Francesco Sisci: Thinking the Impossible: China’s World

From lastampa.it:

A series of impossible events—or better, of events that were thought to be impossible—have been taking place in America since the beginning of the century.

A spectacularly simple terrorist plan on September 11, 2001, managed to crash two New York towers that symbolized the nation, its wealth, and its power. This led America into a war in Iraq and Central Asia that has been going on so far yet failing to impose a new world order in the region.

Conversely, the war is exhausting America’s resources, created growing anti-American hatred in Muslim countries, and has brought a large divide with Europe, its staunchest ally, which is now sick of wars no matter what the cause.

After this, and most likely also because of this[1], the American financial system, which ruled the global economy and thus its social order, melted down and is being rescued by a very unlikely character: China, the country that only a decade ago the U.S. might have wanted to confront belligerently and the last large bulwark of official communism in the world.

Yet, now “communist” China is the largest bank-roller of American debt. It has bought some U.S. $1.7 trillion in American bonds and is still buying them to support the American economy as well as China’s own long-term investment in America.

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