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Was the Jeffrey Epstein Drama Only about Sex and Money or a Sort of “Apres Moi Le Deluge” System-corrupting Self-indulgence? Please Join Us April 9

What lessons should we learn from Jeffrey Epstein’s successes in accessing social and financial capitals from a network of elite cronies and supportive women?  Was it just the sex or was it more the money to be made from insider deals and gaining access to insider information?

Could it be as simple as Epstein finding willing co-conspirators in contributing a fin d’empire misadventure, contributing to the failure of the American experiment in ordered liberty?

Did his charm and talents not degrade liberty into decadence?

Consider the social, cultural, financial, commercial and political statuses of his “pals,” as revealed in the released emails.

Elite failure with sinister implications for our future?

Please join us at 9:00 am (CDT) on Thursday, April 9, on Zoom to discuss the Epstein contagion.

To register, please email jed@cauxroundtable.net.

By the way, March Pegasus will also be on this topic.

The event will last about an hour.

Civic Virtue in Action

My thanks to John Mannillo, a man of dedication, determination and implementation, for convening a group of experienced and caring St. Paul residents to brainstorm how to set off a rejuvenation of the city.  John gave the name “defibrillator” to their analysis, conclusions and recommendations to focus attention on action now!  Get the heart of St. Paul pumping out progress and community self-confidence once again.

A press release announcing the project can be found here and a copy of the group report here for your review and comment.

I will send on to John your reactions and suggestions.

What Does 2026 Have in Store for Us – Happy Convergence or a Wild Ride?

For the third time to provoke us to shift our perspectives, I have used the Yijing and its hexagrams to point us towards flows of success and failure as we move through another 12 months of a lunar year and see history unfold around us – for better or for worse.

Recently, I sent a notice on the accuracy of my predictions for last year.

This essay relates premonitions and predictions to what we see happening now.

President Trump’s war against Iran and its leaders fit the dynamic of a Fire Horse year very well, but may not be so in line with the modalities favored by the Yijing’s hexagram 45.

Briefing Pope Leo XIV on the Covenants of the Prophet Muhammad to Respect and Protect Christians

Last week, I was in Rome for a brief audience with Pope Leo XIV on Wednesday morning and a meeting the next day with Cardinal Pietro Parolin, the Vatican’s secretary of state.

The audience with the Pope was to brief him on the covenants of the Prophet Muhammad, given more than 1,300 years ago to respect and protect Christians and Jews.

Informed by the astute guidance of Cardinal Silvano Tomasi, the Caux Round Table has provided good offices for six years now to an interreligious study of those covenants and to consideration of how they now provide our global community with a precedent for respectful and peaceful relations among the Abrahamic faiths in the Middle East and across the world.  Our study has led to the publication of four books and two most important academic articles by our Muslim colleagues.

We had met with the late Pope Francis, who had strongly endorsed our study, to inform him of our findings and conclusions and we had kept him closely informed of what we were learning from the study of ancient texts and histories.  Last week’s meeting with the Pope was our first opportunity to tell the new Pontiff about the Prophet’s covenants and their implications for our time.

Pope Leo was surprised to learn of the covenants.  I was quite impressed at how so very quickly he took into account 1) the implications of the fact that the Prophet Muhammad had given such favorable consideration to Christians and Jews and 2) the relevance of that precedent for interreligious relations – and the end of violent conflict – in our world today.

I closed our brief exchange by informing the Pope of the plans of our colleagues in Lebanon to work with leaders of the different religious communities to revive the practice of the Prophet Muhammad to give covenants, one faith to another, of respect and protection of the other in order to firmly establish peaceful and fruitful cross-community relationships for the years to come.  He smiled at me and nodded his head a bit as he thought about that prospect.

