Circulating in Asia, a view of how the Chinese stimulus package fits in history:
- 1949 (Chinese Revolution): Only socialism can save China.
- 1979 (Deng Xiaoping reforms): Only capitalism can save China.
- 1989 (fall of Berlin Wall): Only China can save Socialism.
- 2008 (Global Financial Crisis): Only China can save Capitalism.
‘Only China can save Capitalism’
China needs global capitalism because without global capitalism china cannot survive and grow.
It is like India in that.Both cannot simply get away from global capitalism.Their fates and
futures are inter-linked.De-linking from global
capitalism will bring in unbearable pains and elite in both countries have become part of the global elites. So china will have to save capitalism to save itself.It is altruism in