China/US relations recently and brought up an interesting corollary. The presentation revolved around the 1920-40's era as to how the US became top dog following WWI and II. He noted that as the US was just becoming an industrial force Europe was increasingly becoming more indebted to the US. As the wars ended the US, owning much of Europe's debt, was able to take the lead, call the shots, etc. Glenn then compared that era to our current relation with China. China is now coming on line as an industrial force and has labor, education, and our large debt working for them. Very much like the 20-40's era slingshotting the US into world prominence.
And, one has to think back to 'peacemaker', David Chamberlain, who, rather than risk any further war for Britain, signed meaningless pieces of paper with some of Europe's most despot leaders. The world is too complex for one to assume that they will just avoid war at all cost, IMO. Akin to an Ostrich with head in sand,. No doubt, the best way to avoid war is to be sufficiently strong to deny a nation the opportunity at war.
In that regard the US is 'living on borrowed time'. Much of our war fighting technology was developed from the 60's forward. Now that technology resides with other nations as well while our status as the center of technology has dropped. For example: as Russia and other nations with borders in the Arctic are mapping out their claims for resources in/around the shelf, the US is ill prepared to take advantage of the opportunity to explore and develop those resources. Being the world's largest debtor nation we are forced to cut spending rather than build ice breakers. A la Glenn's corollary.
China achieved a nuclear capability in Oct, 1964. Beginning in 2/72 Kissinger made a total of nine trips to China, agreeing to a Vietnam troop reduction and a 'one China' policy in moving China off the dime to open up economically. Apparently, the thinking within the Nixon/Kissinger administration was that China would be less of an adversary if they were joined in international trade. Some 40 years later one would have to discern who is more at risk from nuclear attack, the US or China? From a recent speech by the Sec. of State one gathers that the US is whizzing up a rainspout in herding China to conform to UN like expectations. Seems that as long as those pork bellies keep moving everything will work out.
It would seem a 'go slow' policy with China might have been a more rational approach to globalizing that area of the world. But, one can understand that the business community wanted to get in there and pollute with the best of them. The Corpocracy has made it real clear they intend to stick with their China/globalization policies. Perhaps more importantly, China has made it equally clear they will stick with their globalization policies as well.
One has to note that the overall strategy of the Corpocracy in bringing the working class face to face with China and globalization is, and has been, the threat of this or that crisis while quickly piling on debt to make the threat seem more real. The strategy has worked well in setting the stage for a depression era where the likes of a FDR will, at some point, come along with a 'new deal'. But first, the workers have to own their debt, the federal now standing at about $45k for each US person. And, state governors are beginning to take actions to make us feel other debts and obligations. For example, Governor Christi has put programs in place that will alleviate one-half of NJ's debt in about 30 years.
Ultimately, we will be able to weigh our diminished fortunes in light of any 'new deal', the potential for nuclear confrontations and the well being of the billions in China, India, Tibet and around the world.
Otherwise, we have the Corpocracy we deserve.