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China......The Rising, Voracious Leviathan

1/17/2011

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     Mao's China "is rising" and Deng "to get rich is good"....nationalism and pragmatism have combined under a "command economy"to produce tentacles stretching from Ecuador and Peru to United Staes and Canada to Britain to France to Germany to South Africa, Nigeria and the Congo to Iran, Kazakistan, Afghanistan and to India, to Russia to Japan to Australia , buying government bonds eg. USA, equities in banks and utilities eg. Britain, investing in constuction and engineering in Iran and the Mid-East, purchasing stakes in metals, energy, power  and transport.......will spend $4 billion to operate  Filipino power grid for 25 years, $ 5.5 billion to purchase 20% of the Standard Bank of South Africa, $2.2 billionin a joint venture in India [producing iron pellets and steel.
     China has over $2.4 trillion in foreign reserves and is willing and able to spend to purcahse goodwill (bought $150 million of Costa Rican bonds, after which, Costa Rica cut ties with Taiwan), bought Portugeese and Spanish bonds to help with their economic stimulus, to get  a foothold and win influence and assets, especially energy supplies ( in Iran, Congo, Angola, Nigeria, Kazakistan). It has also invested in France, spending $2.8 billion to buy into Total...French oil and gas company, $16 billion on banking and utilities (British Petroleum) in Britain, $43 billion invested with Alcoa in Rio Tinto for aluminum .......oil, gas, coal, iron, steel, aluminum and other metals, but bonds and equities are where most is spent, and the USA is its largest and safest target. So far China through its investment arm SAFE...State Administration for Foreign Exchange, ( serving the same purpose and with the same determination and goal to build the economy as the Japanese did with MITI....Ministry of International Trade and Investment), flushed with funds and free to spend as it sees fit (unlike its democratic counterparts, who are constrained by rules and regulations), is spreading its largesse far and wide, to achieve its goals of acquiring assets, growing goodwill, gaining political and economic foothold and spreading its influence. The only thing that can stop it is internal instability.....there over 100 million internal migrants, restive and moving from place to place looking for their "piece of the pie". As demands grow for more and more goods and services, the government has to deliver or else, they will be swept away like twigs. As former Chinese president Jiang , noted in answer to a question from an American reporter, on his visit to the USA, "IT IS MORE IMPORTANT TO FEED THE PEOPLE, THAN TO GIVE THEM THE RIGHT TO VOTE".        
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    fig 2-b My Father and Mother to whom I owe everything

    "Ecce Homo"  ("Behold the Man"), Antonio Ciseri's depiction of Pontius Pilate presenting a scourged Jesus to the people of Jerusalem.

    fig 1-b


    figure 1-a

    F. Goya
    Two men fighting with clubs
    circa 1819-1823

    The Black Paintings Period


    (Fig 2a) The Death of Innocents


    Author

     Ishwar R. Prashad recently retired from over 47 years of teaching.

    He taught Political Science variously at Dawson College, Loyola College, Algoma University College, Sir George Williams University, Concordia University and Vanier College.

    Previously, he taught for nine years in Port Mourant, Guyana.


    He became Principal of Corentyne Comprehensive High School at the tender age of 21. During this time he turned down Scholarship offers to study overseas in England and the U.S.S.R.

    He chose Canada and after graduating from Sir George Williams with a B.A Honours with Distinction, he accepted a Fellowship to complete his graduate work at McMaster University. He completed his first two degrees-Bachelors and Masters- in three years.  

    His last position was as Co-Ordinator of Political Science and Economics at Vanier College and Adjunct Professor of Political Science at Concordia University.

    He is married to the former Juliet Ramcharan (Library Supervisor, McGill University) and together they have three children – Indra R. Prashad, P.Eng. ,McGill (Presently Manager, Ontario Safe Water Drinking Agency), Ishwar R. Prashad Jr., B.A ,McGill (Presently, President, Kismit Gear Inc.) and Rabindra Y. Prashad, (Presently, Artist and Chef).They are the proud Grandparents of eight grandchildren-Miranda, Kamal, Ayesha, Élan, Anĵa , Étienne, Chloé, and Jasmine.

     

     

     





     



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