25 January, 2008
Dumping on China by the usual horde of Western pundits seems to be de riguer these days. Hardly a day goes by without some scary headline that either warns of the dangers of billions of Chinese getting a car, refridgerator, microwave or whatever and hastening on Climate Change and/or ‘swamping’ Western markets with an avalanche of cheap goods.
Amazing that for half a century the Cold War was all about ‘Red China’ rejecting the ‘market’ and the capitalist way of life and now they’ve got it, the self-same pundits are all whinging about the ‘threat’ from Chinese capitalism. Obviously you can’t win if you ain’t a white European or American (well at least that’s what they say for public consumption). The reality however is very different and it goes to the very core of the nature of capitalist economics, ‘expand or die’. The problem for Western Capitalism is that the new boy on the block, China, is just too big to take on and what’s more it now produces most of everything we buy in malls across the land.