Posted 1 year ago on Feb. 9, 2012, 7:53 p.m. EST by arturo
from Shanghai, Shanghai
This content is user submitted and not an official statement
To begin, let me explain that the purpose of this post is not to advocate communism, nor to deny that severe abuses were ever perpetrated in China. I would add though that tremendous wrongs were committed against China by the west as well, such as the Opium Wars. Instead, I only wish to focus on a single positive aspect of China today, which is its economic policy, which in some ways bears a resemblance to the traditional American System of economics.
Traditionally, the distinctive characteristics of American economics were its emphasis on the development of internal infrastructure as well as a manufacturing base. In fact, we fought the revolution in order to do our own manufacturing rather than accepting cheap British goods from its Indian colony. Similarly, the emphasis on infrastructure development is evident in key American figures such as Lincoln and his development of the railroads, and FDR and his New Deal policies.
China's commitment to such an economic approach is also evident by it's vast quantity of manufacturing for export and its emphasis on infrastructure development such as it's fast train network, which is rapidly growing. So why is it that the United States must fall behind in it's traditional areas of excellence? And would it be possible to revive our economic competencies, possibly through collaborative efforts with China?