Noam Chomsky in The NY Times [reproduced on CommonDreams] on globalisation's relentless onwards march:
"Shifts in global power, ongoing or potential, are a lively topic among policy makers and observers. One question is whether (or when) China will displace the United States as the dominant global player, perhaps along with India.
Such a shift would return the global system to something like it was before the European conquests. Economic growth in China and India has been rapid, and because they rejected the West's policies of financial deregulation, they survived the recession better than most. Nonetheless, questions arise.
One standard measure of social health is the U.N. Human Development Index. As of 2008, India ranks 134th, slightly above Cambodia and below Laos and Tajikistan, about where it has been for many years. China ranks 92nd-tied with Belize, a bit above Jordan, below the Dominican Republic and Iran.
India and China also have very high inequality, so more than a billion of their inhabitants fall far lower on the scale.
Another concern is the U.S. debt. Some fear it places the U.S. in thrall to China. But apart from a brief interlude ending in December, Japan has long been the biggest international holder of U.S. government debt. Creditor leverage, furthermore, is overrated.
In one dimension-military power-the United States stands alone. And Obama is setting new records with his 2011 military budget. Almost half the U.S. deficit is due to military spending, which is untouchable in the political system."
"Shifts in global power, ongoing or potential, are a lively topic among policy makers and observers. One question is whether (or when) China will displace the United States as the dominant global player, perhaps along with India.
Such a shift would return the global system to something like it was before the European conquests. Economic growth in China and India has been rapid, and because they rejected the West's policies of financial deregulation, they survived the recession better than most. Nonetheless, questions arise.
One standard measure of social health is the U.N. Human Development Index. As of 2008, India ranks 134th, slightly above Cambodia and below Laos and Tajikistan, about where it has been for many years. China ranks 92nd-tied with Belize, a bit above Jordan, below the Dominican Republic and Iran.
India and China also have very high inequality, so more than a billion of their inhabitants fall far lower on the scale.
Another concern is the U.S. debt. Some fear it places the U.S. in thrall to China. But apart from a brief interlude ending in December, Japan has long been the biggest international holder of U.S. government debt. Creditor leverage, furthermore, is overrated.
In one dimension-military power-the United States stands alone. And Obama is setting new records with his 2011 military budget. Almost half the U.S. deficit is due to military spending, which is untouchable in the political system."
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