I HAVE MENTIONED THIS ISSUE OF "GREAT SHIFTS" IN THE GLOBAL ECONOMIC "PLATES" BEFORE... TODAY IS VERY MUCH LIKE 1918 AND 1931...THE LAST TIME A MAJOR SHIFT UPSET THE KNOWN WORLD...
THE FT PICKS THIS UP THIS WEEK...SEE TITLE LINK
THIS IMPORTANT BECAUSE PEOPLE NEED TO KNOW WHY SOMETHING ISN'T WORKING...AND A LOT OF PEOPLE SIMPLY HAVE NO BACKGROUND IN THIS STUFF AND ARE CONFUSED...
HERE'S THE PROBLEM...BOTH THE US AND THE UK WHERE GLOBAL EMPIRES THAT WERE ESSENTIALLY BENIGN INFLUENCES ON THOSE IN THEIR HEGEMONY... THE UK IN INDIA FOR EXAMPLE LEFT A LEGACY OF DEMOCRACY... THE US IN POST WAR EUROPE AND JAPAN ACTED WITHOUT OVERT SELFISHNESS...
BUT CAN WE EXPECT THIS FROM CHINA...? I THINK NOT...
CHINA IS A CLOSED AND TROUBLED NATION WITH A GREAT PAST...BUT A CHECKERED RECENT HISTORY... THERE ARE A LOT OF ISSUES WITH CHINA...UNANSWERED.
BOTH THE US AND UK...WERE "ACCEPTING" SOCIETIES...ENTRY WAS MORE OR LESS OPEN TO ALL COMERS...
IN CHINA...JAPAN OR IN MANY OF THE SO CALLED B.R.I.C.S....THAT IS NOT SO CLEAR...
WILL THE WORLD ACCEPT AN INSULAR WORLD POWER...LIKE CHINA? IF SO...WHAT WILL THAT LOOK LIKE...?
CAN A PLACE THAT SEEKS TO DOMINATE AFFAIRS BE CLOSED TO THE OUTSIDE WORLD...?
I HAVE SOME DOUBTS...
