By Chandrashekar (Chandra) Tamirisa, (On Twitter) @c_tamirisa
Tectonic plates are shifting in geopolitics, veering ideologically toward more state control of market economies.
This shift is caused and characterized primarily by the certain rise of China as the world’s largest economy by 2016 and on a par on a per capita or average basis, of about $30,000 income for each of its 1.3 billion or so people, with the rest of the developed world of the G8 group of countries, United States, Canada, United Kingdom, France, Italy, Germany and Japan.
Spheres of influence demarcate zones of political action of large anchor powers in world regions.
The new spheres of influence will largely be in Asia and Asiatic Eurasia consisting of: China, East and South East Asia including both Koreas and Japan, pushing back the influence of the United States in the pacific to Guam, Hawaii and east (“west”) of the International Date Line toward the American west coast. This region will be dominated by China’s emerging political ideology, which, most likely upon maturity in its evolution by 2030, will resemble the governance structures in Singapore and Hong Kong.
The rest of the world order is expected to remain the same, adjusting to China’s new stature, noting that China may not make the same mistakes as Russia after 1976 in its monolithic governance going forward just as it also did not since 1989.
The Clinton strategy during the 1990s was the shock doctrine (Naomi Klein). As a result oil prices were around $10/barrel for American growth to exert its economic power and economic model around the world through the International Monetary Fund (IMF) and Wall Street.
The crisis is once again in real estate, in the United States. So, It is fair game. In this decade, therefore, the reverse will occur by 2016. Oil prices will be affordable for Asian growth at the expense of America and Europe.
Is there something wrong if China consolidates economic power at the top and expands its global footprint for resources and output well above that of others with its model of political-economic governance when America is making mistakes, naive in its complacency and unprepared in its hubris that it is perfect and does not need to change, waiting to ride out the crisis?
When the sun rises on the China Sea Clinton will have been given his wish: more state control of the American economy, ironically rolling back all the American geopolitical gains since FDR and Truman after World War II. Obama being his accidental sidekick (it would have been Hillary).
America must be careful what it wishes for from the Bedouin jini. It just may get it.
