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Why Hong Kong could be the flashpoint for a new financial war

First published: New Statesman 02/06/2020

The American political scientist Edward Luttwak described his country’s trade spats with Western Europe and Japan in the 1970s as “the logic of conflict in the grammar of commerce”. Half a century later, you couldn’t come up with a more apt context for thinking about the feisty state of relations between China and the US specifically, and the West in general. In the past two years, this conflict has been described by a number of “wars”: a trade war, a tech war, an information war, a propaganda war.

Another is looming: financial. Put more formally, “financial war” is about the worrying possibility of the weaponisation of capital. Read on….