Inside Asian Gaming

INSIDE ASIAN GAMING JANUARY 2018 34 THE DISMAL OPTIMIST In his latest column for Inside Asian Gaming , Dr Peter T Treadway explores the rise of Chinese technology and its long-term implications By Dr Peter T Treadway Professor, author and financial advisor, Dr Peter T Treadway is currently principal of Historical Analytics LLC, a consulting firm with an investment approach based on his Wall Street experience as economist, strategist and securities analyst. The rise of Chinese technology and the US response I N 1914 the Europeans (including the British) ruled the world. Their empires spanned the globe, their culture reigned supreme, financially they were the center of the world, their science was a marvel and they had convinced themselves and a good part of the world that they possessed a moral superiority. But by 1945, they had massacred tens of millions of their citizens, bombed their beautiful cities into rubble and bankrupted themselves financially and morally. German, the emerging language of technology in 1914, disappeared from the pages of global science. How did such a catastrophe happen? Simply put, Britain, France and Russia could not abide the rise of an aggressive Germany and unwittingly opted to destroy their entire European civilization. Only