Читать книгу Financial Cold War. A View of Sino-US Relations from the Financial Markets онлайн

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This book rejects the notion that the current Sino-US conflict is a New Cold War for three reasons.

First, there is a critical difference in the factors underlying tensions between China and the US today and those that precipitated the 20^th century Cold War. In the late 1940s, there was no meaningful trade or investment between the US and the Soviet Union that could give rise to frictions. The primary driver of the Cold War was ideological, whereas financial factors have played a major role in stoking current Sino-US tensions. While it is undeniable that there are significant ideological differences between China and the US, far from seeking the overthrow of global capitalism, China has adopted significant aspects of the capitalist economic model and, although it has not fully embraced America's brand of free market ideology, it is today no more socialist than a great many European social democracies. These hardly present a threat to America's capitalist way of life.