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(Lumpen Capitalism refers to an economic system in which the financial and military sector exploits the state treasury and productive economy for the 1% of the population.) Introduction US journalists and commentators, politicians and Sinologists spend considerable time and space speculating on the personality of China’s President Xi Jinping and his appointments to the leading... Read More
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That's the Rub, It Can't
In order to understand China and how the world works, I am very lucky to have lived here during two very different time periods. It started 1990-1997. In the first book of The China Trilogy, 44 Days Backpacking in China, I called this period the Wild East Deng Xiaoping Buckaroo Days. It was intense, crazy... Read More
Pretty much everything our media tells us about China is wrong–or at least one-sided–including its tales of a China ‘debt problem’. The Chinese are, in all times and places, debt-averse and China’s government which, unlike ours, must take long-term responsibility for the economy, is no different. Mao set the example and grew GDP by 6.2... Read More
If One Arm is Right, the Other Will Be Left, No?
This worthy and public-spirited column seldom dives into the thickets of military hardware, which it regards as excessively technical. However, the arms race between China and Washington is of enough gravity that its more exotic armaments may be of interest. Herewith, the truly dangerous weaponry of the contending sides. C-919 A Chinese narrow-body intended to... Read More
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Introduction: From their dismal swamps, US academic and financial journal editorialists, the mass media and contemporary ‘Asia experts’, Western progressive and conservative politicians croak in unison about China’s environmental and impending collapse. They have variably proclaimed (1) China’s economy is in decline; (2) the debt is overwhelming; a Chinese real estate bubble is ready to... Read More
In recent weeks my description of the possible scale of the Vioxx Disaster has begun getting a little coverage on the web and in the British press, leading to some strong "push back" by people who say I can’t possibly be right. They may certainly be correct in their opinion, but I think their reasoning... Read More
A couple of years ago, Pulitzer Prize winner Sydney Schanberg, one of America's most celebrated Vietnam War journalists and a former top editor at the New York Times, explained to me the sad realities of our major newspapers. According to him, there was generally a strong inverse relationship between the geographical distance separating a newspaper's... Read More
Such was the provocative title under which Alexander Cockburn ran a recent column discussing my China/America article in The Week, a British-based news magazine which claims a total American print circulation of over 500,000. We’ll see whether anyone notices that column either. Cockburn’s question referred to my examination of the American mortality figures surrounding the... Read More
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Once, long ago, at the very close of the 1970s, I discovered a most remarkable periodical. Published on newsprint so thin as to almost be translucent, mailed out twice each fortnight tightly folded in a plain brown wrapper, it called itself a “newspaper” rather than a magazine, carried no bylines for its articles or masthead... Read More
In contrasting China and America, pundits often cite our free and independent media as one of our greatest strengths, together with the tremendous importance which our society places upon individual American lives. For us, a single wrongful death can sometimes provoke weeks of massive media coverage and galvanize the nation into corrective action, while life... Read More
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Which superpower is more threatened by its “extractive elites”?
The rise of China surely ranks among the most important world developments of the last 100 years. With America still trapped in its fifth year of economic hardship, and the Chinese economy poised to surpass our own before the end of this decade, China looms very large on the horizon. We are living in the... Read More
Category Classics
Which superpower is more threatened by its “extractive elites”?
The sources of America’s immigration problems—and a possible solution