(The rise and fall of the old ways)
"Made in China"
Throughout the twentieth century a list of the world's great powers would include the United States, the Soviet Union, Japan, and northwestern Europe. But now that it's the twenty-first century the situation is very different. China is emerging as an economic and political heavyweight: China holds over a trillion dollars in hard currency reserves, and already a recognized nuclear power, is developing a blue-water navy. The National Intelligence Council, a U.S. government think tank states that in the future China will continue to be ranked among the world's largest economy. Such growth is opening the way for a much different era in global politics and economy.
This tectonic shift will pose a challenge to the U.S. dominated global institutions that have been in place since the 1940s. At the behest of the U.S., these multilateral regimes have promoted trade liberalization and open capital markets ensuring prosperity for six decades. But unless a rising power such as China is incorporated into the existing framework, the future of these international regimes will be uncomfortably uncertain. If China is not fully allowed inside current international institutions, they might create a new one -- leaving the United States on the outside looking in.
Since World War II the U.S. has sought to maintain a system of global control and domination. But that project is not easy to sustain. The system is visibly eroding, with significant implications for the future. Today notably China has become an increasingly influential player and challenger.
Maybe the elite are counting on this crisis so that they will have no other choice but to bring in their global New World Order. Out with the old, in with the new.
China's Vice-Premier Li Keqiang was quoted in ChinaDaily, "China will continue its policy of opening-up to the outside world and encourage its enterprises to participate in equal competition in that process". He also said, "the world's second-largest economy will implement a 'proactive' strategy to promote further opening-up, and allow the market to play a bigger role in the economy as reforms have just entered a critical zone where 'no progress means retreat' ".
Concerning China one fact is clear, the Chinese are subsidizing the American way of life. The question is, are we playing them for suckers—or are they playing us?
Read articles The $1.4 Trillion Dollar Question and Ten reasons the reign of the U.S. Dollar is about to end and China Overtaking US As Global Trader.