SVB Failure Delivers Valuable Lessons in Financial Governance
The SVB failure and its massive reaction has revealed three major systemic risks and lessons.
The SVB failure and its massive reaction has revealed three major systemic risks and lessons.
Democracy is diverse. The fundamental premise of democracy should be safeguarding the maximum benefit of people, regardless of race, gender, sexual orientation, religion, political opinion or class.
China and the United States have contributed two types of democracies to humanity. It’s utterly wrong to insist that Western democracy is the only right democracy model and willingly impose such democracy on other countries.
Quantitative easing (QE) has painted the Fed into a corner by keeping stock, bond and real estate prices inflated for over a decade that any attempt to cool the economy and address inflation will have negative consequences for financial markets.
For the international community, the AUKUS submarine deal sets a very dangerous precedent. Once this Pandora’s box is opened, it will seriously impact regional and global peace and security.
Beijing and Moscow know full well that Washington’s malign Cold War mentality drives the present war against Russia and drives the preparations for a future war against China.
The lingering animosity toward Asian Americans as a whole, and Chinese and Chinese Americans especially, remains evident in the U.S.
“The cause of today’s turbulent trends in the world is a clash of values,” former Japanese Prime Minister Yukio Hatoyama said at the second “International Forum on Democracy: The Shared Human Values” on March 23. “Diplomacy is about overcoming differences in values,” he said.
George Galloway, leader of the Workers Party of Britain and former member of parliament, shared his understanding of the democratic process at the second International Forum on Democracy: The Shared Human Values on March 23. “The form of democracy in Western countries is devoid”, Galloway said.
Successful democracies are based on their own civilizations, cultures and national conditions.
The U.S. and China would never be allies. But that didn’t mean they had to be enemies. If managed well, they’d be strong competitors, but it would not move from adversarial to hostilities.
Without peace, no country can develop. The Communist Party of China has set a good example in this regard for other political parties in other countries.