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Honest AIIB

America’s opposition to  China’s creation of an Asian Infrastructure Investment Bank (AIIB) is not only a “self-defeating farce” but also an outright hypocrisy. The late philo­sopher Bertrand Russell once remarked, “We have, in fact, two kinds of morality side by side: one which we preach but do not practice, and another which we practise but seldom preach.” Russell’s words apply to the Obama administration’s stance on AIIB. The primary function of this bank is to finance infrastructure projects in Asia’s developing countries. America has long admonished China to become a “responsible stakeholder” in Asia, and China is attempting to become one with the creation of AIIB.