In order to understand China and how the world works, I am very lucky to have lived here during two very different time periods. It started 1990-1997. In the first book of The China Trilogy, 44 Days Backpacking in China, I called this period the Wild East Deng Xiaoping Buckaroo Days. It was intense, crazy and addictive at the same time. I commented that it was like a “Nat King Cole five-pack-day nicotine habit”. I knew it was bad for me, but I just couldn’t get enough of it. Then, after...
Read More »Asia Unhedged — China’s quantum strides a new ‘Sputnik moment’ for US
“The general feeling is that they’ll get there before us.” Xi Jinping said they were going to focus on innovating. The world will soon see whether "the Chinese" are only good at copying, as critics charge. This was said of Japan as the country recovered after WWII.And affordability is no problem. It doesn’t necessarily mean that their scientists are better,” McClatchy reported Martin Laforest, a physicist at University of Waterloo as saying. “It’s just that when they say, ‘We need a...
Read More »Michael Roberts Blog — Xi takes full control of China’s future
And American imperialism is scared. U.S. Commerce Secretary Wilbur Ross has described the plan as an “attack” on “American genius.” In an excellent new book, The US vs China: Asia’s new cold war?, Jude Woodward, a regular visitor and lecturer in China, shows the desperate measures that the US is taking to try to isolate China, block its economic progress and surround it militarily. But she also shows this policy is failing. China is not accepting control by foreign multi-nationals; it is...
Read More »Asia Times — China will amaze us all, says columnist David Goldman
“China is in the midst of a value explosion via a technological revolution which mobilizes the talents of the largest and hardest working population in the world, Goldman says. “It’s something the world has never seen and it’s going to amaze all of us.” Asia TimesChina will amaze us all, says columnist David GoldmanSee also Celebrating the end of his first term in office, President Xi Jinping addressed the opening of the week-long 19th National Congress of the Communist Party of China...
Read More »David Nicklaus — China’s worry about ‘Minsky moment’ may be a good sign
Randy Wray gets a mention.St. Louts Post-DispatchNicklaus: China's worry about 'Minsky moment' may be a good sign David Nicklaus, business columnist for the St. Louis Post-Dispatch.
Read More »Adair Turner — China vs. the Washington Consensus
Neoliberalism versus market socialism with Chinese characteristics. Which wins? Since Deng introduced market socialism, China has been kicking butt in terms of growth rate, defying neoliberal predictions, while neoliberal economies have been mired since the 2008 crisis. What's up with that? Adair Turner explains. What is overlooks, however, is the history of the US, which adopted the American System over the British system as a result of Alexander Hamilton's influence and followed...
Read More »Ecns — The Thought on Socialism with Chinese Characteristics for a New Era
Infographic EcnsThe Thought on Socialism with Chinese Characteristics for a New Era
Read More »Gilbert Doctorow — Russia-China Strategic Partnership
In this essay we will examine two aspects of the same issue: the strategic partnership between Russia and China which is fast becoming a foreign policy, commercial and military alliance.... Meanwhile, our International Relations experts, who are generalists by definition, lack the in-depth knowledge of Russia to say something serious and valuable for policy formulation. The whole field of area studies has atrophied in the United States over the past 20 years, with actual knowledge of...
Read More »Socialism, Land and Banking: 2017 compared to 1917
An article written for the hundredth anniversary of the Russian Revolution, to be read in Beijing today. Socialism a century ago seemed to be the wave of the future. There were various schools of socialism, but the common ideal was to guarantee support for basic needs, and for state ownership to free society from landlords, predatory banking and monopolies. In the West these hopes are now much further away than they seemed in 1917. Land and natural resources, basic...
Read More »Asia Unhedged — War of words shakes China’s policy circles over response to possible Korean war
The CP analysis says details of the Zhu-Jia face off recently surfaced in the Singapore daily Lianhe Zaobao. The island nation’s largest Chinese-language newspaper said the pair represented two distinct schools of thought on the security implications for China stirred by the North Korea crisis. “On one front, a conservative ‘leftist’ school sees the US and South Korea using Pyongyang’s nuclear program as a pretext to reduce China’s strategic space,” CP said in a summary of the Lianhe...
Read More »