East will never meet the West of Adam Smith. China never had a culture or tradition of respecting individual human rights. Why would anyone assume that a regime that houses worker slaves in huge chicken coops would adopt a fair trade economy? The Chinese juggernaut is a creature of Western creation. The Red Dragon never reflects the noble contributions of wealth development that grew a stable middle class and spread the fruits of democratic principles. The Chinese model is a harbinger of the global gulag and the coerced society designed to demolish cherished Western Civilization values and liberties. The masters of political confrontations have found a better way than waging world wars for imposing their planetary dominance.
When the international financial press presents their standard explanation for the panic decline in the Chinese stock market, most want to tamp down the acute apprehension that the long awaited global depression is now at hand. Well, the International Business Times in their account on the China Stock Markets, makes a very insightful appraisal.
With the constant drumbeat that Armageddon is imminent, it is easy to dismiss the geopolitical threats that pose a realpolitik danger. The prospects that definite weapons of mass destruction will engulf the planet in a nuclear winter are upon us once again. After the collapse of the Soviet evil empire, the Reagan – Gorbachev détente provided the world with one of its last hopes for restoring rational international relations. Regretfully, the last superpower used the defeat of the Marxist model of tyranny to impose their Pax American version of a global New World Order. The military machine of NATO, furnished with DARPA technology, would implement the NeoCon policy based upon the interest of the true masters behind the kosher approved empire.
As even the casual observer of the effects from the corporatist model for economic commerce knows, permanence in a developing prosperity is transient at best. What becomes the rush to ratchet up industrial production ends up in a piercing disappointment for long term stability. China is the latest example of a corporatist model in serious trouble. And who will suffer the most? Those dependent on export manufacturing are clearly poised for a very bumpy ride. While the oligarchs play global chess with their foreign companies, the enterprise of creating a rise in world-wide wealth suffers.