Excerpt from George Friedman’s recent presentation in South Korea. These are highlights from the Q and A after George’s presentation. Watch the edited presentation here…<br /><br /><a href="https://www.youtube.com/watch?v=s6pRpsuanhM&t=479s" target="_blank" rel="nofollow">https://www.youtube.com/watch?v=s6pRpsuanhM&t=479s</a><br /><br />This event was streamed live Sept 18 2020. Watch the unedited talk here…<br /><a href="https://www.youtube.com/watch?v=93e7U5j5dsA&t=3607s" target="_blank" rel="nofollow">https://www.youtube.com/watch?v=93e7U5j5dsA&t=3607s</a><br /><br />Script:<br /><br />JAE HO CHUNG<br />Why is the Trump administration pushing so hard to to keep troubles to China? Because if you believe that China is not going to be a major world power, <br /><br />thereby not threatening the United States, why why would one US administration will go that far to keep troubles? That's my first question. <br />There is a fundamental difference between Japan and China, the United States, under the Bush administration, had an intense confrontation with the Japanese. And the mood in the United States store in Japan. <br /><br />Their movies made about Japanese business was intense, the Japanese have room for maneuver. The Japanese did something extremely intelligent, they restructured their financial system, they created an austerity that was not present and the country took it. <br /><br />This was already going on with Obama. And the point was, the Chinese did not refuse to do these things because they were greedy, or cruel or stupid. <br /><br />They didn't have the room for maneuver. They didn't have the room for maneuver, because they're constantly looking not at the Borderlands. <br /><br />But that part of China that did not participate in the growth, and also being concerned about the political commitment of the eastern coastal region, that is paying the price for it. <br /><br />And the answer to that was the fact that the GDP is growing doesn't tell you about the political stability of the country. So I would argue that, in the case of China and the United States, do you Chinese could not modify their trading system. <br /><br />This was coming. And the Japanese handled the same problem in a very different way. They said, okay, we've run the course, Chinese couldn't do that. <br />And the United States had the option. So I would not call it a decoupling. <br /><br />Firstly, this great deal of trade going on. Okay. I would rather want say they one country in a trade relationship. I wanted to redefine the terms. <br /><br />There was nothing sacred with the terms over there. <br /><br />And politically, no precedent really, of the I could have gotten disrupted administration not being particularly hard on China. It wants a new trade agreement. Its rhetoric is everything else. <br /><br />This is simply a trade dispute that the Chinese have made to appear as if it was a completely illegitimate event. Trade resuits, you're having Brexit and the same thing, but trade disputes are a normal part of the international trading system. <br /><br />If you look at the way it was handled previously, in other ca<br />...<br /><a href="https://www.youtube.com/watch?v=6AwmcRKVKBY" target="_blank" rel="nofollow">https://www.youtube.com/watch?v=6AwmcRKVKBY</a>