Global Volatility: A Bird’s Eye View
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Programming Partner: Eurasia Group Description: Market actors in today’s global economy are faced with volatility across sectors and geographies. Understanding the implications of political developments is critical in creating effective business strategies to mitigate financial and repetitional risks. This session at the Concordia Summit 2016 examined the business implications of political integration and disintegration. It also addressed geopolitical challenges to business and explored the complexities of operating a truly global business. Moderator: Andy Serwer, Editor-in-Chief, Yahoo Finance Speakers: Dr. Ian Bremmer, President & Founder, Eurasia Group; Leadership Council Member, Concordia John J. Studzinski CBE, Vice Chairman, Blackstone
Comments
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We clear feel that there would be no more Ian Bremmer's pride in USA, and he is worry about the USA's status: 1. USA failed in its home work and has no money ball to play, except it's war machines; 2. USA has been the troublemaker since long in the world; 3. USA sets up Russia and China as its enemy ... in one word, USA political system has problem! If USA could not have its systematical change it will be in decline continually, no matter how Mr. Bremmer looks down or criticizes other countries and says all are Chinese or Russian fault ...
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Chinese development achievement and its development model have been deliberately ignored, refused and criticized by westerners since decades, although they enjoy with so much "Made In China" in their everyday life and their country received so much loan from China. They, like Ian Bremmer, have been telling day and night about "China will collapse soon" or "China is in volatile" even when 2014 China started to be the 2nd economical country of the world (alone in 2015 more than 120 million Chinese went abroad for sightseeing and shopping, a real record ever in the human history). Although western countries are all in clear decline, you could directly feel what Ian's talk here is to fool people around and persuade them do not to learn from Chinese development experience and do not invest in China (you know what I mean: he works for foreign investment).
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If Westerners, like USA, arrogantly ignore or discriminate other countries, like Russia, or push them too much, then westerners would pay the price for what they have done. Until now USA and Western still could not learn from their lessons and frequently made failures not only economically, but also geopolitically. Except China and Russia, all countries of the world watch and laugh at such an immature and spoiled kid, USA. No wonder, that is also the reason why Putin plays so well and so elegant with a handful of good cards.
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Good to hear the different voice, which gave a kind of compliment or affirmation to nowadays Chinese political system, although in most westerner's mindset western system should be the only one to manage and develop the country in the world, and any other choice could be considered as the pagan.
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Uncertainty in 10 to 20 years would be in the Western, not in China, also not in Asia since Asian countries are all rejecting USA "pivot to Asia" policy, which only makes the trouble and is totally against nowadays trend: economical development. Other than only copy from the western, as long as China continuously reforms itself and keeps its own good system as mentioned: one party (internal democratic) system combined with external consultation, meritocracy and anti-corruption ... China will keep its stable high speed of development with much lower cost and higher efficiency than in western. Since decades westerners, especially USA think tanks, have been totally looking down about Chinese system, many of them even frequently predicted about "China collapse soon", but they all failed. Check Ian Bremmer's talk about China in last 10 years, you could see how much differences and changes about his attitude toward China (from before sharp criticism to nowadays relative affirmation), although he is still so arrogant and never has shame because of it. Yes, once being brain-washed by western religious ideology "democracy" it is very hard to change, isn't it?
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Awesome to hear Bremmer say 'we've all had enough of PC'
25m 30sLenght
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