Hi All, Sent out a free piece on geopolitics. The Chinese have transformed their standing recently, and some attribute it to long-term planning. Actually, it is more down to the disastrous leadership choices of Trump and Putin. Sometimes it really pays to be lucky more than good.

Also, Timothy Snyder  and I will be doing a Substack live today at 10am EST and 4pm CET on his substack Thinking About. We will be discussing the state of the Russo-Ukraine war, and try to tell a more complete story than the destructive and Russian inspired doom narrative being pushed. Come join us.