> unprecedented relative peace since the rise of global capitalism This is not as it appears. The 'peace' has come at a tremendous economic and social cost to

> unprecedented relative peace since the rise of global capitalism This is not as it appears. The 'peace' has come at a tremendous economic and social cost to the United States, and to the people of China. That Ma frames the alternative as war demonstrates how dire the situation must be in China, that stimulating domestic demand and rebalancing their economy is no longer a viable option. The long tail was a fog hiding a crisis.