Saturday, June 27, 2020
The current situation with China bears no resemblance to any of this. China is the world’s largest, market-based economy in purchasing power parity terms. The Chinese challenge is overwhelmingly a question of market governance. Unlike the former Soviet Union, China does not seek to impose or spread its style of communist rule on other countries (other than Taiwan), either by military means or political persuasion. China’s nuclear arms inventory is a fraction of that of the United States or Russia, adequate only to survive a first nuclear strike and retaliate. China’s economy is not centrally planned under Soviet-style communist principles. China’s economy has leaped to the top by exploiting and manipulating what the administration describes as the global economy’s “free and open rules-based order.” China is now the leading exporting country in the world and the second-largest importer after the United States. It has cynically manipulated free market rules to achieve its long-range goal of global economic dominance under an authoritarian communist party model more reminiscent of German-style fascism than Marxist socialist doctrine, or Soviet-style central economic planning and control. Like Nazi Germany, China espouses a form of (Han centered) ultra-nationalism, marked by dictatorial powers, suppression of dissent, and overwhelming regimentation of society and the market economy to serve the ends of one-party rule under a benighted leader.