Saturday, February 12, 2011

U.S. needs a red China

U.S. and China Reform@peterpeng210.blogspot.com

What kind of China is good for U.S.? Someone may say a democracy China. Actually, a red China benefits U.S. most under current situation.

According to Wikipedia, as of January 31, 2011, the total Public Debt of U.S was $14.13 trillion, account for 96.4% of calendar year 2010's annual GDP of $14.7 trillion. The financial and economical globalization has stuck U.S. in trade deficits since 1976. The trade deficit of U.S. had set on record high in 2006 at 800 billion dollars although it went back to near 400 billion in 2010.

Under so high trade deficits, U.S. has to live on issuing large quantity of U.S. dollar bills and selling huge amount of U.S bonds to the entire world. If there were a new currency, which is strong enough to replace the U.S. dollars, the U.S. economy would ruin over one night.

To escape from this miserable and horrible potentiality, U.S. is desperately looking for new increasing points on economy. U.S. is facing unprecedented competition from the world including China and Europe. Since Euro dollars were established, they have troubled U.S. enough on challenging the leading status of U.S. dollars. Similarly, a democracy China with a robust economy would be a nightmare to U.S.

Thankful to Chinese ruling party for it has no ability to break its own limitation on guiding a political reform under an organized and systematic way, U.S. can luckily keep its amulet to best China---always hinder or attack China by raising an ideological flag. If China had orderly and successfully turned to be a democratic country, U.S. would lose its best ground to depress China’s rise.

Many examples showed that U.S. has been trimming or appeasing today’s China whenever U.S. feels necessary. If China keeps sticking on its unpopular ideology, when its economy grows big enough to attract the world to discard U.S. dollars, under an ideological flag U.S. can choke China’s supply arteries with its worldwide military forces on oceans. This will easily collapse China’s economy ahead U.S gets a fatal trouble. Although this will be the last choice for U.S. to best China on economy, who can say it is not a guaranteed good way for U.S.?

In China there is a saying that “The Monkey King is hard to jump out of the Ru Lai Fo Buddha’s palm 孙悟空难逃如来佛的掌心”. If we use the Monkey King as a metaphor for today’s China, and the Lu Lai Fo Buddha for U.S., China is hard to escape from the control of U.S., as long as China keeps red. U.S. needs a red China.