No, China is not ready but then actually mostly never had an interest, in its four thousand plus year history, because classical training dictates leaving others more alone than not, like the dictates of Star Trek.
That's not how it works, Jay. You don't get to pick. When it's your turn to be the hegemon, you gotta do it.
I am telling you, my man, that the Great Depression was caused by the United States not undertstanding that it was the hegemon, and being unwilling to play its part.
It was no fun for anyone, but worst of all, it led to Hitler, WWII, and a really bad time for China "courtesy" of Japan.
until recently Argentines could as well, until not so well.
No, no, no. With all due respect, dunce cap and sit at the blackboard.
Argentina tried to have all three at once, but claimed to rely on capital controls. Full stability, full autonomy, no free flow of capital. Just like China.
US isn't trying for stability. No can do. We learned the lesson 70 of years ago. Unfortunately, we did not learn it well until 25 years ago but we learned it.
That's a fact. What I don't know is whether it's China's turn to be the hegemon. My guess is not yet, maybe not soon, but eventually. |
