Niall Ferguson discusses the rise of China and the challenge this poses for the United States in terms not only of economics, but also of geopolitics and ‘soft power’.
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Niall Ferguson discusses the rise of China and the challenge this poses for the United States in terms not only of economics, but also of geopolitics and ‘soft power’.
There Are Currenty 11 Comments for this Post
A fabolous economist and historian.
Chinese bad loans were meticulously calculated (Chinese are mathematical geniuses) and were intentionally loaned out to stimulate the economy on one hand, and spur the invention of new industries on the other, at a risk which China is well prepared and afford to take. The looming of Chinese loan was an intentional policy and the burst of it is already under calculation before the policy had even started.
Clap trap.
Mentions Chinese progress and overtaking of America.
(overlooks their economic slavery)
Doesn’t mention Indian progress.
(british guilt perhaps)
Overlooks the IMF crushing of “developing nations” in Africa and Latin America and accounts for “$3 a DAY” wages that the USA, Britian, France etc “capitalize” on. And thus now overlooks a similar “app” applied to the Euro Zone.
I enjoy Niall Fergusons historical analysis.. the one point no one made..is there a limit to growth in China, that is if the Chinese are expecting to live the American lifestyle, we are headed for trouble. In fact as Jared Diamond points out, the American lifestyle is not even sustainable for Americans. The Chinese leadership knows one thing, as long as there is growth and employment and food things are ok, but they also know that Dynasties can come and go quickly.
I am convinced that everything has come down to us from the banks of the Ganges, – astronomy, astrology, metempsychosis,.. It is very important to note that some 2,500 years ago at the least Pythagoras went from Samos to the Ganges to learn geometry…But he would certainly not have undertaken such a strange journey had the reputation of the Brahmins’ science not been long established in Europe…
- Francois Marie Arouet Voltaire (French writer and philosopher)
Whatever sphere of the human mind you may select for your special study, whether it be language, or religion, or mythology, or philosophy, whether it be law or customs, primitive art or primitive science, everywhere you have to go to India, whether you like it or not, because some of the most valuable and instructive materials of the history of man are treasured up in India and India only.
- Friedrich Maximilian Mueller ( German philologist )
Slavery is the leading “app” in all Empires.
What Britian and its imperial neighbours did to africa is an example.
What America does to Haiti and Jamaica and other neighbours in the America using the IMF to economically enslave them is a more recent application.
Perhaps european nations are now feeling the effects of this application of the IMF and looting national treasures in Greece and Italy. Soon Spain etc will follow these haircutting measures of IMF lead technocrats from Wall Street.
This guys knows what he is talking about. Much respect.
though a lot of african nations did belong to the british and other euro economies, they also got medicine, infrastructure, hospitals, irrigation and educational facilities out of it.. they are now performing (after being liberated from the west for 20-30 years) slavery to their own people.. so i wonder about that cheap labour; and what benefits have their economies undertaken (except not maintaining the economies that existed once the west left)
China was not “brought low”??? The Japanese took away all their dignity!! Almost the whole of China was a colony of the Japanese! Chinese women were raped by Japanese soldiers in front of their husbands, lovers and brothers who just stood there watching the whole incident unfold before their eyes! Chinese men and women were forced into prostitution by the Japanese and many Chinese women posed for photographs with their skirts lifted up, exposing their genitals to Japanese soldiers!
To be very frank, historically, it would be an insult to India to even utter China in the same breath as India! He is GROSSLY overestimating China’s place in the ancient world. The first civilization was in India… from that time up until, and including the 17th century, India was, the centre of human existence, the wealthiest civilization and the world’s leading civilization! These British bastards go out of their way to conceal the real version of history from the English speaking world!