What we're watching: China wants to commercialize the moon

What we're watching: China wants to commercialize the moon

China's $10 trillion plan to commercialize the moon: Even for a country famous for its ambitious, headline-grabbing plans, this one's a doozy: China is mulling a new "Earth-moon space economic zone" that would create $10 trillion of new economic value by 2050. For context, that's nearly double China's current GDP. It may be half-baked, but don't dismiss the plans as pure science fiction: Beijing has been pumping money into its rocket program and even landed a probe on the dark side of the moon in January. We'll be watching China's plans with a wary eye on Washington too. If President Trump can't stomach the idea of China out-foxing the US on technology and trade, he's going to really hate it if the Communist Party tries to beat the USA at making a fortune in space. Space Force: battle stations!


"Leftwing bandits" vs "racist misogynists" in South America: Last week's presidential election in Argentina, won by the Peronist Fernandez-Fernandez ticket, has pitched the country leftward again. That could spell big trouble for ties with neighboring Brazil, which is currently governed by far-right firebrand President Jair Bolsonaro. The bilateral sniping has already started. Bolsonaro has called Argentina's new leaders "red bandits" and threatened to kick the country out of Mercosur, the region's largest trade bloc (he can't do it, but it's the thought that counts.) Meanwhile, Alberto Fernandez, Argentina's president-elect, has called Brazil's president a "racist, misogynist" and openly supported Brazil's jailed leftwing former President Lula, whom Bolsonaro and his followers despise. Not in recent memory have South America's two largest economies been so far apart ideologically, and that bad blood will soon taint two key regional issues: the crisis in Venezuela, where Buenos Aires is likely to be more sympathetic to the Maduro regime; and the future of the massive Mercosur-EU trade deal, which has yet to be ratified on both sides of the Atlantic.

Saudi Aramco's stock price: Saudi Arabia said on Sunday that it would proceed with the long-awaited initial public offering of its state-run oil company, Saudi Aramco, the world's biggest petroleum producer. The IPO, which could be the largest in history, has been held up amid weak oil prices and the controversy surrounding Crown Prince Mohammed bin Salman's alleged role in the death and dismemberment of Saudi journalist Jamal Khashogghi last year. We're watching this story in two ways: Narrowly, to see how this monster actually prices: MBS, who had originally hoped to fetch a $2 trillion valuation by selling part of Aramco, may well have to accept a lower price than he originally wanted. But we're also watching the broader political implications, since taking Aramco public is the centerpiece of the crown prince's ambitious (and potentially risky) plan to wean Saudi Arabia off its reliance on oil.

What We're Ignoring:

Mr Mukhlis' moralizing: You can draft laws that criminalize adultery, if you like. You can even prescribe quasi-medieval punishments for it. Like, publicly-lashed-by-a-masked-man-holding-a-rattan-cane type of punishments. But if you're going to do that, ideally you want to avoid getting caught by the police, in a car near the beach, making out with a woman who isn't your wife. That's exactly what happened recently to Mukhlis bin Muhammad, a religious leader from Indonesia's ultra-conservative Aceh province, where a strict version of Islamic sharia law has been in place for more than 15 years. The wayward Mr Mukhlis, who was part of the council that drafted the region's tough adultery rules, was lashed 28 times for his transgressions. We're going to go ahead and assume it's okay to ignore Mr Mukhlis' moralizing from now on.

Yau Abdul Karim lives and works in Garin Mai Jalah, located in the Yobe State of northeastern Nigeria. Essential to his work raising cattle is reliable access to water, yet environmental degradation has led to fewer water sources, severely impacting communities like his that depend on livestock. In 2019, with the help of FAO, Eni installed a special solar-powered well in Yau's town that provides water during the day as well as light at night.

Watch Yau's story as he shows how his family and community enjoy life-enhancing access to both water and light.

