HAS CHINA UNLEASHED THE FRIEDMAN’S DISASTER ECONOMY ON THE WORLD — REBLOGGED

SANDOMINA comes at political problems from a distinctly different point of view. To Americans China is on the other side of the world. To someone from India, China is right next door. What is it like to have a powerful and dangerous world power right next door? That is something no American has ever known.

SANDOMINA has written a rather long but very interesting article that explains how China seeks to use its economic power to expand its world influence. Curiously, SANDOMINA thinks Milton Friedman helped China develop its strategy. You may recall that at one time people believed adopting Capitalism would make China more democratic. Not true, in retrospect, and we should have known better. Christianity made the United Kingdom and the United States egalitarian societies, not Capitalism.

An ancient Chinese stratagem advises military leaders: “Loot a burning house.” The trick is easy and self-explanatory — attack when your opponent is most vulnerable. China has given, this and many other hideous ancient wisdom, paramount importance in the quest for ‘Pax Sinica’.

After the 2008-09 financial crisis, Chinese firms ventured out to procure discounted bargains worldwide, especially those with strategic utility: iron & nickel ore, oil, and innumerable other commodities that the Chinese economy became dependent on. With China’s economy having a head start coming out of the COVID19 crisis and its appetite for technology and other strategic assets as strong as ever, is it going to be the repeat of China’s predatory addiction?

DICTATORS LOVE DISASTERS

”There is no loyalty in the heart of a traitor, only the false act of appearing trustworthy.”
― Jesus Apolinaris

Milton Friedman was the twentieth century’s most prominent American economist. He was a distinguished leader of the Chicago school of economics. In 1951 Friedman received the John Bates Clark Medal honoring economists under age forty for outstanding achievement, and Nobel Prize in economics in 1976. (continued here (insightful.co.in))

When we vote this fall, we need to consider which political party and which presidential candidate is better equipped to deal with the threats posed by predatory nations.