological supremacy. Dr. Ward emphasizes the importance of addressing fundamental economic weaknesses alongside technological advancements. The need for a robust industrial base and focus on critical industries highlight the broader economic challenges beyond technological innovation.
The Strategic Significance of the Space Economy
The space economy emerges as a crucial battleground in the US-China competition. Dr. Ward underscores the importance of the US and its allies prevailing in the emerging space industry to secure long-term economic and military advantages. Leveraging space for economic potential and innovation presents strategic opportunities for the US to maintain a competitive edge.
The Urgency of Addressing TikTok's Role in National Security
The discussion on TikTok encapsulates the broader national security concerns in technology and business relations with China. Dr. Ward highlights the need to address the opaque relationship between ByteDance and the Chinese Communist Party. The debate extends beyond data privacy to strategic considerations of foreign influence and geopolitical implications, urging a shift in approach to safeguard national interests.
Jonathan Ward, senior fellow at Hudson Institute, joins Marshall Kosloff to discuss the economic threats of the Chinese Communist Party, arguing that now is the time to build up America’s industrial base, and that private industry and US political leaders needs to unite to defeat the CCP economically—or risk losing the decade to China and presaging future conflict.
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