STAND ASIDE, THE YUAN IS COMING! 4066


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PaPaPeng We

STAND ASIDE, THE YUAN IS COMING! 4067
I must apologise for making a more prompt response. I had put in the last remark about a nuke war as an...

I guess that I'm among the minority who don't think that America and China are natural enemies. There are dark predictions that can be made about the future, but when cataclysmic events happen then tend not to be the cataclysims that everyone was predicting. Most of the predictions are remnants of cold war thinking. My thesis is that a prosperous China is good for America, both in the short run and in the long run. Though the saying has become a cliche (and a partisan one at that), "a rising tide lifts all boats".

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Ironically, while you have a negative view of the US, many of the things that ardent China supporters say are things that I interpret as very positive signs for both countries. Most particularly, much of what is (perhaps unfairly) called "Chinese chauvinism" is really just Chinese people bragging that they are better capitalists than Westerners. For that to be a goal of the Chinese is a very good thing because one of the most fundamental concepts of capitalism it that compebreastion is good. For you to be quoting Keynes is a perfect example of the progress that has been made, 30 years ago no one would have quoted Keynes to support the Chinese way of doing things unless they were misquoting him. With the path that China is on, the US and Chinese economies will become more and more intermingled over time and more and more dependent upon each other. Armed conflict between the two nations is already impractical and over time the sources of potential conflict will dissipate. There may be ecomonic dislocations on both sides in particalar sectors of the respective economies at particular points in time. There may be verbal squabbles between the two countries. But in no way does the succuss of one country imply the dissolution of the other.

 



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