Much of the routine trade and investment between China and America is entirely appropriate and in America’s interest. But inserting the Chinese Communist Party into America’s pay-to-play system and its economic development strategy isn’t just crossing a line. It’s a leap into an abyss of stupidity.
Props to Hinz for checking this out. There have been some reports to the contrary, like here, that we did not publish because they looked wrong.https://www.edweek.org/teaching-learning/the-cryptocurrency-collapse-spells-trouble-for-teacher-pensions-heres-how/2022/12. Pensions may well have some indirect exposure through their investments in some venture capital funds that are invested in FTX, but that should be a small matter for any pension.