Archive

Posts Tagged ‘Confucius’

China and U.S. soften tone on yuan

The poor will pay a price ... as usual.

The poor will pay a price ... as usual.

Amid harsh rhetoric, Chinese Vice Commerce Minister Zhong Shan and U.S. Treasury Secretary Timothy Geithner sounded some conciliatory notes on Wednesday.Mr. Zhong, making a 30-hour visit to the U.S. to try to ease bilateral tensions, expressed confidence that politicians from the two countries “have the wisdom and ability to resolve existing problems.“Mr. Geithner said he be- lieved China would allow its currency to appreciate over time, according to a CNN interview transcript. While the U.S. “can’t force them to make that change…I think we can work through the tough things we have together,“ Mr. Geithner said.The stakes are high for both sides. The U.S. and China are among each other’s biggest trading partners, and numerous U.S. companies have investments in China. The U.S. is increasingly looking to China to cooperate on international strategic issues, such as nuclear nonproliferation and the fight against terrorism. (via WSJ ON YUAN – China and U.S. soften tone on yuan).

Let the games begin!

Rousing 'macho' WASP voters!

Rousing 'macho' WASP voters!

The Dragon and the Eagle are squaring off! An experienced US stalks China, waiting behind high walls of US$2500 billion foreign exchange reserves.

The US-China game has started in earnest. US, egged on by ‘macho’ voters and a cheering media, will:-

  1. Act tough
  2. Behave in a morally outraged and indignant manner
  3. Commentators will prescribe a trade war and sanctions

In parallel, analysts, academics, think-tanks, journalists will talk-up China. Like Greenspan talking-up the US dollar or Dow Jones. They will: –

  1. Hold up China an nation-exemplar
  2. Write books analysing on China. Such books will start pour out of our ears
  3. Make movies and novels about the ‘dominant’ Chinese in the US
  4. Study, extol Chinese culture /tradition /history, and hold forth as a shining example.

And China will be ‘uncompromising’! Act as though, they have a choice.

A certainty

The change in dollar-yuan exchange ratio will happen. Peacefully, or with violent side shows. Assuming that the dollar-yuan revaluation will happen smoothly, is fraught with risk. That it will happen, without any significant disruption, is one, big, huge, slippery assumption. What will follow the Chinese moment in the sun?

Economic mayhem?

What remains to be seen

What could set off economic mayhem in China? Crime in China (a simmering threat), terrorism in Xinjiang (remote possibility), real estate bubble (a real scenario)?

Will the Chinese Government be able to ride this storm? Without a war with India? Which side of the fence will China fall? Answers to these questions will be worth waiting for! And prepared with!

Last time …

It would do well to remember that last time when China had a problem, it resulted in the India China War of 1962. Just after the disastrous Great Leap Forward and before the equally disastrous Cultural Revolution.

The Great Leap Forward began in 1957-58, saw famine and hunger across China. After the Communist takeover of China, land seized from land owners, was given to peasants in 1949. Ten years later, in 1959, the Chinese State took away the same land from the same peasant. Food shortages, starvation followed. Western (questionable) estimates are that 30 million people died during this period. War with India followed in 1962 – a diversion from the domestic Chinese catastrophe.

What will it be this time?

The Dragon vs. the Eagle

December 10, 2009 1 comment
Such a loving couple ...

Such a loving couple ...

At the same time he seriously plays down the horrors of Mao’s tyrannical rule, writing that “he remains, even today, a venerated figure in the eyes of many Chinese, even more than Deng Xiaoping” and that the Communist Party “succeeded in restoring its legitimacy amongst the people” and fostered “extremely rapid economic growth,” “despite the calamities of the Great Leap Forward and the Cultural Revolution.” In addition he diminishes the importance of the pro-democracy Tiananmen demonstrations and dissident sympathies, arguing that there is an “apolitical tradition” in China and that “the Confucian ethos that informed and shaped it for some two millennia did not require the state to be accountable to the people.” (via Books of The Times – The Dragon vs. the Eagle in Martin Jacques’ ‘When China Rules The World’ – Review – NYTimes.com).

For this one insight …

The Dragon versus the Eagle analogy is just hot air! A lot of hot air. China is too busy playing footsie with the USA to challenge! But the bit about China being ‘apolitical’ is a gem.

