Important piece, worth reading.

However, Mearsheimer is realist about everything…other than US capabilities. Rather than fighting an unwinnable war, or surrendering to illiberalism, the right approach is to build an admirable society.

Win by example. 🧵foreignaffairs.com/articles/china…
First, why is conflict arising?

There was a strain in Western culture that wanted to be the best, and a strain in Chinese culture that wanted to copy the West. The conflict is arising because the Chinese no longer want to copy, as the West is no longer obviously the best.
Indeed, the West is no longer building the City on a Hill. It is about equality rather than excellence, and freedom over cooperation.

There is a tension between checking your privilege & checking China's rise. Or assuming the US is the best & all the rest are sh*thole countries.
The US is much weaker domestically, economically, diplomatically, militarily than Mearsheimer assumes it to be.

It cannot win a military conflict with China over Taiwan and should not get into one. But liberalism shouldn't surrender either. What then?
The right model is to build a society that embraces liberal values, has a strong defense, and peacefully outcompetes China for its top talent and mindshare — reforming it without conflict.

Build something actually admirable, rebuild soft power, save hard power for defense only.
It's unlikely that the vehicle for this is the US as we know it. It might be states within, or without.

But our interest should be in defending universal values — freedom of speech, free markets, protection from search & seizure, etc — as distinct from American supremacy per se.
Now, to Mearsheimer's article.

First, it's only the US patina of "democracy" that justifies its 800 military bases worldwide. The more explicit it is about wanting to keep poor countries poor, as advocated in the piece, the more this illusion fades.

Idealism constrains realism.
An open assertion of US supremacy — an admission that its foreign policy is really zero-sum, that its main goal is to prevent another's rise — is a sacrifice of soft power. And it necessitates the use of more hard power, at a time when both soft power & hard power are in decline.
Second, why *didn't* the US contain China, if that was the goal? For the same reason MS didn't contain GOOG, or the UK didn't contain the US long ago.

Bluntly: Chinese leadership just out-executed US leadership in key ways. Mearsheimer doesn't address this, but it underpins all.
The entire article is framed as if addressed to some foreign policy chess master who just made a wrong move back in 1991, and could mitigate it given a pointer.

But these are the same guys who did Iraq, Afghanistan, etc. Competent leadership is not there.
Third, the piece actually commits the same error he charges the establishment with making in 1991: he overestimates US strength.

Because there is another unmentioned thing that could change the underlying dynamic: namely, a major crisis that threatens *America's* position!
That is, it's not just liberal triumphalism in 1991 to be concerned about, but inaccurate assessment of US strengths in 2021.

Iraq, financial crisis, bailouts, techlash, Trump, COVID, riots, Afghanistan, polarization, inflation — shouldn't that be factored into realist thinking?
More can be said.

For one, something much like engagement did work with Taiwan & South Korea, as they transitioned to democracy.

And arguably the US prosperity of 90s-00s was based *in part* on China doing grueling hard work while America watched Friends. It wasn't a gimme.
The general tone of the piece reminds me of a funhouse mirror image of the NGO mentality.

Nonprofits assume group X is weak because of Americans, while this piece assumes China is strong mainly because of what the US did.

Both deny agency to others, and thus underestimate them.
Just to be clear, I'm glad Mearsheimer wrote the piece, because it's thought provoking and important. It is far closer to reality than wishful thinking around Chinese collapse, for example.

My disagreement is with the ideas only.
So, that summarizes my issues with the piece.

It doesn't give sufficient credit to the Chinese for execution. It overestimates US strength. It presupposes today's US is even capable of coherent foreign policy. And what it proposes is zero-sum.

A better way: win by example.

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More from @balajis

27 Oct
Tech starting to show real spine.

Zuck says he doesn't report to legacy media corporations. He serves his constituents, namely billions of users. And they don't want the increased surveillance and censorship that these "whistleblowers" are calling for.
fool.com/earnings/call-… Image
We should of course decentralize every FB service. And fund countless things toward that end.

But in the interim, know that the state & press aren't seeking to protect your freedoms. They're seeking to take them away to prop up a decaying establishment.
On the spectrum of decentralization:

BTC > FB > NYT

That's the ethical compass. Decentralized media over social media, but social media over legacy media. Because you don't have *any* voice on a legacy media corporation's platform.
Read 5 tweets
26 Oct
Actions speak louder than words. But do they? Words are explicit and often public. Actions are often implicit and unobserved.

This may be why many are "action-blind", analogous to colorblind. They see only the words someone emits, without weighing their track record of actions.
A concrete example is something we take for granted, which is that a politician's promises are non-binding. They can say anything to get elected, then do what they want. Compare to a product that does what it says on the tin.

A convincing actor vs a substantive action.
One way of thinking about this is to make actions more visible. There are sites that do political report cards, though the scores aren't placed next to tweets or ballots.

Relatedly, it is interesting that we have decent book and movie reviews, but not newsmedia reviews.
Read 6 tweets
25 Oct
Both @jack and @CathieDWood are right in different ways.

Everything technology disrupts will see prices fall. Everything the state subsidizes will see prices rise. Like the graph below, but even more extreme. Image
The problem is that the state controls much of the physical world: housing, education, and healthcare, but also ports, utilities, and police.

So the next costs after soaring rent and medical expenses will be supply chain shocks, power outages, and spending on crime mitigation.
The state actively prevents automation in the sectors it controls. Baumol’s cost disease doesn’t happen by accident.

Arguments vary — sometimes it’s safety, sometimes explicitly about protecting jobs — but there’s a reason you don’t have free AI medical imaging on your phone.
Read 10 tweets
25 Oct
The steelman version of this argument is not that Bitcoin would fail, but that money itself may not be easily able to buy valuable things in a time of serious conflict — like public safety, or other social goods.
That is, we know from recent experience in conflict zones that smartphones and wireless internet are insanely robust technologies.

We know the Bitcoin network has survived many attacks, including the recent Chinese state assault on mining.

And we know private keys work offline.
The real issue in a modern Mad Max scenario is not that Bitcoin fails, but that money itself fails to buy the most useful things you want in a warzone: like an end to war, or a ticket out of there.
Read 4 tweets
24 Oct
I actually don’t think they will.

Jack and Zuck didn’t build their $100B+ companies from scratch to bow to the East Coast establishment, whether that be Trump or the Fed.

The rematch will surprise people.
Tech CEOs don’t win by fighting the last war.

In 2015-2016, the tweeting took many by surprise.

In 2020-2021, the censorship took many by surprise.

But in 2024, or whenever the inflation comes, the censorship-resistance will take everyone by surprise.
To be clear, the companies run by non-founders may buckle. I don’t expect Google, Microsoft, Apple, Amazon to hold any line.

But Zuck & Jack still control their companies. In different ways, they are adopting cryptocurrency. And they aren’t backing down. m.facebook.com/zuck/posts/101…
Read 8 tweets
23 Oct
Good but no traction: angel investment
Bad but no traction: tulips
Good with high traction: new paradigm
Bad with high traction: threat to democracy
The establishment mindset flips between apathy and panic.

Facebook is a fad, then it’s a threat to democracy. COVID is dismissed as paranoia by preppers, then you have to wear a mask even when vaxxed. Bitcoin is tulips, then they start advocating seizures.
Every disruption like this has, so far, been sort of integrated into the establishment — albeit in a reactionary way. Facebook censorship, COVID lockdowns, Bitcoin-motivated CBDC efforts.

But the less the foresight, the greater the cost of that integration. Eventually too great.
Read 5 tweets

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