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0 sats \ 2 replies \ @Solomonsatoshi 3 Nov \ parent \ on: Tehran Signals Retaliation: Middle East Tensions Reach Critical Point news
Would you prefer China as 'the police of the world' ?
Note being 'the police of the world' carries certain benefits like printing the global reserve currency...
I'm not sure they want to. The Ming dynasty in 1400's burned their own "treasure fleet" and chose to be different.. Right , wrong or indifferent that was a "balzy" move. There is a still debate as to why they did it but in my opinion they didn't want the hassle of "policing the world", they could, just chose not to.
Printing and inflating the supply of any currency is never good in the long term as we witness this it right now. I'm opposed to globalism personally, we are perfectly blessed with geographical location, separated by oceans on both sides, we should take advantage of this and stay independent.
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No doubt the Chinese are hesitant to take on the role- it comes with a heavy burden as US, British and predecessors have found.
But unfortunately when you are the dominant productive economy on the planet there are some unavoidable consequences and imperatives - and China knows they cannot be easily escaped.
They might be quite well suited to the role in fact given their reluctance to take it on is a positive. They might surely bring a different culture and rationale to the western individualism that seems to have reached its logical conclusion.
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