“Rare And Foolish” by Paul Krugman (TIMES, 10/18/10)


          According to Paul Krugman “fecklessness of U.S policy makers” enabled the People’s Republic of China (PRC) to acquire “a stranglehold” on vital natural resources.

           This happened while Deng Xiaoping was in charge of the PRC government, which he attained because he was already the leader of the Chinese Communist Party (CCP) apparatus and supported by the USA (the latter preferring him to the CCP leftwing).

          When Deng, who had been denounced  as the leading capitalist-roader during the Cultural Revolution, encouraged the development of capitalist ventures under the slogan “to get rich is glorious,” an opportunity was presented to U.S. corporate leaders to close domestic plants, move production to the PRC and sell their products back to American consumers.

          In other words, the PRC as a ruthless competitor in the world market is in great part the creation of the giant corporations. Opposing revolution made them ready to tolerate any force, no matter how dangerous to world harmony (e.g.,the Fascists during the interwar period and the “capitalist-roaders” when they returned to power).

          Therefore, should Krugman be blaming weak “policy makers” for the China problem or should he be revealing in more detail the role of the actual culprits?

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