Here are a few photos of our meeting with Pope Leo from the Vatican Photo Service:


The next day, Cardinal Tomasi and I met with Cardinal Parolin to report on our exchange with the Pope and brief him on the proposed revival of covenanting in Lebanon:
The Cardinal was most pleased at the prospect and said that a ceremony at the Vatican to celebrate such covenant agreement would be most appropriate.

So, now our focus on the covenants of the Prophet Muhammad turns from study to action, action informed by study and piety and most necessarily, motivated by the most noble sentiments privileging peace on earth and reflecting good will to all humanity.

I Ching Hexagram “Lake over Thunder – Following” (隨): What to do When Domestic and Foreign Policies Are Two Sides of the Same Coin? 

[This essay is sponsored by the Caux Round Table for Moral Capitalism (CRT) as a contribution to public policy discussions in Vietnam and the United States on Vietnam’s opportunities for growth and development, in the context of the CRT’s global ethical principles for capitalism and government]

I Ching Hexagram “Lake over Thunder – Following” (): What to do When Domestic and Foreign Policies Are Two Sides of the Same Coin?

Following external pressures while ignoring the will of one’s own people… Internal changes such as bureaucratic reshuffling, administrative downsizing, or inspections of major projects already underway may satisfy certain factions, but they have not yet liberated the vast social energies that have long been constrained.

 

Stephen B. Young & Nguyễn Thế Hùng

 

Introduction: The Political Wisdom of the “I Ching” 

 

In the “I Ching” (Book of Changes), the hexagram “Lake over Thunder – Following” () conveys a profound political principle: when historical circumstances undergo powerful transformation, leaders cannot simply resist the currents of change. Instead, they must align themselves with the evolving patterns of the time and guide their nation through the turbulence.

The symbolic structure of this hexagram is revealing. The upper trigram is “Lake” (Dui), associated with joy, openness, and social harmony. The lower trigram is “Thunder” (Zhen), representing sudden movement, awakening, and dramatic change. The imagery suggests a society experiencing powerful forces of transformation beneath the surface, while the leadership above must maintain balance, responsiveness, and harmony.

The classical judgment for this hexagram reads: “Following. Supreme success. Perseverance brings benefit. No blame.”

In other words, when a society responds to change according to fundamental principles, it can achieve prosperity, benefit the many, and maintain long-term stability.

 

However, “following” in the I Ching does not mean blind compliance. The text consistently emphasizes that true success arises only when strength and flexibility are balanced, and when internal legitimacy aligns with external adaptation.

Viewed through this lens, a major tension becomes visible in contemporary Vietnam: foreign policy seeks flexibility and integration with the world, while domestic political structures remain constrained by outdated institutional patterns.

When the two sides of the same system operate according to contradictory logics, the balance described in the hexagram can begin to break down.

1. Iran, Venezuela, and Cuba: Global Thunder Before the Storm 

The inner trigram of this hexagram is Thunder (Zhen). In nature, thunder never erupts without warning. It is always preceded by the accumulation of dark clouds, pressure, and storm.

Recent developments in several countries illustrate this dynamic clearly.

In Venezuela, years of economic collapse, corruption, and authoritarian governance have produced extreme levels of social frustration. The anger of the population accumulated over decades before erupting into political upheaval.

In Iran, economic crisis has intensified as currency depreciation and inflation erode living standards. Public dissatisfaction has triggered waves of protests and growing instability within the political system.

In Cuba, the situation may be even more stark. Poverty and stagnation are visible throughout cities and rural areas. The country has experienced widespread blackouts, shortages of fuel, and lack of food supplies—clear signs of a system exhausted after decades of isolation and inefficient governance.

These examples illustrate an important political law: A regime may survive for a long time through political control, but without institutional and economic reform it eventually faces systemic crisis.

In many cases, the trigger for change is not purely domestic. External pressures often accelerate the moment of transformation.

The assertive foreign policy of Donald Trump toward countries such as Venezuela, Iran, and potentially Cuba should not be interpreted solely as a geopolitical struggle for resources like oil. Rather, it may function as a trigger mechanism within a larger historical process.

