Sunday, October 11, 2020

Future of warfare: high-tech militias fight smouldering proxy wars

Helen Warrell 

January 21 2020

“Future wars will not begin and end; instead, they will hibernate and smoulder,” wrote defence strategist Sean McFate in an article outlining his prediction for the future of conflict. His portrayal of a grey zone between war and peace — now widely accepted among experts — will be the result of evolving international relations and changes to who appears on the front line. 

Insecurity over natural resources, the pressures of climate change and population growth, as well as long-running sectarian and religious tensions, are all likely to lead to conflicts that bubble continuously, analysts say; occasionally they will spill over into the public arena. 

Meanwhile, by 2050, the power of the state is expected to give way to autonomous regions, megacities and private interests, thus multiplying the range of protagonists in hostilities. 

Monday, October 5, 2020

Commentary: Those who can afford it must spend more to save the economy

Consumers can do our part to increase consumer spending because it is a lever that could have a big impact and one that we have some control over, says The Smart Investor’s David Kuo.

By David Kuo

05 Oct 2020 

SINGAPORE: As countries around the world gradually lift their restrictions in place to tackle COVID-19 and normalise economic activity, global economic chiefs have warned that we are not out of the woods yet.

On Sep 9, Kristalina Georgieva, the managing director of the International Monetary Fund (IMF), cautioned that a full recovery of the economy is unlikely without a vaccine and urged governments to continue their measures to support businesses and workers.

"This crisis, however, is far from over," she wrote in a column for Foreign Policy magazine, co-authored with IMF chief economist Gita Gopinath. "The recovery remains very fragile and uneven across regions and sectors. To ensure that the recovery continues, it is essential that support not be prematurely withdrawn."