Wall Street must stop riding the tiger

The Pentagon just released an ominous assessment of Communist China’s military build-up. It warns that American investors have been underwriting this alarming and growing threat to our country.

The Defense Department says the Chinese Communist Party’s “fusion” of industrial capabilities for weapons and commercial purposes “means there is not a clear line between the PRC’s civilian and military economies, raising due diligence costs for U.S. and global entities that do not desire to contribute to the PRC’s military modernization.”

Unfortunately, some leading U.S. financiers don’t seem to care that their reckless pursuit of personal profits is enabling the danger we face from our Chinese Communist enemy. For example, best-selling author and filmmaker Peter Schweitzer has a new film called “Riding the Dragon” that documents how Joe Biden’s son, Hunter, apparently did that repeatedly.

There must be costs for funding our foes.

This is Frank Gaffney.

About Frank Gaffney, Jr.

Frank Gaffney is the Founder and Executive Chairman of the Center for Security Policy in Washington, D.C. Under Mr. Gaffney's leadership, the Center has been nationally and internationally recognized as a resource for timely, informed and penetrating analyses of foreign and defense policy matters. Mr. Gaffney formerly acted as the Assistant Secretary of Defense for International Security Policy during the Reagan Administration, following four years of service as the Deputy Assistant Secretary of Defense for Nuclear Forces and Arms Control Policy. Previously, he was a professional staff member on the Senate Armed Services Committee under the chairmanship of the late Senator John Tower, and a national security legislative aide to the late Senator Henry M. Jackson.