Why New Nebraska Senator’s China Ties Are Causing Concern

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Why New Nebraska Senator’s China Ties Are Causing Concern
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Pete Ricketts has invested in firms linked to China and North Korea for years. Now he’s in the U.S. Senate where a quagmire of conflict-of-interest claims await.

on behalf of North Korea during the Trump administration. What’s more, The Daily Beast discovered that two of the Schulze entities in which Ricketts reported possessing stakes had signed a $23 million deal during 2021 to hand over control of a massive Ethiopian cement plant to Chinese interests—literally helping to pave the way for Beijing to increase its influence in Africa.

A recurring concern in Diamond’s studies and writings on China is what he describes as “sharp power”—distinct from the traditional dichotomy of “soft” propaganda campaigns and “hard” military might. Sharp power, he argued, is “covert, coercive, or corrupting—and quite frequently all three.” He pointed to Russia, Saudi Arabia, and Qatar as other skilled practitioners of this form of international influence.

The answer, Diamond argued, is transparency: not just from Ricketts personally, but from all of Congress. He called for the creation of a fully independent oversight body to review and regulate House and Senate ethics, so as to shield the American system from the intrigues of wealthy foreign actors.

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