S8 Ep1205: Colonel Grant Newsham challenges the assumption of inevitable Chinese dominance, labeling it a "fake it till you make it" strateg

Colonel Grant Newsham challenges the assumption of inevitable Chinese dominance, labeling it a "fake it till you make it" strategy intended to intimidate foreigners. He points out that China's property market is a "crater" and its currency is not freely convertible, forcing the CCP to aggressively export overcapacity to earn the dollars needed for raw materials. Newsham highlights that over 600 million Chinese citizens live on less than $5 a day, and even the CCP elite, including Xi Jinping, keep wealth overseas as a hedge against the system's future. He argues that China's high-tech focus on AI and robotics does not solve its massive youth unemployment. Newsham concludes that China is a "big power but not a great one," functioning as a "rigged casino" without property rights or the rule of law, which is increasingly deterring foreign direct investment. (10)