I remember in early 1960s, I read a book of short stories of science fiction from Eastern Europe in which one portrayed the future of mankind as one bloated capitalist lamenting that he owned everything with robots manufacturing products which no one can afford to buy, in fact the planet is dying with him as the last one. I also read the Michael Lewis book "The Big Short", in … [Read more...] about U.S. in Crossroad
China’s Obsolete Economic Strategy?
New York Times editorial board published an editorial this morning trying to give advice that's so laughable and I immediately wrote a comment to rebut them. "I think NYT should have more editorials about the direction of U.S. economy and government policies than China's. What you complain about China doesn't really hold water. 1. Despite the trigger of stock market … [Read more...] about China’s Obsolete Economic Strategy?
China at Crossroad, a Critique from Left.
With China's stupendous achievements from the last 35 years it would seem petty to complain about problems accompanies the growth. Yet Xi and his leadership group face some structural problems in reforms necessarily to transform Capitalism to her eventual goal of Socialism. Last month Beijing University named a new building after Karl Marx, and hosted first of hopefully … [Read more...] about China at Crossroad, a Critique from Left.
Prime Directive
As a science fiction fan Star Trek was one of my favorite, especially the "Prime Directive" which prohibit interference of other cultures and their developments. Of course it was a doctrine more in violation than its strict adherence since this was entertainment. Recently there was an outcry in Weibo when China joined a few others in voting against an U.N. Assembly motion on … [Read more...] about Prime Directive
China’s New 2 Childs Policy
When China recently announced change in 1 child policy, it was a total surprise to western observers and China experts. Some interpreted it as due to slow down in economy, labor shortages, or aging of the population. Others crowed triumphantly as failure of the population planning program, and human rights triumph over the authoritarian government. It would be pointless to … [Read more...] about China’s New 2 Childs Policy