Sta Hungry Stay Foolish

Stay Hungry. Stay Foolish.

A blog by Leon Oudejans


What defines a SuperPower?

Until about a year ago, many articles claimed that China would surpass the USA as an (economic) SuperPower. I never believed those articles. China did and does not meet the SuperPower criteria. Today, many articles assume that USA may not be surpassed. I doubt that too. The Roman Empire was - probably - the first global empire. Alternatively, it was a multi-regional...

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Analysis: Xi reprimanded by elders at Beidaihe over direction of nation (Nikkei)

Nikkei Asia title: Analysis: Xi reprimanded by elders at Beidaihe over direction of nation Nikkei subtitle: G20 absence hints at turmoil in Chinese domestic politics By: KATSUJI NAKAZAWA, Nikkei senior staff writerDate: 5 September 2023 "There are signs of turmoil in Chinese domestic politics. On Monday, it was announced that President Xi Jinping will not attend an...

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Maybe strongmen aren’t great at running economies (Axios Markets)

Axios Markets: Maybe strongmen aren't great at running economies By: Matt Phillips and Emily Peck Date: 15 August 2023 "In the battle between strongmen and democracies, elected governments are pulling ahead — at least economically, Matt writes. Why it matters: After the financial crisis of 2008 hobbled the U.S. and much of the West, China's strong...

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China’s weakened economy or “economic long COVID” (Axios)

Axios Macro title: China's weakened economy / "economic long COVID" By: Neil Irwin and Courtenay Brown Date: 7 August 2023 "The Chinese economy is in worse long-term shape than is widely understood, a prominent American economist is arguing, in ways that cannot be easily fixed. It is "economic long COVID," featuring a persistent dearth of investment and...

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Making errors: business vs politics

Last Sunday's blog, Panic in Beijing and its original Bloomberg article, made me realize that there is a difference between business and politics that is easily overlooked. Unlike businessmen, politicians are not allowed to make serious errors, especially in countries like China. Despite that seeing is believing, (communist) ideology is (much) stronger than seeing....

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Panic in Beijing (Bloomberg)

Bloomberg New Economy title: Panic in Beijing By: Chris Anstey Date: 22 July 2023 "For years, Xi Jinping has browbeaten China’s big private-sector companies as he increased Communist Party control of the economy, all while codifying the primacy of national-security. Now it seems he’s surprised at the result. With private-sector investment contracting in...

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