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ECONOMICS AND FINANCE

QUORA: WHY DOESN'T THE US START ITS OWN BELT AND ROAD INITIATIVE?

5/22/2020

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Vince Dhimos answered a question at Quora.
                                                                   
https://www.quora.com/If-China-has-the-Belt-and-Road-Initiative-why-is-the-US-not-doing-anything-This-is-obviously-a-very-good-idea/answer/Vince-Dhimos

If China has the Belt and Road Initiative, why is the US not doing anything? This is obviously a very good idea.

Vince Dhimos -- Editor-in-Chief at New Silk Strategies (2016–present)
 
Yes, it is obviously a good idea.
 
But in US “democracy” today, the government does not solve problems or build good relations with other nations. Its ONLY motivation is purely political. The question it asks is: if I do this, will I get more votes?
 
Russia and China are not motivated by this kind of thinking.
 
The US thinking in international economics is zero-sum. Thus, if we hurt their economy, this helps our economy. It is irrational but that is how they think. Using this kind of “logic,” Steve Bannon, the psychopathic former adviser to President Trump, once said “we need to screw up the BRI” (China’s Belt and Road Initiative). Even US Democrats like Chuck Schumer agree!
 
In their sick minds, hurting the Chinese economy automatically boosts the US economy. How? They don’t say. They don’t have to. Their spew garners votes.
 
Given this kind of thinking in the US vs the win-win approach of the Chinese – and also the Russians, who do you suppose will win in the long run?
 
 
WAR NEWS
https://www.almasdarnews.com/article/saudi-arabia-rejects-israels-plan-to-annex-west-bank/?utm_medium=ppc&utm_source=push&utm_campaign=push%notificationss&utm_content=varies

Saudi Arabia rejects Israel’s plan to annex West Bank
 
By News Desk
 
2020-05-21
 
BEIRUT, LEBANON (6:45 P.M.) – The Saudi Ministry of Foreign Affairs expressed the Kingdom’s rejection of Israel’s plans and measures to annex lands in the West Bank and impose Israeli sovereignty over them.
The Ministry stressed that the Kingdom condemns any unilateral actions, and any violations of international legitimacy decisions, and all that may undermine the chances of resuming the peace process to achieve security and stability in the region.
The Saudi Foreign Ministry reaffirmed the Kingdom’s steadfast stance “towards the brotherly Palestinian people and its permanent standing at its side and supporting its options by establishing an independent Palestinian state, with East Jerusalem as its capital.”
They also affirmed the Kingdom’s support for the efforts calling for advancing negotiations in accordance with the international legitimacy decisions, to reach a just and comprehensive solution that meets the aspirations of the Palestinian people.
It is noteworthy that the deal proposed by U.S. President Donald Trump for a settlement between the Palestinians and Israel gives the latter the right to annex lands from the occupied West Bank.
 
Source: Saudi Press Agency

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