i mean, this idea of doing, if you like, a reverse kissinger and perhaps pulling russia away from china because china is now the bigger threat is an idea that does the rounds and think tanks you will have heard it talked about, but it s not as simple as that because for the moment these two countries do have shared interests. what is the case, however, is i think that in the long run you clearly can identify divergent interests and actually say china is the rising power, its economy is much, much larger than that of russia, its population is ten times that of russia and even potentially in the future there could be territorial tensions between russia and china. a lot of modern day ruia was once in china, you know, in the 19th century and the russians i think are anxious that all of their energy resources, most of them are in the east, which is very underpopulated, china is very, you know, short of energy. so you could see maybe in a decade s time potential tensions between the two coun
russian reliance on china. gideon, aren t these two countries very different in a kind of odd couple, in a way? china is fundamentally a rising power, russia is fundamentally a declining power. atlantic council has a nice interesting report on the two called axis of collusion, the fragile putin/xi relationship. it makes a point there s all this rhetoric of partnership but underneath it chinese investment in russia is actually declining. the chinese are not trying to help russia, for example, diversify its economy away from the petrol state that it is. do you think that the west should be exploiting those tensions? w i think, you know i think it s probably easier said than done. i mean, this idea of doing, if you like, a reverse kissinger and perhaps pulling russia away from china because china is now the bigger threat is an idea that does the rounds and think tanks you will have heard it
instagram. you can certainly say that facebook shouldn t have acquired whatsapp and instagram so you had more spaces and more social media platforms, but one point, fareed, i don t think antitrust is the silver bullet to solve the biggest issue which is that a lot of americans have been left out of the wealth generation of the digital economy and these 25 million jobs and how do we actually get more things like intel into ohio and creating jobs. and the book really focuses on how do you decentralize it. antitrust is not some magic wand that would do that. right. so let s talk about that. how do you make that happen and why if it were a good idea, wouldn t the market be doing it anyway? i mean, in other words, are you fighting pretty fundamental forces of the market in forcing some of these companies to go into places where they have not found a competitive advantage to doing so? you re structuring the market to incentivize that. for the longest time here is
media platforms, but one point, fareed, i don t think antitrust is the silver bullet to solve the biggest issue which is that a lot of americans have been left out of the wealth generation of the digital economy and these 25 million jobs and how do we actually get more things like intel into ohio and creating jobs. and the book really focuses on how do you decentralize it. antitrust is not some magic wand that would do that. right. so let s talk about that. how do you make that happen and why if it were a good idea, wouldn t the market be doing it anyway? i mean, in other words, are you fighting pretty fundamental forces of the market in forcing some of these companies to go into places where they have not found a competitive advantage to doing so? structuring the market to incentivize that. for the longest time here is what happened, the digital economy, globalization, took place and you had people say, no problem, we re going to create wealth, there s going to be this
part of some republicans to cool it open the dense cuts or maybe shelf them or shelf the automatic backup cuts entirely, wouldn t the market tank or our credit rating tank again? guest: zanzi was on fox news yesterday and he is moody s economist and he said probably not. he said they have made some progress at least that is what i thought he said. and, the ratings are what they are. s&p took a lot of heat for cutting us the one notch they did. think about it, is france really a better rating than us? is it a better credit risk than us in neil: but if we are downgraded again based on this? guest: why should we? the market says we should have been downgraded to begin with because we are better than europe as bad as they are and i don t care what anyone says we have had arguments about this, we are not going to get or come to a conclusion on cutting the size of 9 deficit until people