Are we on the brink of a new Cold War? The question isn’t as outlandish as it seemed only a few years ago. The United States is still the sole reigning superpower, but it is being challenged by the rising power of China, just as ancient Rome was challenged by Carthage, and Britain was challenged by Germany in the years before World War I. Should we therefore think of the United States and China as we once did about the United States and the Soviet Union, two gladiators doomed to an increasingly globalized combat until one side fades?
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As the ongoing territorial row between Japan and China continues with no end in sight, the nations’ joint economy is often said to be the greatest victim. With many Japanese companies, most notably in the auto industry, pulling their manufacturing operations out of China and moving to other locations in Asia, so as not to get caught up in political tensions, many say that China still holds too many of the economic cards, what with its lockdown on producing so many of the world’s goods. But one analyst believes China may see a revolution in the next 10 years, triggered not with violence and weapons, but rather an economic deterioration.
What does “within 10 years” mean? It doesn’t mean 10 years from now. It could be 10 years, but it could also be a few years from now. One bad sign indicating it is closer is the number of protests each year.
When is the economic collapse going to happen? Just open up your eyes and take a look around the globe. The next wave of the economic collapse may not have reached Wall Street yet, but it is already deeply affecting billions of lives all over the planet. Much of Europe has already descended into a deep economic depression, very disturbing economic data is coming out of the second and third largest economies on the globe (China and Japan), and in most of the world economic inequality is growing even though 80 percent of the global population already lives on less than $10 a day. Just because the Dow has been setting brand new all-time records lately does not mean that everything is okay. Remember, a bubble is always the biggest right before it bursts. The next major wave of the economic collapse is already sweeping across Europe and Asia and it is going to devastate the United States as well. I hope that you are ready.
The following are 10 scenes from the economic collapse that is sweeping across the planet…
Warning that both countries may see far more serious incidents than the stand-off at Depsang Valley pending a long-term solution, a Chinese government think tank today said that such problems in future would be more difficult to resolve due to the pressure mounted by opposition parties and media in India.
“Pending the suspense of a long term solution (to the boundary issue), we cannot say that there will not be periodic outbreaks of similar incidents, which may be even be more serious” said the first detailed write up on the stand off at Daulat Beig Oldi (DBO) in Ladakh area in the Chinese media.
Frustrated in its attempt to join the European Union, NATO-member Turkey last week signed up as a partner with the Shanghai Cooperation Organization (SCO), the security bloc dominated by China and Russia that includes the Central Asian states. But, Ankara still has major differences with China and Russia that need to be ironed out.
Turkish Foreign Minister Ahmet Davutoglu described the signing of the SCO cooperation agreement as an historic day for his country, saying Turkey is the first NATO state to establish such a relationship with the SCO. “If we look from a Cold War perspective,” he said, “these may seem like mutually exclusive institutions. However, the Cold War has ended. Turkey won’t be a slave of the Cold War logic.”
The 20-day military standoff with China at an altitude of 16,300-feet in Ladakh has ended. After furious activity over diplomatic channels, coupled with two flag meetings on Saturday and Sunday afternoon, the Chinese troops retreated from the Depsang Bulge area to their bases on Sunday evening.
The resolution of the troop face-off came even as preparations were in full swing for foreign minister Salman Khurshid’s visit to Beijing on May 9 despite a growing political clamour to cancel the trip. Now, the visit will go ahead as scheduled, in preparation for the May 20 visit to India by Chinese premier Li Keqiang.
The Pentagon’s Defense Science Board (DSB) issued a “wakeup call” over Chinese UAV development. The report, “The Role of Autonomy in DoD Systems,” issued in October, said the military significance of China’s move into unmanned systems is “alarming” and China has a “great deal of technology, seemingly unlimited resources and clearly is leveraging all available information on Western unmanned systems development.” This might allow China to “match or outpace U.S. spending on unmanned systems, rapidly close the technology gaps and become a formidable global competitor in unmanned systems. …
China’s ruthless foreign policy is shaping the world in dangerous ways | Full Comment | National Post
Are we witnessing the end of the “American age”? It depends whom you ask. But one thing is certain: Thanks to the near-bankruptcy of the American welfare state, Washington is losing both the means and desire to project power across the world. Inevitably, nations with deeper pockets — China, most notably — will fill the void.
This process already is underway in many parts of the world. That includes large swathes of Central Asia, where Beijing’s billions are beginning to revolutionize regional infrastructure and alliances — in dazzling but potentially dangerous ways.
Analyzing Beijing’s foreign policy is a relatively simple exercise. That’s because, unlike the United States and other Western nations, China doesn’t even pretend to operate on any other principle except naked self-interest.
‘They seem to want to get into a fight’: Asia on guard as China flexes its foreign policy muscles
So does China’s desire to throw its weight around the neighbourhood, make military conflict inevitable? There is certainly genuine concern among China watchers, as the country struggles to find its place in the world. “China reminds me of a teenage 16-year-old boy who has suddenly discovered he is very powerful but has never tested his strength. They seem to want to get into a fight,” said one diplomat.
“I think we’re in a period of prolonged provocation” with North Korea, a condition that began when Kim Jong-un took over as leader of the military dictatorship from his father in late 2011.
“What that means is, I think, that the risk of miscalculation is higher, and I think the risk of escalation is higher,” Gen. Martin Dempsey, chairman of the Joint Chiefs of Staff, said during a visit to Beijing this week, where Pentagon officials have sought China’s help in convincing Mr. Kim to ratchet down his confrontational rhetoric.