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Whats going on with China?

Just a thought. The people's Republic of China is engaged in widespread testing of opponent technologies in military-industrial complexes. It is building aircraft carriers and nuclear submarines on the scale of battle-groups. It is beginning to withdraw funds from US treasury bonds in favour of its own sovereign fund. And it is reaching out into the horn of africa whilst simultaneously allowing both missile and light weapon technology across central asia, afghanistan and pakistan in the zone of instability created in recent years by the clash of islamic fundamentalists and reckless western policy. It is also conducting joint military exercises with the Russians.

China's political leadership is about to change, and for all the official communism of its authorities, the gap between the cities and the the rural areas is still pronounced. A new land reform has created tension between government and people in the legal protection of property rights.

There are perfectly good and rational reasons not to discern any worries in all this. The West has suffered in recent years by giving into neurotic perceptions of threat, and shouldn't respond to every worry with a quickened pulse.

But--just a thought--and my own, wholly, not with any agenda attached. If the US Congress pushes China on the yuan, will they agree to a devastating tentative float, which will undermine the dollar, acknowledge the dumping of treasury bonds...or are some there eyeing a resolution of the Taiwan problem whilst a fatally indebted and utterly preoccupied USA concentrates on vain attempts to bully Persians?

We have had twenty years in the west now of reckless, silly financial extravagance, inflated borrowing, contempt and bull-headeness. The West must wake up to its better self, and that self is rational, and that self would acknowledge how quickly things could go wrong for our hyperpowered 'paradise'. We must scale down debt, rebuild societies and rescue them from mad individualised capitalist dissolution and build ways to work with others quickly. Or there will come a reckoning. This is what neoconservative nonsense has taken our eyes from.

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