By TruePublica March 15, 2020
In its quest for global economic and geopolitical domination, America has made many enemies. To help fund 800 military bases all over the world, last year the American taxpayer spent $620 billion on defence, $69 billion for ‘war-funding’ and $10billion on cybersecurity. Military spending represents about 40 per cent of America’s entire global exports trade. However, corporate America describes as derisory the funding for cybersecurity and it is stepping up to the challenge as they get to grips with the threats they now face. As a result of government inaction and under-funding, private sector companies have been forced to take cybersecurity more seriously and, according to some projections, will spend an eye-watering $1 trillion on the digital security of their global operations from now until then end of 2021.
America’s enemies are in no position to fight a hot war – for the time being. They know that. In the meantime, President Trump has continually stepped up trade wars and financial sanctions that some countries are now finding too much and are soon to fight back. The cold war between China and America is just one. Russia, North Korea and Iran are obvious allies of China, so are a number of other countries across the Mid-East, Africa and Asia – weary of endless American intervention in their affairs.
Although the cold war with China is by definition a low-intensity conflict, a sharp escalation is likely during 2020. To some Chinese leaders, it is hardly a coincidence that their country is simultaneously being attacked on all sorts of fronts at the same time. In the last twelve months, China has been beset with a massive swine flu outbreak, a severe bird flu outbreak, and a coronavirus epidemic that has destabilised the entire workings its economy. The trade war is financially damaging and unpopular at home. Political unrest in Hong Kong, the re-election of Taiwan’s pro-independence president, combined with stepped-up US naval operations in the East and South China Seas also add to keeping Chinese leaders awake at night. The coronavirus crisis that now grips the world provides some with an opportunity though.
Contrary to what we have heard in the MSM, in China, hospitals are overwhelmed and overflowing with the sick and dying as a result of CoVid-19. But the Chinese authorities know that the very same disease is now gripping the rest of the world as well.
Nouriel Roubini, Professor of Economics at New York University was Senior Economist for International Affairs in the White House’s Council of Economic Advisers during the Clinton Administration. He has worked for the International Monetary Fund, the US Federal Reserve, and the World Bank. He takes the view that China is ready to fight back and says that – “China’s immediate response to US containment efforts (the trade war) will likely take the form of cyberwarfare. There are several obvious targets. Chinese hackers (and their Russian, North Korean, and Iranian counterparts) could interfere in the US election by flooding Americans with misinformation and deep fakes. With the US electorate already so polarized, it is not difficult to imagine armed partisans taking to the streets to challenge the results, leading to serious violence and chaos.”
These are strong words from someone like Roubini who also asserts that within a year, “the US-China conflict could have escalated from a cold war to a near-hot one. A Chinese regime with its economy severely damaged by the CoVid-19 crisis and facing restless masses will need an external scapegoat, and will likely set its sights on Taiwan, Hong Kong, Vietnam, and US naval positions in the East and South China Seas; confrontation could creep into escalating military accidents.”
The US, of course, will respond as it comes under an asymmetric attack. It has already been increasing the pressure on these countries with sanctions and other forms of trade and financial warfare, not to mention its own world-beating cyberwarfare capabilities. Roubini goes another step to say: Read More - TruePublica