Summary:
Americans should find the hawkish push toward a new Cold War with China deeply troubling.Note too that China is not the Soviet Union. “Xi Jinping Thought” does not represent an exportable ideology. Unlike the Soviet leaders who railed against capitalism, China’s leaders embrace it, demonstrating a remarkable aptitude for harnessing the market to create wealth. The Soviet economy produced next to nothing that American consumers were interested in buying. Today, China produces almost everything that American consumers hanker to buy, which we do using money agreeably loaned by Chinese banks Los Angeles Times ANDREW BACEVICH -We don’t need a new Cold War with China
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Americans should find the hawkish push toward a new Cold War with China deeply troubling.Note too that China is not the Soviet Union. “Xi Jinping Thought” does not represent an exportable ideology. Unlike the Soviet leaders who railed against capitalism, China’s leaders embrace it, demonstrating a remarkable aptitude for harnessing the market to create wealth. The Soviet economy produced next to nothing that American consumers were interested in buying. Today, China produces almost everything that American consumers hanker to buy, which we do using money agreeably loaned by Chinese banks Los Angeles Times ANDREW BACEVICH -We don’t need a new Cold War with China
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
New Economics Foundation writes Is the Labour government delivering on its promises?
Robert Vienneau writes Why Is Marginalist Economics Wrong?
John Quiggin writes Dispensing with the US-centric financial system
New Economics Foundation writes Whose growth is it anyway?
Americans should find the hawkish push toward a new Cold War with China deeply troubling.
Note too that China is not the Soviet Union. “Xi Jinping Thought” does not represent an exportable ideology. Unlike the Soviet leaders who railed against capitalism, China’s leaders embrace it, demonstrating a remarkable aptitude for harnessing the market to create wealth. The Soviet economy produced next to nothing that American consumers were interested in buying. Today, China produces almost everything that American consumers hanker to buy, which we do using money agreeably loaned by Chinese banks
Los Angeles Times