Monday , May 20 2024
Home / Mike Norman Economics / Grant Newsham — China-US trade: a long-term battle of system versus system

Grant Newsham — China-US trade: a long-term battle of system versus system

Summary:
It's not only a clash of systems, capitalism vs socialism, but also a clash of civilizations, Western bourgeois liberalism vs Chinese technocracy. SSince the world's largest economy comes to dominate geopolitically, only one system is viable in the final analysis (although China claims that other systems can co-exist).As China rises this clash will only intensify until one hegemon wins. The US sees the window of opportunity closing, while China realizes that time is on its side.This leads to a Thucydides trap and potentially to war.Although this post attempt to be objective and makes many good points, it is written by a Westerner from a Western worldview that does not completely elude the Western ideological biases he mentions that skew most Western thinking on China and the Chinese. Of

Topics:
Mike Norman considers the following as important: ,

This could be interesting, too:

Stavros Mavroudeas writes S.Mavroudeas’ interview in News of PRESS TV (11-7-2020) on the trade war

Mike Norman writes China locked in hybrid war with US — Pepe Escobar

Mike Norman writes Your Arrow Can Pierce the Sky, But Ours Has Gone into Orbit: The Third Newsletter (2020). — Vijay Prashad

Mike Norman writes There Was No Housing Bubble and Everyone Agrees We Have to Crack Down On China’s Practices on Intellectual Property — Dean Baker


It's not only a clash of systems, capitalism vs socialism, but also a clash of civilizations, Western bourgeois liberalism vs Chinese technocracy. S

Since the world's largest economy comes to dominate geopolitically, only one system is viable in the final analysis (although China claims that other systems can co-exist).

As China rises this clash will only intensify until one hegemon wins. The US sees the window of opportunity closing, while China realizes that time is on its side.

This leads to a Thucydides trap and potentially to war.

Although this post attempt to be objective and makes many good points, it is written by a Westerner from a Western worldview that does not completely elude the Western ideological biases he mentions that skew most Western thinking on China and the Chinese. Of course, the same goes for the Chinese. We are all prisoners of our worldview to one degree or other. It's possible to expand one's worldview but not to escape it. This is the difficulty that underlies Sino-American rivalry that is exacerbated by presumptions of cultural and national exceptionalism on both side.

Asia Times
China-US trade: a long-term battle of system versus system
Grant Newsham

Also at AT

As US-led Western hostility against Moscow mounts, Vladimir Putin's new government is bound to be a war cabinet
Popular Putin prepares for Cold War 2.0
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

Leave a Reply

Your email address will not be published. Required fields are marked *