Is The Dollar Crisis Triggering A China Crisis?

News Type: Event — Seeded on Sat Oct 25, 2008 6:13 AM EDT

Article Source: Times of India

world-news, wen-jiabao, currency-crisis, china-crisis

China's most popular politician Wen Jiabao, the prime minister, has become a target for Communist party hardliners and could be forced from
office, according to a magazine in Hong Kong.

Its report is a rare insight into the struggle over the future of China between political reformers and guardians of the police state. The PM's popularity rose this year as he comforted the victims of the earthquake in Sichuan province, visited people caught up in disastrous snowstorms and defended China's unyielding policy on Tibet.

Inner Party Democracy

Actually, if the Chinese were to open up the Communist Party also to a transparent democracy, it would be OK. Then such reports would have little meaning.As long as peaceful change in Governments and officials happen, a country /nation is 'stable'.

Democratic Monarchy

Lee Kuan Yew's diatribe against 'Western democracy' fails on this point. What happens after the Lee family dilutes its holding in Singapore - due to family size and age? Singapore has become a 'democratic' monarchy'. Which would be fine - if it were to declare itself so, and define succession laws.

India, engage

It is this lack of political transparency, which stops many awaited changes from taking place. And that is one thing that differentiates India.

Announcement

The 2ndlook model for a Third currency Bloc is ready. Join in to review, participate, critique and develop the First Cut. While the need for a new global reserve currency has been evident, there is very little in the public sphere. The speed of events has clearly caught the BRICS and Third World napping - and unprepared. But, not 2ndlook - who, from the very beginning, proposed that the world should stop clinging to the Dollar-Euro skirts.

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2ndlook

The current economic crisis seems to be having political overtones also. Click on the embedded link to get more details.

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1 vote

#1 - Sat Oct 25, 2008 6:23 AM EDT

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Is The Dollar Crisis Triggering A China Crisis?

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