Article

2010-03-15 China-Japan-Koreas

Is China's Politburo spoiling for a showdown with America?

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Posted by tipper 2010-03-15 10:31|| || Front Page|| [11 views ] Top

#1 "China has succumbed to hubris. It has mistaken the soft diplomacy of Barack Obama for weakness, mistaken the US credit crisis for decline, and mistaken its own mercantilist bubble for ascendancy."

And China is right. Obama is a weakling, the US is in deep trouble because of overspending, and mercantilism is a potent tool for ascendancy.

The comments for the article in the Telegraph just tear this opinion piece to shreds. Well worth a read.

Posted by Anonymoose 2010-03-15 12:00|| 2010-03-15 12:00|| Front Page Top

#2 While Karl Popper was undoubtably right (The Poverty of Historicism), I can't get over how everything seems a rerun of the 1930s. Although in this case China replaces Japan.

Remember Japan attacked Britain and then the USA because it feared Russia more. Japan lost WWII not because of America's military might or because of America's industrial capacity. They lost because their economy was too trade dependant.

Posted by phil_b 2010-03-15 22:22|| 2010-03-15 22:22|| Front Page Top

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