As to China, it will inevitably suffer the same fate as any Nation blessed with enormous resources of the mind and land. A few leading families with short time horizons, the passionate lust for power of legions aligned with and against those families, and the great numbing clamoring of masses demanding “security” of person, wealth, status and whatever else, will all combine to bring less “security,” less “stability” and more unrest.

The clearest expression of China’s desire to join Europe as a dying continent is its one-child policy. To openly seek the extermination by attrition of its own is the first step. Seriously, only in Europe, upper class America and China is it considered cool to curse the blessing of kids.

I have to admit I can’t blame the elites of China for buying into mercantalist and keynesian crap. Afterall, that’s the course de jure at all the major prestigious american universities. Inflate your way to wealth! Rapidly reproducing currencies combined with rapidly declining population will lead to nirvana! Hooray. Good thing we sent Juan Jr. to study at Harvard!