Compiling an enemies list was a cinch for the United States during the Cold War, what with most of the Soviet Union’s nuclear arsenal targeted its way. Friends of the Soviets immediately became America’s enemies, and Soviet enemies became U.S. friends. That made China a U.S. enemy of the highest order, a ranking shared by the Soviet client-states of Cuba, North Korea, and North Vietnam, against which the United States fought. Muammar Gaddafi's Libya rose to high-enemy status under President Ronald Reagan, a position it maintained until he surrendered its nuclear program.
from The Great Debate:
The spilling of blood and burning of factories by anti-Chinese rioters sweeping across Vietnam reinforces Beijing’s message to other countries claiming territory in the South China Sea: resistance is costly and ultimately futile.
from Nicholas Wapshott:
After America’s ignominious defeat and hurried departure from Vietnam in 1973 -- when the world’s richest and mightiest nation was humbled by the stolid determination of ill-equipped, ideologically inspired peasants -- it was generally assumed the United States would not wage war again until the lessons of the Viet Cong victory were taken to heart.
By Rob Cox
This column appears in the Oct. 1 edition of Newsweek magazine. The author is a Reuters Breakingviews columnist. The opinions expressed are his own.
from Global Investing:
It's a hard slog sometimes looking for new and surprising sources of global economic growth that have not already be heavily discounted by global investors, especially in the uncertain world of 2012. It's been as hard of late to find new arguments to invest in China and quite a few people suggesting the opposite.