December 28, 2010
Guess What? China Didn't Collapse!
This past Spring the China doomsayers called for a collapse by end of the year. Well it didn't happen and most likely won't happen for a very long time. Yet mainstream media continues to broadcast and print coming collapse of China pablum. Fortune magazine just featured Jim Chanos on its cover. I believe we may well be in an age of Chinese exceptionalism much as America created its own trends throughout the 20th Century with global implications. Must we fear this new environment?
I thoroughly enjoyed my trip and the warm hospitality of the Chinese people. If more Americans actually went to China our perceptions would change immediately. The ghosts of two Chinese giants from the past century (both born in the 19th Century) - Mao Zedong and Henry Luce -continue to haunt our thoughts of China. Yet their world is long gone for better and for worse.
A new China policy is needed in the USA one that works constructively to foster change in China. Without positive increased cooperation with China fearmongers will propel us to nuclear war. Politicos of all stripes in America are gearing up to blame China for all of the USA's problems in the 2012 election cycle. Yet their arguments are almost entirely based on myths. The time has come for the USA to stop blaming China and stop misunderstanding China.
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