The Flaws of Democracy and Humanitarianism – Part 6/7

December 16, 2010

Left Coast Voices posted a piece about Liu Xiabo, a leader of the Chinese democracy movement, who won the latest Nobel Peace Prize. My response turned into a seven part series.

Another flaw behind this concept of Christian dominated, Western Humanitarianism and democracy led to the 2008 global financial crises which left a few individual Wall Street bankers very rich while causing about 64 trillion US dollars in global loses leading to tens of millions of vanished jobs and much suffering for people around the world.

In China, the West’s concept of Humanitarianism will not work well, since the safety, stability and harmony of the group is more important than the individual—the opposite of Western style Humanitarianism as advocated by the Nobel Peace Prize committee and Liu Xiabo.

For example, those US bankers that brought down the global economy in 2008 are still free to cause more global economic havoc while growing larger personal fortunes.

In China, the men that caused the 2008 financial crises would have been executed or locked up for life for the financial loses and suffering that was caused by unbridled individual greed. Many of the employees that worked for these men may have also earned prison sentences.

If you want to learn who those men were, I recommend visiting the Website for Inside Job, a documentary of the global financial crises.

Return to The Flaws of Democracy and Humanitarianism – Part 5

______________

Lloyd Lofthouse is the award-winning author of the concubine saga, My Splendid Concubine & Our Hart. When you love a Chinese woman, you marry her family and culture too.

If you want to subscribe to iLook China, there is a “Subscribe” button at the top of the screen in the menu bar.


Comparing Stimulus Packages

December 12, 2010

I read an informative and fascinating post by John Ross at Key Trends in the World Economy comparing how China and the US handled the 2008 global financial crises.

Ross has an impressive resume and knows what he is talking about.

It appears that Ross was one of the few voices that predicted China would recover faster than the US. 

Most conservative Western economists kept predicting the US would recover faster than China.  As it turned out, this was a wishful fantasy.

Three years later, the results show that Ross was correct. Between 2008 to 2010, China’s GDP grew more than 30% while US results were dismal.

While Ross provides much graphic evidence to support why this happened, it is his conclusion that sums up America’s failure to compete and grow its GDP that points out possible flaws in Western economic freewheeling theories that base too much trust in the private sector with little government control.

Ross says that the strengthening of political trends in the US led by such as the ‘Tea Party’ and the consolidation of right-wing Republican control of the House of Representatives may mean the US economy will continue to be hobbled in comparison to China’s GDP growth.

Ross feels that only if the US were to turn to a program of direct state intervention to boost new investment would the US benefit, which is what happened in China.

Instead of learning from the past, stubborn US conservatives appear to be repeating the same mistakes that caused the 2008 global financial crises.

Learn more at Building Things and Going Places

______________

Lloyd Lofthouse is the award-winning author of the concubine saga, My Splendid Concubine & Our Hart. When you love a Chinese woman, you marry her family and culture too.

If you want to subscribe to iLook China, there is a “Subscribe” button at the top of the screen in the menu bar.