One can take the man out of China but cannot take China out of a man. You need to take China out of yourself in an exercise called “The de-Chinalization of TJ”. You will be able to see things under Elmat's prysm
so, yes, the blowback against globalisation happens, and the deplorables enthusiastically sign-on as full members of the counter revolution. the enthusiasm to roll back the clock is especially fervent from those who had a good series of early run at engaging w/ globalization but now cut down by yet one more wave of 'barbarians' entering the gate who are better armed and hungrier than ever, or rebels more suitably prepared and ever more enthusiastic, depending on one's point of view and current stance in the globalisation feeding chain. what i described above is otherwise known as progress, a later wave of the river pushing out the earlier crest, and that which can neither be reversed without unaffordable harsh and unintended consequences, nor stopped, by electioneering or otherwise.
Once it dawns on us that Globalization is posed to cause more danger than foment human progress, the deplorables, and there are 6.1 billion of us non Chinese: The money men. The intellectuals scholars, the average Joes and guys like me see it and react saying: “Holy shit, those guys -the 1.4 billion minority of the world population- are threatening to throw the baby with the bucket of water!”
We will not allow that to happen
this is what makes the next 15 years so very exciting, but not so much for resource exporters and tier 2 / 3 aggregates stuck in the old ways and unable to make the leap,
Let us look back to the past 15 years. Then make a projection of the next 15.
As the Collapse of 2001 happened, in 2002 it was about to start the adventure on the desert, as the US reacted to 911. (And you know it because we were discussin thiese events in SI) US was taking $2billion a day to cover the deficit. AG was talking the economy up and was about to throw money into the economy.
What happened next? The Law of Unintended Consequences struck. The Americans took the money AG was throwing at the economy and started building houses like and the banks were financing, and that sucked China’s products by the container load.
This event ended in the 2008 economic crisis that was supposed to reassert the world economy. The US started doing QE and China saw the possibility of its exporting model taking off real good.
Had Ag not doled out cash -post 2001 Financial Collapse- and the Law of Unintended Consequences reasserting itself, China would not be where it is today.
It is necessary to cut Beijin to size else they think they did all on their own, although they sell this for internal consumption and the masses buy that.
China started its own QE by the billions and kept the economy going. The US cunningly wants to remove the FED from fomenting the US economy and let the politicos take the reins.
Which brings us to the 15 years which is going to be the next posting |
