China Expands Its Influence in Europe
By Wieland Wagner
Der Spiegel, 14 December 2010
China is seizing on Europe’s debt problems to expand its influence on the
continent with large-scale investments and purchases of government bonds
issued by highly-indebted states. The strategy could push Europe into the
same financial dependency on China that is posing a dilemma for the US.
Phi Beta Iota: Half of strategy is being smart at home–little things like assuring liberty and nurturing innovation, planning for resilience, being self-sustaining where it matters. The contrast between the US shrinking balloon and the expanding Chinese dominance of the world through measured export of males, measures investments, and presidential-level delegations that the US cannot fathom, all bode well for China and ill for the US. The Republic is no longer–whether it can be brought back in a Second American Revolution is the question that we older folk must address–but now we can do so confident that the younger generation–the 12-18 generation specifically, has woken up to both the crisis facing them and the ineptitude of their respective governments. Their informed anger is heartening.