Monday, March 8, 2010

US – China: Provoking the Creditor, Hugging the Holy man (Washington’s Road to Ruin)


By James Petras

"The Obama Administration has heightened tensions with China through a series of measures which can only be characterized as major provocations designed to undermine relations between the two countries. These provocations include political support for separatist movements, such as the US-funded theocratic-monk led Tibetan secessionists and the Washington-based Uyghur secessionists, as well as through the $6.4 billion-dollar advanced arms sales to Taiwan, a virtual protectorate of the US Navy.....

Conclusion

Ultimately what we have is a conflict between two diametrically opposing political economic systems.

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.....

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. "

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