The Unstoppable Rise of China!
Nelson Wong, Alexander Mercouris & Glenn Diesen
I had the pleasure to speak with Nelson Wong and Alexander Mercouris about the unstoppable rise of China. Wong is the Chairman and Director of ACN Worldwide & President of the Shanghai Centre for RimPac Strategic and International Studies. The purpose of the discussion was to address some common misunderstandings about China, and how China differs from other great powers. The failure of America’s economic coercion and efforts to break China's technological development should have been predictable if there had been a proper understanding of China. Furthermore, if there had been a greater appreciation for the depth of the China-Russia strategic partnership, then the US and its allies would not have wasted their time and political capital attempting to create a split between the two Eurasian giants.
Great interview.
I like the quote: "The problem is not the problem. It is the unwillingness to do what needs to be done, that is the problem. "
As it relates to China, aside from a few savvy legendary investors, many of us in the US are still in the denial and anger phase of the 5 stages of grief (denial, anger, bargaining, depression, and acceptance). We either denigrate China (not really successful, will collapse soon) or are angry (what they did is unfair).
That is no way to win an economic competition with China. We can win economically, but only once we get serious.
China and Russia only need to wait the US out. The hegemon will collapse from its own internal contradictions. The noise it is making is not from a position of strength but the death spasm of a failed empire.