This bit about, China’s “apolitical tradition” in China and that “the Confucian ethos that informed and shaped it for some two millennia did not require the state to be accountable to the people.” This one observation by Martin Jacques’ explains so much about world history – and modern Asian history.

Platonic-Confucian axis

The axis of Confucian-Platonic authoritarian, ‘wise’ rulers, who were not accountable, was (and remains) the overwhelming model for the world. Property rights remained with less than o.1% of the people. Under the CRER principle, (cuius regio, eius religio, meaning whose land, his religion; CRER) even the most personal religious beliefs of the individual were subject to State approval, as per law.

Pareto’s principle … Ha!

Yes – Pareto was wrong.

Rarely (do they at all?) do 20% of the people get to own 80% the national wealth. It is usually about o.1%. Look at America. Less than 300,000 people (from the Forbes /Fortune lists, the Government and the academia, media) who control the US  – a population of more than 300 million.

The West scorns the Chinese one-party rule. But how does one more, collusive party in the national polity, in a ‘democratic set-up, become the paragon of political virtue. Did it ever occur to its defendants, that a two-party polity just an illusion of choice and change. But, it was the same lack of accountability – in a more invisible manner?

The only exception to this was the Indic system of polity – where property rights were vested with the user, justice was decentralized (did any Indic king dispense justice?), religion was maya and dharma was supreme. The modern Indian State has acquired the Desert-Bloc-Platonic-Confucian authoritarian principles of the State as parens patriae. So, the power of the Indic ideas is something that India seems to have forgotten, missed and lost!!

What's the difference?

What's the difference? One more collusive political party!

In Greater China

In Hong Kong Chinese movies, till the 1990’s, a recurring theme was the Buddhist monk. Until the modernist Jackie Chan goes to America versions started coming out, it was always the wise Buddhist teacher who taught the Brave ‘Chinaman’ to fight against feudal oppression. It was always the Wise Buddhist Teacher who showed the way.

Lee Kuan Yew – a Confucius bhakt

Now this explains why Lee Kuan Yew extols Confucian virtues of Greater Chinese. Is it surprising that the ‘modern’ Chinese Government is so afraid of Buddhist revival that they have put restrictions on the Falun Gong followers from doing breathing exercises in the open. Falun Gong which attracted nearly 10 crore followers in the last 15 years, seems to have made the Chinese Government nervous.

Contrast the faith that the Chinese have in Buddhist teachers with the representation of Church and priests in Hollywood and you will see the contrast. One set has been able to maintain trust and faith for more than 2000 years – and the other set seems to have lost it in less than a 1000 years.

Is it any surprise that the common Chinese loves and venerates the Buddha – and the Chinese Government lays so much emphasis on Confucianism?

Lee Kuan Yew On Chinese ‘superiority’

October 12, 2008 2 comments
Lee Kuan Yew - A modern follower of the Confucius

Lee Kuan Yew - A modern follower of the Confucius

To begin with we don’t have the ingredients of a nation, the elementary factors, a homogenous population, common language, common culture and common destiny. (via We saw Sri Lanka: Lee Kwan Yew says it again).

How tough it must have been

He is talking about the difficulty of ‘creating’ the nation-state of Singapore – with a population of 45 lakhs (4.5 million). To put that in perspective, that is little less than twice the population of AIDS-affected in India. And to think that India believes that the success of Singapore has any lessons.

Confucius - The Chinese Government loves him!

Confucius - The Chinese Government loves him!

Lee Kuan Yew, who is sure that India will never grow beyond 60%-70% of China and how the Confucian ethic is superior.

Platonic-Confucian axis

The axis of Confucian-Platonic authoritarian, ‘wise’ rulers was the overwhelming model for the world. Property rights remained with less than o.1% of the people. Under the CRER principle, (cuius regio, eius religio, meaning whose land, his religion; CRER) even the personal and private aspects of a person, like religious beliefs of the individual, were subject to State approval.

One thing, Mr.Lee, why don’t you ever talk about how beneficial it was for you (meaning Singapore, since  your family practically owns and runs Singapore) to become a client state of the US. That is the one lesson that Singapore can teach, Mr.Lee.

%d bloggers like this: