Re: The Long March From Yenan to Barclays
On Jul 26, 2007, at 3:09 PM, bhandari@berkeley.edu wrote:
Moreover, with profits repatriated to the US and the US awash with cheap
exports, why exactly are US pundits crying about the coming war with China? Do people on this list really think China’s purchase of US financial
assets is the first step in the colonization of America?
Hardly, but it’s a sign of China’s growing power and the U.S. waning
power. In the 1990s, the “imperial overstretch” thesis of the likes
of Paul Kennedy looked like a laughable relic of the late Reagan
years, but now it’s not seeming so funny.
And the military/political elite is worried about China as a military/
political rival, which, from their point of view, isn’t entirely
irrational.
Doug