From the perspective of the I Ching, such actions correspond to the word “Yuan” (Origin or Foundational Principle) in the hexagram’s judgment. They attempt to reshape the underlying principles governing international order.

 

The key question, therefore, is not whether change is coming. The key question is which national leaders will recognize the emerging principles of the new era and adapt accordingly.

2. Should Vietnam “Follow the Times” in This Global Storm? 

Navigating between competing great powers is not automatically equivalent to practicing the wisdom of the Hexagram “Following”.

Vietnam currently faces intense geopolitical pressures. It must maintain relations with China, while simultaneously deepening economic and strategic cooperation with the United States, Europe, and other major powers.

In this context, the upcoming visit of Vietnamese Communist Party General Secretary Tô Lâm to Beijing fits the logic of pragmatic adjustment: one cannot ignore geopolitical realities and must adapt to protect national interests.

Yet the I Ching warns that genuine “following” only produces positive results when it rests upon moral legitimacy and a stable ethical center.

Without such a center, flexibility risks degenerating into dependence.

True strategic autonomy requires something deeper than diplomatic maneuvering. It requires internal legitimacy rooted in the trust and participation of the people.

3. Vietnam’s Greatest Paradox 

This brings us to Vietnam’s most fundamental contradiction today.

Vietnam is seeking deep integration into the global system—economically, technologically, and strategically. It has signed numerous trade agreements, expanded foreign investment, and established comprehensive strategic partnerships with many countries.

Yet domestically, the political system continues to severely limit fundamental civil liberties, including freedom of expression, freedom of the press, and broader civic participation.

This creates the central paradox: Following external change while not following the will of the people at home.

Internal reforms—such as administrative restructuring, anti-corruption campaigns, or oversight of large state projects—may resolve conflicts among political factions. But these actions have not yet unleashed the enormous social and creative potential of Vietnam’s nearly 100 million citizens.

If Vietnam truly wishes to “follow the time,” it must liberate the productive energies of its society.

 

A country cannot realistically aspire to become a Comprehensive Strategic Partner (CSP) with democratic nations while simultaneously maintaining a political system that restricts core civil liberties.

In the long run, foreign policy and domestic governance cannot travel on separate paths.

The I Ching teaches that yin and yang must remain balanced. If one side develops while the other is suppressed, the entire system becomes unstable.

4. The “Illusion of Stability” in Closed Systems 

One of the greatest dangers faced by closed political systems is self-deception produced by their own propaganda structures.

When information flows are tightly controlled, ruling elites may come to believe that society remains stable—even when deep transformations are occurring beneath the surface.

This produces what might be called an illusion of stability.

Propaganda does not only reassure the population; it can also prevent those in power from accurately perceiving the real condition of the country they govern.

In the digital age, however, this situation is becoming increasingly unsustainable.

As Vietnam integrates more deeply into the global economy and as internet connectivity expands, citizens inevitably compare their own political and economic realities with those of other societies.

Information, knowledge, and global benchmarks are steadily reshaping how people understand:

• their rights
• their opportunities
• and the legitimacy of political institutions.

5. Following the Time — But Ultimately Following the People 

The deeper message of Hexagram Following is not that societies should simply align with the strongest power.

Rather, it teaches that the ultimate force in history is the collective will of the people.

Wise diplomacy is necessary. But diplomacy cannot substitute for internal reform.

If a country truly seeks to integrate into the modern world—economically, technologically, and politically—it must build institutions based on:

 

• rule of law
• transparency
• and respect for human rights.

These principles are not merely moral ideals. In today’s global system, they function increasingly as structural requirements for sustainable development and international credibility.

Without such foundations, foreign policy strategies become temporary patchwork solutions.

Democratic societies cannot be indefinitely misled or manipulated. Their governments operate under real constitutions, competitive elections, and the constant scrutiny of voters.

