April 22, 2006

U.S. and China on Collision Course

Jeff, at True Blue Blog, in commenting about my post yesterday Bush Apologizes for Free Speech, referred us all to a link to a piece in the Asia Times about the U.S. and Chinese economic "bubbles" and their possible disastrous mutual explosions. Even though the article was written January 23, 2004, it is still very timely, lucid and explains a great deal about the inter-relationship of the Bush economy with the bureaucratic Communist capitalist system now in place in China. The warnings about the dangers of the coming collision are even more pertinent now.

The unspoken truth in this global relationship between the US economy and the Chinese juggernaut is that Bush's cheap words about free speech are not one of the profitable commodities, and never will be. It is useful pretense, it serves his core of delusional patriots, but it has no more real purpose than when he talks about helping Katrina victims, or preserving our natural resources, or solving the AIDS crisis.

The Asia Times article is a really important one in helping to understand what is at stake and how dangerous a game George Bush is playing.

As an update to this 2004 piece, the Asia Times has a piece just today entitled China GDP Figures Revive Overheating Fears .

Check out True Blue Blog. I love the sub-title quote to his blog name:

"Of all the varieties of virtues, liberalism is the most beloved" Aristotle

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