Big Red Checkbook – John Feffer

From The Nation, via A Glimpse of the World:

“The glory of Our Empire shines on this universe with brilliance,” a ruler once declared in a letter to courtiers in London. “Not one single person or country is excluded from Our kindness and benevolence.” He had good reason to be pleased. His country sat astride the global economy. His army was large, his domains vast. He believed his country to be the center of the world, and a good chunk of the world agreed.

And yet, despite the fulsome satisfaction of this 1805 letter, its author, the head of the Manchu Qing dynasty and emperor of China, had cause for anxiety. Less than twenty years before, China had suffered a humiliating defeat in Vietnam and continued to have difficulty besting the Burmese, Tibetans and Zunghars. Trade with Europe was still expanding rapidly. But the European powers were quickly getting the upper hand by controlling shipping and financial flows, and China was developing a dangerous dependency on silver and opium. Until the late nineteenth century, China’s economy was the largest in the world, but then it headed precipitously downward. The Chinese knew practically nothing about the modern firearms with which Europe was taking over the world. [Full Text]

Read also a critique of the historical accuracy in this article from the Jottings From the Granite Studio blog.

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