The dramatic rise of China over the past four decades not only has rocketed China's economy to the top of the world (in terms of PPP - purchasing power parity), with no end in sight, but also is ending western dominance over the past 200 years, at least.
What does that mean to the world? Everything, from politics (End of Democracy?) to economics (Adam Smith vs. Karl Marx)!
To understand the profound implication of this change, we must truly understand the past, for which we must re-examine the history, thus "History 2.0" ...Important.
economicintesect.com
History 2.0
Frank Li | Chinese ex-pat, Founder and President of W.E.I. (West-East International), a Chicago-based import & export company, B.E. from Zhejiang University (China) in 1982, M.E. from the University of Tokyo in 1985, and Ph.D. from Vanderbilt University in 1988, all in Electrical Engineering
1 comment:
The future of capitalism (our socio-economic system) will be the future of China and the World. There's no getting away from it. However, can we finally rid ourselves of nationalism and nationalistic sentiments? Chinese, and peoples of the "non-west" are human beings, after all.
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