Saturday, September 25, 2010

The Chinese appear to be making the same "rising power" mistakes that the Germans did

Let's hope this turns out better.  One thing we could do is not hamstring our economy in the quixotic pursuit of will-o-the-wisp 'fairness' and lawyer wealth creation.  We will need all of our innovation, wealth and courage to see off the increasingly arrogant Chinese over the next 30 years.  At least until they fall into national senescence due to their remarkably irrational statist fertility policies.

 Daniel Drezner: China has a longer learning curve than I had anticipated. “Now, it is possible that Beijing has simply decided that its internal growth is so big that it can afford the friction that comes with a rising power. My assessment, however, is that they’re vastly overestimating their current power vis-a-vis the United States, and they’re significantly undererstimating the effect of pushing the rest of the Pacific Rim into closer ties with the United States (and India).”

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