Quote:
Originally Posted by aceventura3
I am not clear on want China's motivation is. I understand capitalist and I understand capitalist's motives. I simply do not understand China, given the history and the current trends.
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I think a lot of it has to do with their transitioning from Maxism/communism to something more capitalistic. What you get is a kind of hybrid; a kind of nationalistic capitalism. America was in the same mode in the 19th century. The tactics and the politics just differed slightly. Plus the world economy wasn't nearly as global as it is now, so economic protectionism, etc., seems to be more of an adversarial thing than it was back then.
It's economic protectionism (not just by China, but virtually every big player) that will hinder the global economic recovery.