I was only 9 years old or so when my father told me that China would one day wake up, that it was a sleeping giant. Well it appears he was right. Since the mid-80s, when my interest in China was piqued by what Deng Xiaoping was up to in China, I have seen mounting evidence of China’s rise to global significance. And it’s not finished yet.
This drive by China to once again become a civilisation that matter, is driving the shift “East” that we are witnessing today. The western countries, mired in debt and welfare economies, are simply unable to compete with China’s “lean mean” approach to business.
I’ve spent a lot of time in China and can attest to the spirit of entrepreneurship that exists there, untrammelled by excessive regulation or high taxes. Being in that country and witnessing the energy and momentum that is so apparent, feels a bit like I imagine being in the “wild west” felt – pure adrenaline and opportunity.
However, we are being given mixed messages about China. We are constantly being told (especially by US sources) it’s about to implode, that it represents a “future danger”, and that it needs to be contained.
Well, that ain’t happening, as this insightful essay by Pepe Escobar reveals:
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