there *is* something to the idea that the japanese -- remember how they looked like world conquerors in the 1980s -- were brought to grief by american economic warfare, and that this could be repeated with china.
well, i hope the americans do do this. it would be nice to see how the chinese will be forced to eat all their own dog food, so to speak. the collateral damage will be felt most by our favorite neighbor, pakistan, as well as other chinese proxies.
india probably will benefit from this, if the yanks set out to hurt china specifically. but there will be collateral damage. best for india to keep a low profile when the 800 pound gorillas fight it out.
6 comments:
Wonder if now is a good time to invest in Indian IT stocks.
This was such a brilliant analysis.. Thanks rajeev
People truly underestimate American dominance of the current global system..
We all think because we sell some software or some dog food in case of China somehow we are global powers..
I believe the only true competitor to US can come if the country has an alternate philosophy to the current American shtyle capitalism.. China is just trying to ape America at a bigger level (consume more, export more etc etc)..
Americans are past masters at the game of encouraging such tendencies in other countries (in the name of freedom, liberty, democracy etc) and then bringing them back to the ground once they decide they have had enough of this country..!!!!
So is there is a country that can offer a philosophically different approach to societies being great, peaceful, rich and powerful..??
Not long there was a civilization called India which embodied an alternate view of the highest level...I dont know if we still have the culture..One more reason we have to unite and defend this civilization in every way possible because with the death of our Indic civilisation, the loss to humanity would be incomparable...!
One small problem...China holds $800billion of US public debt. If China dumps its dollars, the US economy and purchasing power will be devastated. In the 1980s, Japan did not hold the majority of US public debt like China today. Besides, the US might be entering its own lost decade like 1980s Japan by repeating the same mistakes (overinvestment in real-state, rampant speculation). Stratfor's analysis seems to have overlooked this.
Non Carborundum:
Please dont put money into Indian IT stocks. You may lose money.
Thanks for the tip Chitrakut. Is there any way to make money out of the impending China-US confrontation?
short the dollar, copper, iron ore etc.
China is in for a nasty time. But since US is broke too, they will suffer.
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