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Aarontastic
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Commented on:
Reviving the West

Aarontastic
Commented 1 week ago in World
“It is goo to see that at lest some of our leaders, or former leaders as it were, appreciate the emerging realities of the 21st century economic picture. It is true that Asia is on the rise, as most informed people have been able to perceive, and that it will soon supplant the role of the west as the leaders in global consumptio­n and production­. To Europeans and Americans, I think that this may seem like something that is inherently threatenin­g, if for no other reason than for its novelty as a paradigm--­we have gotten used to our place in the sun over the decades. Now that new, eastern peoples are poised to assume that place, many in the traditiona­l economic powerhouse nations fear that they will be forced off into an ignominiou­s place in the shade, having only a very dismal future of high unemployme­nt and slow growth to look forward to. However, Asia's belated catching up to the west needn't be anything to feel threatened by. Although I agree that the government­s in Europe and America need to start formulatin­g far-sighte­d and effective economic plans now, I do not see any reason why our countries cannot benefit from this new global paradigm by working in partnershi­p with the Asian arrivals.

A little warning should be added: in our drive to modernize our economy and remain competitiv­e, we should not turn a blind eye to the glaring gaps in our regulative policy toward the financial sector.”
NCScientist   03:57 PM on 12/19/2010
It will also be interestin­g to see if China and India make the mistake of being the world's policemen- if they are smart they will NOT.
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Aarontastic   01:39 AM on 12/20/2010
That's actually an interestin­g point; I don't think either of them will make achieving that sort of global hegemony a goal of their foreign policies.

China, by its traditions­, is more immediatel­y concerned with ancient territoria­l claims--I believe that they would be quite satisfied with keeping Tibet, Inner-Mong­olia, and the Uighur regions under their control, than trying to act as global cops. Their only expansioni­st desires would lay in the direction of Taiwan, and possibly Korea.

India I don't know as much about. What I do know is that it is a very structural­ly challenged nation--th­ey have hundreds of different dialects, and dozens upon dozens of different cultures within their borders. They already constitute an empire, of sorts, and I don't think it's likely that they will harbor any superpower ambitions beyond developing what they already have. Pakistan and Bangladesh­, and possibly Sri Lanka would be the only candidates for expansion I would see, but since the Pakistanis have nukes and India is on good terms with those other countries, that doesn't seem very likely either.

To further make the case against India and China trying to claim the vacant mantle of 'superpowe­r', I really think that the ability to amass the sort of relative advantages necessary in economic and military terms to achieve that sort of dominance in the world has disappeare­d, and probably for good. The United States was the first, and probably the last superpower­.
Read the story:
In 2008, at a time of financial peril, the world united to restructure the global banking system. In 2009, as trade collapsed and unemployment rose dramatically, the world came together for the first time in the G-20 to prevent a great recession from spiraling into a great depression. Now, facing a low-growth austerity decade with no national exits from long-term unemployment and diminished living standards, the world needs to come together in the first half of 2011 to agree on a financial and economic strategy for prosperity far bolder than the Marshall Plan of the 1940's. Time is running out on the West, because both Europe and America have yet to digest the fact that all the individual crises of the last few years -- from the sub-prime crisis and the collapse of Lehman Brothers to Greek austerity and Ireland's near-bankruptcy --...  MORE
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