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Showing posts with the label Fear and fall of China

China Will Probably Implode ( Source- The National Interest / Author- Peter Navarro)

China on the edge ( Image credits- Wikimedia Commons / Donuts Commonswiki) Source- The National Interest Author- Peter Navarro In July of 2001, Gordon Chang predicted an inevitable meltdown of the Chinese Communist Party in his best-selling book The Coming Collapse of China. Since then, China’s economy has increased by more than eightfold, to surpass even the United States on a purchasing parity power basis. Oops? In Chang’s defense, he could not have anticipated the colossal blunder of President Bill Clinton and a Republican Congress in paving China’s ruthlessly mercantilist way into the World Trade Organization just five months after his book was published. That mother of all unfair trade deals—a well-deserved target of both the Sanders and Trump presidential campaigns—kept China’s Great Walls of Protectionism largely intact. However, it also opened U.S. markets to a flood of illegally subsidized Chinese imports, and catalyzed the offshoring of millions of American

China's Greatest Fear: Dead and Buried Like the Soviet Union ( Source- The National Interest / Author- Harry J. Kazianis)

Forbidden City, Beijing ( Source- Wikimedia Commons / Author- Mingzi Zhongqiu)  Source- The National Interest Author- Harry J. Kazianis  Twenty-five years ago, the mighty Soviet Union was finally thrown onto the ash heap of history—never to rise again. And yet, the fall of one of the most powerful empires in human history, we often forget, was never a sure thing. Indeed, looking back just ten years’ time, to 1981, very few people foresaw the demise of the USSR. In fact, many made predictions that it was America who was in for a rough patch in the years to come. Even a cursory survey of history from that era depicts an America still struggling to overcome a deeply ingrained malaise: the Soviets seemed on the march almost everywhere, the U.S. economy was in shambles, the nation was still reeling from the emotional scars of the Vietnam War as well as the resignation of a sitting president. The hits just kept on coming—a seemingly never-ending crisis, and what must have felt