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Written by Stumo
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Friday, 04 January 2008 |
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Krugman is sane. A rare attribute for a pundit.
He says today that foreign policy must focus on the Far East rather than the Middle East.
Even now, China accounts for about only 9 percent of the world’s
demand for oil. But because China’s oil demand has been rising along
with its economy, in recent years China has been responsible for about
a third of the growth in world oil consumption.
As a result, oil at $100 a barrel is, in large part, a made-in-China phenomenon. ...
Why is climate change a China issue? Well, China is already, by
some estimates, the world’s largest emitter of greenhouse gases.
...
China has 50 times the population of Iraq.
This is a good comment. Not China bashing, but recognizing the dynamics.
The truth is that China is too big to be bullied, and the Chinese
are too cynical to be charmed. But while they are our competitors in
important respects, they’re not our enemies, and they can be dealt with.
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