America and China are entering the dark forest

BloombergOpinion/Niall Ferguson

“Yet that view attaches too much importance to the change in U.S. foreign policy since 2016, and not enough to the change in Chinese foreign policy that came four years earlier, when Xi Jinping became general secretary of the Chinese Communist Party. Future historians will discern that the decline and fall of Chimerica began in the wake of the global financial crisis, as a new Chinese leader drew the conclusion that there was no longer any need to hide the light of China’s ambition under the bushel that Deng Xiaoping had famously recommended.”

USAGOLD note:  Insights from historian Niall Ferguson on what happened to U.S.-China relations and what we might expect in the future.  A lengthy, important read on the developing new Cold War with China that Ferguson sees as “inevitable and desirable.”

Repost from 7-5-2020

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