The Growing Emergence Of China

China Moves To The Center Of The World. America Moves To The Edge -- Fabius Maximus

American tend to see ourselves as white knights. Selflessly defending nations like the EU and Japan that will not defend themselves. A force for morality — banning bribery, pushing feminism and other western values (which we call “human rights). Meanwhile we beg for lower oil prices and borrow like an tramp on a street corner.

Much of the world finds this a pain in the ass, but until now has had no alternative leader. Someone to provide leadership — political and economic coordination, loans and aid, military protection — without America’s moralizing, without America’s erratic behavior. Just business.

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My Comment: Every once in a while FM looks at China and provides some useful insights .... his above post is no exception.

On a side note, I had an interesting discussion about the decline of America with a friend yesterday. We both came to the same understanding .... for years America had its "act" together, and the rest of the world was "basically screwed up". This is all now changing, with good portions of the world .... particularly in Europe and Asia .... now adopting the same strategies and policies that had originally made America great. India and China are the two countries that stick out in Asia, but the EU and other European countries (Russia being one of them) are also groping towards stable and free markets accompanied with stable and free governments.

I know that the world has a long way to go before it can even reach a fraction of what it is capable of, but as the world stabilizes this stability will be accompanied by a decline in the influence and power of the United States. Is this a bad thing .... yes and no. The U.S. is a beacon of freedom and the rule of law for many people in the world, but its recent economic and financial behavior now makes it an international pariah .... especially to those countries who now own much of its growing debt.