Ian Bremmer's Quick Take:

Hi, everybody. Ian Bremmer here. And I thought I'd talk a little bit today about the latest in Israel, Palestine. It's obviously been driving headlines all week. And of course, on social media, there's no topic that we all get along and agree with each other more than Israel, Palestine. It's an easy one to take on. Yeah, I know I'm completely full of crap on that. But I thought I would give you some sense of what I think is actually happening where we're going. So first point, massive fight, big conflict between Hamas in Gaza and the Israeli defense forces. Not only that, but also more violence and a lot of violence breaking out between Israeli Arabs and Israeli Jews. Extremists on both sides taking to the streets and fairly indiscriminate violence, in this case, worst since 2014.

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Nicola Sturgeon, Scotland's first minister, says another independence referendum for Scotland is now a matter of "when not if," and that after leaving the UK, Scotland will launch a bid to rejoin the EU. But there are formidable obstacles ahead.

Getting to a vote will force a complex game of chicken with UK Prime Minister Boris Johnson. If a majority of Scots then vote for independence — hardly a sure thing – the process of extricating their new country from the UK will make Brexit look easy. Next, come the challenges of EU accession. In other words, Scotland's journey down the rocky road ahead has only just begun.

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Cyber is a tool, and sometimes a weapon. Whether espionage for commercial gain or indiscriminate attacks on critical infrastructure, actions taken in cyber space affect you directly, potentially upending even the most mundane realities of everyday life.

Join GZERO Media and Microsoft for a live conversation on cyber challenges facing governments, companies, and citizens in a Munich Security Conference "Road to Munich" event on Tuesday, May 18.

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According to Delhi-based journalist Barkha Dutt, while the Indian government has finally started to mobilize in response to the COVID crisis, there's still a lot of denial about the severity of the ourbreak. "Our Health Minister, for instance, made a statement in the last 24 hours saying that India is better equipped to fight COVID in 2021 than in 2020. That's simply rubbish. We had India's Solicitor General telling the Supreme Court that there is no oxygen deficit as of now. That's simply not true." In an interview on GZERO World, Dutt tells Ian Bremmer that only the connection between fellow Indians, helping each other when the government cannot, has been a salve.

Watch the episode: India's COVID calamity

Listen: Ask national security experts how they view China today and they'll likely the use a term like "adversary" or "economic competitor." But what about "enemy?" How close is the world to all-out-war breaking out between United States and China? According to US Admiral James Stavridis (Ret.), who served as Supreme Allied Commander to NATO, those odds are higher than many would like to admit. In fact, Stavridis says, the US risks losing its military dominance in the coming years to China. And if push comes to shove in a military conflict, it's not entirely clear who would prevail. Admiral Stavridis discusses his bestselling new military thriller 2034 and makes the case for why his fictional depiction of a US-China war could easily become reality.

Subscribe to the GZERO World Podcast on Apple Podcasts, Spotify, Stitcher, or your preferred podcast platform to receive new episodes as soon as they're published.

Carl Bildt, former Prime Minister and Foreign Minister of Sweden, shares his perspective on Europe In 60 Seconds:

What's the issue with the letter in France talking about the "civil war"?

Well, I think it is part of the beginning of the French election campaign. We have some people in the military encouraged by the more right-wing forces, warning very much for the Muslim question. That's part of the upstart to the election campaign next year. More to come, I fear.

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When asked about where a US-China war may start, US Admiral James Stavridis (Ret.) doesn't hesitate: Taiwan. He suggests that China may believe the US is distracted by internal politics: "I think it would be a miscalculation on the part of the Chinese, but they may calculate that now is the moment." How would a move against Taiwan play out? Stavridis speculates how the Chinese military may plan to invade the island on the upcoming episode of GZERO World, which begins airing on US public television Friday, May 14. Check local listings.

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Beyond SolarWinds: Securing Cyberspace. Watch on Tuesday, May 18, 2021 10am PT/ 1pm ET

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Subscribe to GZERO Media's newsletter: Signal

Beyond SolarWinds: Securing Cyberspace | Watch on Tuesday, May 18, 2021 10am PT / 1 pm PT

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Subscribe to GZERO Media's newsletter: Signal