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"The west was sure the chinese approach would not work"? Is that why the west invested trillions of dollars in china over the past 4 decades? I expect very lit
by liftbigweights 8y ago
"The west was sure the chinese approach would not work"?
Is that why the west invested trillions of dollars in china over the past 4 decades? I expect very little from the nytimes, but this is a new low for them.
Did the nytimes assume Gordon Chang is "the west" and then run with that false premise?
If anything, we have gambled our future and put all our eggs in one basket - china. We looked to china to be the manufacturer of the world. Then during the financial crisis, we looked to china to increase debt to save the world economy from collapse. Now we are looking to china to be the consumer of the world to boost the world economy.
The west helped create modern china. It was our money, resources, expertise, technology and markets that helped create modern china. Why would we invest trillions in a country expecting it to fail?
From hollywood to the NBA to silicon valley to wall street to agriculture, "the west" is looking to china to be the source of growth for decades to come. Or maybe I'm missing something?
- ardy42 8y ago> The west helped create modern china. It was our money, resources, expertise, technology and markets that helped create modern china. Why would we invest trillions in a country expecting it to fail? I think the expectation was that it's political system would fail, not the country itself, and a liberal democracy would emerge from that failure. Much of the investment was sanctioned by the (now disproven) idea that capitalism invariably brings democracy and liberalization with it.
- withhighprod 8y agoha?How could it not fail when its political system fails? China’s history is full of turnarounds and disasters from the political failures