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Consumption demand, which has long powered America’s formidable economy, rests on the promise of cheap energy. But the Trump administration has conflated that with fossil fuels, confusing historic correlation with causation and, in the process, jeopardizing long-term prosperity.
Southeast Asian countries face two dilemmas in the Sino-US AI chip war: aligning their technology stacks with either of the great powers and preventing the illegal diversion of restricted chips.
The need for massive upfront investments and the likelihood of significant job displacement imply remarkable parallels between the AI buildout and the green transition. In both cases, the state has an important role to play in guiding market forces on behalf of the public good.
AI promises productivity gains, but without corporate and investor commitment, Singapore risks deeper inequality, higher emissions, and growing social strain as jobs are lost.
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