China proposes a new form of globalization with vastly different values than the Western globalist model. It respects national sovereignty, strongly supports traditional values, strictly controls free speech but embraces the existing pluralism within the Chinese culture.
This contrasts with the pre-Trump U.S.-led globalism based on a liberal democracy which does not respect traditional family values and religious principles, but rather pushes a hedonist, nihilist, globalist market capitalism.
Chinese globalization: “If you go to the streets of Paris, every weekend you will see the yellow vests, and they will tell you where their money has gone. If you go to Germany, the most successful country in Europe, there is also there so much dissatisfaction. So, we see a a tremendous backlash against the Western elites who led this wave of globalization or globalism and it will only intensify and spread.”
This says Dr. Eric Xun Li, a Chinese venture capitalist and political scientist who often criticizes Western liberal democracy, and praises the Chinese meritocratic system and political leadership. The comparison between the two nations’ different response to globalization, may give insight into how the Chinese view the West and why they perceive Western nations as doomed. Dr. Li serves on the boards of the China Europe International Business School (CEIBS), Stanford Graduate School of Business, and the Freeman Spogli Institute for International Studies at Stanford University. He is currently the chairman and managing partner of Chengwei Capital.
While Chinese globalization since the mid 1980s has lifted hundreds of millions out of poverty, Western borderless globalism has produced wealth for the top billionaire elite, while the population is suffering.
Noteworthy, President Trump seeks to diminish precisely the Western globalist structures of open borders and lack of national sovereignty that have led to the rise of the billionaire class. His aim is to re-establish the livelihood for the American working class and reindustrialize and invigorate the opportunities for the American middle-class.
Chinese globalization: “For a quarter century I have pointed out the destructive effect of moving American investment and jobs to China and other points abroad. Offshoring served the interests of corporate executives and shareholders. The lower labor costs raised profits and, thereby, executive bonuses and the prices of the stocks, resulting in capital gains for shareholders. The American manufacturing workforce was devastated, as was the tax base of cities, states, and the federal government,” writes Dr. Paul Craig Roberts, Undersecretary of the Treasury in the Reagan administration and a regular contributor to The Herland Report.
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Chinese globalization: Precisely this is what I point out in my book, Trump, The Battle for America 2025 Edition: Over 90 % of the US media is owned by only 6 corporations with widespread interest in the development of a globalist, transnational capitalist system that profits from lack of national sovereignty. The globalist business model is dependent on weak nation states, that easily may be overrun by global corporations that crush the middle class and local businesses.
Western countries are experiencing growing internal dissatisfaction due to the disproportionate distribution of benefits from globalisation, which has primarily benefited elites while leaving significant populations stagnant or worse off. Europe’s experience with the euro and EU institutions highlights tensions between economic integration and the ethnic European cultural-national identity.
Dr. Eric Xun Li’s unique economic insights and critiques of global capitalism gives an interesting insight into the way China’s unique experience with globalization, economic development, and political governance is viewed within China.
He contrasts it with Western countries, particularly the United States and Europe, where the billionaire elite has benefitted enormously from the lack of redistribution of wealth when jobs and opportunities were outsourced to China and low-cost countries in the late 1980s onward.
“Today American living standards are based more on credit than on productivity. America is the loser. China is the winner. I remember when Washington’s strategic thinkers said it would be 50 years before China would be a problem for American hegemony. The offshoring of US manufacturing, technology, and business knowhow reduced the time to 5 years. Today on a purchasing parity comparison, the Chinese economy exceeds that of the U.S. This is what globalism did for America. It made the American economy subordinate to China,” writes Dr. Roberts.
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Led by Scandinavian bestselling author, Hanne Nabintu Herland, The Herland Report provides independent analysis from leading Western intellectuals and ground breaking Podcasts and YouTube interviews, cutting through the mainstream media rhetoric. It is a great place to watch interviews and read the articles of leading intellectuals, thought leaders, authors and activists from across the political spectrum. The Herland Report believes in freedom of speech and its editorial policy resides above the traditional Left vs Right paradigm which we believe has lost its relevance and ability to describe the current driving forces in Western politics.