Even when policymakers act from pragmatic interests rather than moral conviction, they must still respond to ethical expectations embedded within democratic institutions.

The earlier intellectual work on Moral Capitalism, as well as the continuing discussions within the CRT (Caux Round Table) community, reflect precisely this fundamental principle: societies endure when economic power is aligned with moral legitimacy.

Conclusion: 

The hexagram “Lake over Thunder – Following” teaches that political wisdom lies in recognizing when the fundamental principles of an era are changing. To recognize that shift is to understand how to move with the current of history rather than against it. But the defining currents of the 21st century are not limited to geopolitical competition among great powers. They also include:

• the rise of civil society
• the global diffusion of rule-of-law principles
• and the growing human demand for dignity, freedom, and civic participation.

If domestic and foreign policy are understood as two sides of the same coin, the strategic choice facing any nation becomes clearer. A country can adapt to the direction of history, reform its institutions, and integrate authentically into the international community. Or it can continue along an older trajectory—one that many nations have already followed, only to discover too late that delaying reform merely magnifies the crises that eventually arrive.

Stephen B. Young, JD, is a retired Dean and Professor of Law at Hamline Law School.  His book Moral Capitalism is being published in Vietnamese. His scholarly works on Vietnam include The Tradition of Human Rights in China and Vietnam, a study of classical jurisprudence in China and Vietnam. When serving in the United States Agency for International Development in Saigon (1968-1971) he studied the I Ching (Kinh Dich) with Mr. Duong Thai Ban, a noted master of the art of consulting the ancient hexagrams. He has been interviewed by the BBC in Vietnamese on his book Kissinger’s Betrayal: How American Lost the Vietnam War and has been published on the Tieng Dan website.

Dr. Nguyễn Thế Hùng, a Vietnamese physicist holding a Ph.D. in Physics, is a scholar known for his strong scientific foundation and analytical approach to philosophical and cultural studies. With a deep interest in exploring ancient principles, he brings a modern scientific perspective to traditional Eastern thought. His latest publication on I Ching (Kinh Dịch), one of the oldest philosophical classics of East Asia, reflects this interdisciplinary vision.

In the book, Dr. Nguyễn seeks to interpret the I Ching—a system centered on the concepts of yin and yang, transformation, and the dynamic nature of the universe—through the lens of contemporary scientific reasoning. Rather than treating it solely as a mystical or divinatory text, he approaches it as a symbolic framework that embodies profound insights into change, order, and human experience.

A Most Significant Anniversary

Two hundred and fifty years ago today, March 9, 1776, Adam Smith’s most influential book, An Inquiry into the Nature and Causes of the Wealth of Nations (more commonly known as The Wealth of Nations), was published.

To mark the anniversary and to honor the almost miraculous intellectual and so indirectly, the policy contributions of a great mind, the Caux Round Table has published, with De Gruyter Brill, a book of essays on the book:

To learn more and/or purchase a copy, please click here.

More Short Videos on Relevant and Timely Topics

Here are several more short videos on relevant and timely topics.  They include:

New Book: Adam Smith and Modern Economics

On the Epstein Scandal

Media Freedom Lowers Corruption

Trump, Tariffs and the Meaning of Words

Trump and Norman Vincent Peale

All our videos can be found on our YouTube page here.  We recently put them into 9 playlists, which you can find here.

If you aren’t following us on Twitter or haven’t liked us on Facebook, please do so.  We update both platforms frequently.

Last Year’s Yijing Predictions Largely Came to Be

The last few years, I have sought to globalize cultural analysis of the forces which move events – are they moral in any sense?  To do this, I have consulted the ancient Chinese Yijing – 64 hexagrams each of which has six lines, each representing a yin force or a yang force.  The arrangements of the lines offer a prediction as to the direction of events.  So, the hexagram associated with a particular year gives us a coherent sense of what will have effect during the year and what will be of little effect or even suffer reverse or failure during those 12 lunar months.

