The Trend of History
The Trend of History
The Trend of History
From its beginning, the past has been measured in progressively larger units
of space, from local tales passed from generation to generation, to regional
experience with improvements in transportation, to our present day when
history is measured in minutes across a spatial plane that extends infinitely
in every direction. Where the village of one's ancestors once anchored a
world no larger than one could see, ours is anchored in the palm of our
hands with Blackberry's, IPods, and I Phones. And yet, we of the English-
speaking world still consider ourselves decidedly "Western" in a digital age
with no reference points.
The foundations of our western part of the globe have become free
markets, unbridled capitalism, corporate nations, faux democracies in a riot
of hues and hypocrisy, and exponential expectations. Unchecked opportunity
for wealth accumulation became our religion, supplanting a Christian ethic
that stood in tough for two millennia, cast aside now like an aged and
irrelevant wife.
In the West, there never was any doubt - at any time - that the economic
engine that had made us all wealthy, lazy, and stupid was not a God given
right of man, and the natural course of history. To us were given the fruits of
the Garden of Eden by God himself, in much the same way as Adam Smith
gave us the rationale for raping the Earth. The American way to the
American dream.
In the East, there was Japan...and then nothing. Straw hats perhaps, and
take out. The East was mysterious in a quaint sort of way, communists of
course, old grainy war films, Chairman Mao. Richard Nixon went to China, a
trip we all remember as the first time we gave one billion Chinese any
interest at all. We missed the significance of the visit, coming as it did when
the great Western economic engine slipped a gear for the very first time. If
the West had given that confluence of events any space in history at all, we
would be recalling it as a moment of supreme irony - and perhaps, the
beginning of the end.
The West believed the East had always been a mix of badly mismanaged
command economies based on borrowed western ideas, grafted to customs
and totems as old as time itself. To the West, it looked arcane and
dysfunctional, as everything did before the triumph of the triumph of
Americanism. In the East - where patience is a foundation of both history
and culture - they politely absorbed the lectures and admonitions and quietly
went about their business. The tortoise and the hare.
Once Richard Nixon closed the gold window and exports from America
slipped below the waterline for good, the battle ship America began an
imperceptible list to port that would not be fixed by everyone running over
to starboard. Through successive booms, busts, recessions and recoveries
the Western economy began to lurch and stagger towards exhaustion on a
forty year flare out. Technology raced ahead of morality. Hiroshima,
Nagasaki, Wall Street. The latter spreading radiated derivative debris
throughout the arteries of global economics. With each successive blast, a
greater triumph for the West.
You just have to believe that in idle chatter before the meetings of the
Chinese Politburo, while the comrades are all quietly renewing acquaintance
and passing along gossip, it has not gone un-murmured that the proverbial
"shoe" is now on the other foot. It simply cannot have escaped notice or
comment that China was now the pre-eminent superpower on the planet. I
wonder if they joke how they accomplished it without firing a shot in anger,
or if they're smug with their patience and fortitude. I wonder if they chuckle
over who got the best value in the cheap t-shirts for debt and foreign
reserves deal. I wonder if there is an office pool or anything on the date
when the West will realize they had switched jerseys.
If this is not the time when the economic, social, and political ideals of the
western world prove themselves unsustainable, the multi trillion dollar fight
to prop up the beast will surely hasten it. What's that old saw..."it may not
be the best system, but it is the best we've got"? Perhaps not.
There are those who believe the price of homes in America will resume their
northward march, and that the auto industry will return to 16 million unit
years. Others see that given enough time, the great western banking houses
can earn their way back to mortgage shredding prosperity. There are those
who think that "drill baby drill" is the solution, and not the problem. Those
would be the nervous voices of the titanic western civilization, all cylinders
blazing, full steam ahead through the ice fields.
The United States of America was the sole earthly superpower for two
decades on the bridge between the 20th and 21st century. For perhaps the
only time in history, a nation state had held the earth in economic
hegemony, giving righteous glory to free markets and democracy. Twenty-
five years of spectacular excess, gluttony, and hubris in a stress test they
themselves set. Two and half short decades at the tail end of 100 centuries
of history.
With the inclusion now of global influence on international economics and the
rising importance of Chinese interests in particular, the pre eminence of
Western socioeconomic thought has waned. And while some may say not a
moment too soon, it is a moment that has been sealed in time and we, just
fortunate to be included in the same frame.
Originally published as "The Trend of History In The East" for the Asia Chronicle, where
Aetius Romulous is a regular columnist and syndicated writer on geopolitics and
socioeconomics.
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