Thursday, May 05, 2005

We are prisoners of our own success


Many said that China would be the superpower in the future. No doubt. But why the fuss now? The sliding dollar has gotten people frantic about the future of America and their economy. See, America has been the superpower for a loong time. Contemplating that change makes us uncomfortable. Seeing signs of that change makes us jump in our seats.

As it is, America is and will still be the superpower nation in the next decade. One of the reasons is what we cant deny : Asian nations are prisoners to their own success. How so? We were shaped by the West, a conditioning that we see in the last couple of centuries in every aspects we can name : 1) Arts / Literature 2) Banking reforms 3) Capitalist nation

And now, we cant even appreciate our dollar against the US$ which by and large will give us more revenue. Yet, we cant. Coz it will make it too expensive for the Americans to buy. or the rest of world using the US$ to buy. In the end, we are worst off with currency appreciation. Prisoners of our own success.

An article reads about literary creations of how Japan, China are to the West. Very appropriate typical of Japanese culture. As for China, it goes to the very contradictions they are facing currently. Quite funny actually.

1 Comments:

Anonymous Anonymous said...

i'm still in aussie.. back on wed 2am.. wasssupppp

12:50 PM  

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