Wednesday, February 28, 2007
This is by no means a new observation, but as somebody born and raised during the Cold War I still feel as though I'm in Bizarro World when I read things like this:
Bullish comments in China's state-controlled media appeared to reassure anxious domestic investors, who account for virtually all trading. China will focus on ensuring financial stability and security, the official Xinhua News Agency cited Premier Wen Jiabao as saying in an essay due to be published in Thursday's issue of the Communist Party magazine Qiushi.
Your modern Commie, who may actually be the same guy who in the 1960s imprisoned or shot intellectuals and dug up city parks because they were too bourgeois, is now all about being bullish. True, he's still going on about "financial stability and security" and that could be a bit ominous, but it probably only means that he respects the popular reaction to stock market volatility to roughly the same extent as, say, Senator Sarbanes. In the end, you have to agree that's a huge improvement.
The Chinese people and government like stability.
In Poland Lech Walesa once said, "The Polish Communists are just like radishes. They are only red on the outside." You can say the same thing about the Chinese. Mao was just another Chinese emperor in a long line of Chinese emperors.
Speaking of bizzaro world...we're encouraging Iraq to sell oil and divy up the proceeds among it's people.
Hey, they're already got the unemployment, may as well have the good parts of communism too...
But how does that sit with your Cold War mentality?