Web Exclusive: US-China: Provoking the Creditor, Hugging the Holy man

On the one hand, a United States military driven empire, which focuses on conquering Iraq, Afghanistan and Iran, backs the ambitions of a militarist Israel, seeks marginal client states in Latin America and militarizes Pakistan, Colombia and Mexico.

On the other hand, China deepens its economic ties with dynamic Asian countries; increases its oil links with Saudi Arabia, Iran, the Gulf States, Venezuela, Russia and Angola; displaces the US as the leading trading partner of Brazil, Argentina, Peru and Chile; and increases its trade and investment links with Southern Africa in minerals and related infrastructure projects. The contrast is striking.

China’s global economic expansion is confronted by US military encirclement, diplomatic provocations and a massive anti-Chinese propaganda campaign designed to deflect US public attention from the extreme imbalances in its domestic economy. Instead of looking inward to understand why the US is declining, the Obama regime encourages the public to blame China’s supposedly unfair trade policies, its ‘restrictive’ investment policies, its manipulated currency rate and its tough response to secessionist movements funded by the US.

In the end the US will not resolve its budget deficits and trade imbalances, not to mention its endless imperial wars, by pandering to self-described divine rulers, like the Dali Lama, and provoking a dynamic economic power such as China. Nor can Washington escape its profound economic imbalances by catering to Wall Street speculators and ignoring the decline of America’s productive forces. Drones, military surges and surrogate puppet armies engaged in endless wars are no match for the surging investments, robust developing markets and joint ventures linking China with the dynamic emerging economies of the world. read article

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