As midnight Monday was the end of lunar year 2025, this notice is a report on the accuracy of my predictions for that year.  I will shortly consult the Yijing again for its wisdom on what is to come during the current lunar year of 2026.

Last January, I made the following observations as to what would likely happen during 2025.  The relevant hexagram was #44.  It called things pretty much as they would happen over the year.

Here is some of what I concluded:

The fissiparous nature of the world order will frustrate the emergence of leaders with the necessary yang energies to respond to the times with alliances and collaborations.  We can expect petty squabbles, petulance, disobliging, stubborn, recalcitrant, beggar-thy-neighbor policies and decision from all quarters.  This will hinder ending the wars in Ukraine and between the Palestinians and the Jews of Israel.

In the U.S., President Trump, personally in line with yang energies, will find himself checked internationally by an unwillingness to see things his way or meet his demands.  He would be better served if he backed away from threats and punitive responses which use yin and spread his concern and compassion for others far and wide, being a partner, not a boss.  He should think of himself as a kind and gentle wind blowing freely everywhere to bring hope of change through team spirit to everyone.  He should think big and wholesomely about moving Heaven and Earth for the good of all.

In a very consequential mistake, going against this lunar year’s auspicious energy flows, was Trump’s decision in early February 2025 to impose tariffs on American imports from Canada and Mexico.  The Canadians and Mexicans immediately retaliated, setting off a trade war that will raise hard feelings, provoke anger and resentment and prevent collaboration.  Going against the yin/yang balance of this Year of the Snake will make it harder for Trump to get his way and so confront him with a loss of power and influence.

Domestically, Trump will achieve more, as he has a team in place and he engages with them, allocating responsibilities for results to others.  He is taking advantage of their willingness to work together on an agenda.  His opponents – symbolized by the first line denoting yin energy – will be unable to obstruct him.  The more he reaches out and engages (“couples,” as the hexagram says) with others, the more he will be successful.  The more he tries to impose his will on others, the less he will accomplish.  It is a year set to reward coalition building and finding the middle ground, giving advantages to all parties.

The Democratic Party, resting in the first line of the hexagram, will not get its act together.  They are out of sync with the times.  They have lost sight of Heaven and Earth and are so prevented from using the great powers of those realms to further their aspirations and their efficacy.  As Proverbs 28:19 tells us, “Where there is no vision, the people perish.”

The advantage will be to the small, the innovative, the trusting and the trustworthy, in the economy – not the behemoths of the great corporations.  Artificial intelligence will assist collaborations, as it makes useful for small businesses and entrepreneurs data multiplied by data.  Those who stand aside or refuse to align their efforts will stagnate or fail.  The flow of forces should moderate inflation and keep equity markets optimistic.  However, there will be no success in reducing debt levels.

I do not see reforms in American education, reversing recent trends of declining competence in reading, writing, mathematics and the ability to think rationally and effectively.  Fixations on “my truths” and lack of respect for merit will prevent schools, colleges and universities from engaging with and inspiring their students to benefit from primal energies and soar in their ability and their aspirations.  Those institutions, too, are stuck in the first line of the hexagram – a yin-bounded view towards life, cut off from greater yang possibilities.

Please Join Us to Celebrate Adam Smith’s Contribution to Modernity and Human Prosperity on March 9 on Zoom

Please join us at 9:00 am (CDT) on Monday, March 9 on Zoom to celebrate the release of our new book, Adam Smith and Modern Economics: Reclaiming the Moral High Ground!

The book was planned to commemorate one of the most significant steps forward in Western intellectual history and in its political and economic production of modern civilization – the publication of Adam Smith’s book, An Inquiry into the Nature and Causes of the Wealth of Nations (more commonly known as The Wealth of Nations) 250 years ago this March 9, 2026.

To register, please email jed@cauxroundtable.net.

Event will last about an hour.