The Official Gloom

March 6th, 2009 by zen

The Armed Forces Journal on the economic decline of America.

The author makes too many assumptions regarding China’s resiliency.  The opacity of China’s hybrid, mercantilist-driven, political economy makes estimates of it’s true strengths and weaknesses difficult. We know how many treasury bills China has bought from us but not the real extent of hidden debt, underemployment or inflation. China’s leadership did not vastly increase the size of it’s paramilitary forces in the past decade because they were confident that it would all be smooth sailing ahead.

ADDENDUM:

Chinese premier takes on politics 2.0

Posted in America, china, defense, economics, geopolitics, ideas, military, national security | 3 comments

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  1. Lexington Green:

    March 6th, 2009 at 7:48 pm

    "Far from being the last nail in America’s coffin, the financial crisis may actually resuscitate U.S. power relative to its rivals."
    .
    http://freerepublic.com/focus/f-news/2169866/posts

  2. historyguy99:

    March 7th, 2009 at 3:10 am

    Here is the link to Wen’s remarks via Xinhau.

    http://www.chinaview.cn/wjb090228/remarks.htm

  3. Mark:

    March 7th, 2009 at 8:32 pm

    Mark – thanks for including me in your addendum. I’ll have to read the AFJ piece. Mark