Since 1945 the United States has been the world’s dominant power. Even during the Cold War its economy was far more advanced than, and more than twice as large as, that of the Soviet Union, while its military capability and technological sophistication were much superior. Following the Second World War, the US was the prime mover in the creation of a range of multinational and global institutions, such as the United Nations, the International Monetary Fund and NATO, which were testament to its new-found global power and authority. The collapse of the Soviet Union in 1991 greatly enhanced America’s pre-eminent position, eliminating its main adversary and resulting in the territories and countries of the former Soviet bloc opening their markets and turning in many cases to the US for aid and support.
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Conventional wisdom can be devilishly hard to dispute. For example, most pundits agree that the Great Recession helped China more than any other state. At first glance, this claim seems obviously true. Unlike the United States and the other major Western powers, which saw their economies plummet and their financial institutions come close to ruin, the Chinese economy has kept on growing. Chinese financial institutions, considered technically insolvent only a few years ago, now boast balance sheets and market capitalizations that Western banks can only dream of. With its economy expected to grow at 9 percent in 2010, China will soon surpass Japan as the world’s second-largest economy (measured in U.S. dollars). Pundits like Martin Jacques, a veteran British journalist, are predicting that China will soon rule the world — figuratively, if not literally.
Since 1945 the United States has been the world’s dominant power. Even during the Cold War its economy was far more advanced than, and more than twice as large as, that of the Soviet Union, while its military capability and technological sophistication were much superior. Following the Second World War, the US was the prime mover in the creation of a range of multinational and global institutions, such as the United Nations, the International Monetary Fund and NATO, which were testament to its new-found global power and authority. The collapse of the Soviet Union in 1991 greatly enhanced America’s pre-eminent position, eliminating its main adversary and resulting in the territories and countries of the former Soviet bloc opening their markets and turning in many cases to the US for aid and support.
The 21st century probably belongs to China, not America, a senior visiting fellow at the London School of Economics recently told an audience at UCLA. So the United States should try to better understand China and its culture in order to react responsibly to this changing world order.
Martin Jacques laid out the reasons for this at a well-attended talk Nov. 20 at Bunche Hall that also served as an introduction to the field of Chinese studies. He is a member of the School of Economics’ IDEAS center and author of a new book, “When China Rules the World: the End of the Western World and the Birth of a New World Order.”
The West has gotten it wrong on China for decades – even as it embraces a market economy, it has shunned Western-style freedoms. And its power is only growing
The dynamics of President Obama’s trip to China were markedly different from those evident on visits made by President Clinton and President George W. Bush. This time the Chinese made clear that they were unwilling even to discuss issues such as human rights or free speech. Why? The relationship between the countries has changed: America feels weak and China strong in their bilateral ties. This is not a temporary shift that will reverse itself once the U.S. has escaped from its mountain of debt. Rather, it is the expression of a deep and progressive shift in the balance of power between the two nations, one that is giving the Chinese — though studiously cautious in their approach — a rising sense of self-confidence.
If ever proof was needed of the disconnect between the Mainstream Media (MSM) and reality, it was on show this week. While the pundits lamented that Obama looked weak during his 9 day trip to Asia, Amy Goodman was interviewing British writer Martin Jacques (pronounced Jakes) about his new book: “When China Rules the World”.
According to Jacques, China isn’t so much a nation-state as a “civilization state”. In other words, while nation states didn’t form until the second millennium of our era, this vast country has shared one civilization for a couple of thousand years. China’s civilization is China, even today. That civilization was China under a long line of Emperors, under Mao’s communism and the Great Leap Forward, and it’s still China under Hu Jintao’s state capitalism.
The president’s visit to China was seen as failure, but what if that was just the new standard? Martin Jacques on why the U.S. must get used to decline—and learn humility
Obama’s visit to China last week was starkly different from previous such occasions. The United States has stumbled into a new era. Just a decade ago it all looked so different. President Bush—in one of history’s great miscalculations—believed that the world stood on the verge of a new American century. In fact, the opposite was the case. The defeat of the Soviet Union flattered only to deceive and mislead. In a world increasingly defined by the rise of the developing countries, most notably China, the United States was, in fact, in relative decline. It took the global financial crisis to begin to convince the U.S. that it could no longer take its global supremacy for granted. This dawning realisation has come desperately late in the day. Even now most of the country remains in denial. Never has a great power been less prepared or equipped to face its own decline.
Friday morning, British author Martin Jacques talked about his new book, “When China Rules the World: The End of the Western World and the Birth of a New Global Order.” As one listener noted, it’s a great title for getting attention for the book. However, the book itself is less hyperbolic than the title and offers food for thought about how little Jacques thinks China is likely to change as it grows into the world’s dominant economy.
A new study shows that democracy and prosperity are inextricably linked.
With autocratic states like China and Russia looking poised for economic recovery, it’s often hard to make the case for ideals such as democracy and rule of law. To some, like Martin Jacques, author of When China Rules, autocrats seem destined to rule the world economy.
A columnist for the Guardian, Jacques predicted that by 2050 China will easily surpass America economically, militarily and politically. The belief in the power of autocracy even extends to such leading American capitalists as Warren Buffett and Bill Gates, who have nothing but high praise for what Gates enthusiastically describes as a “brand-new form of capitalism.”
Voter thinking this Tuesday focused on jobs and the economy, and sent a clear message of dissatisfaction with economic progress to-date. Reinvigorating Main Street America’s employment picture, however, will not be easy. Problems have been building for years, long before the sub-prime crisis. Some believe automation is the major source of recent job losses. However, it is difficult to look at the constant parade of long trains carrying shipping containers inland, or the millions of illegals turning up all across America, and conclude that this is the case.