22 October, 2010 — RT.com
China’s rate of development on a global scale is moving faster and more consistently the other nations. Should the world take note of the Chinese economic system? Many Americans and US politicians are blaming China for the recession and for taking American jobs, while others say we should look to chain and immolate their system. Pepe Escobar, a correspondent for the Asia Times said China is not to blame; instead the US itself is to blame. Nations like Great Britain choose to cut spending and jobs to rise from a deficit, the US simply prints more money. “What we are seeing is that the free trade countries, the British and the US are basically basket cases. The Chinese have had the good sense to follow traditional forms of mercantilism, dirigisme and protectionism,” said Webster Tarpley, a journalist.