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China’s technology sectors are exploding by leaps and bounds and rapidly eclipsing OECD countries (Organization for Economic Cooperation and Development http://www.oecd.org/about/membersandpartners/list-oecd-member-countries.htm), those being the United States and most of its wealthy poodle states around the world. Organized in 1961 by Uncle Sam to compliment America’s other imperial sledgehammer, NATO (http://www.nato.int/cps/en/natolive/nato_countries.htm), OECD+NATO were and are supposed to be capitalism’s “F.U.” to socialist and communist countries. You know the ones I’m talking about, those that dare to stand up and be free from Western tyranny, occupation and subjugation, including China.
Some communist idealists and purists have never forgiven former Chinese leader Deng Xiaoping for his 1978-1989 policies of opening up the People’s Republic to economic reforms and international financial and technological markets (http://chinarising.puntopress.com/2017/08/26/today-is-deng-xiaopings-birthday-china-rising-radio-sinoland-170822/), and who knows, maybe they are right. If any country in the world could become a global leader as an ascetic society cum communist powerhouse, China is the only one that could probably pull it off long term. Mobo Gao and Dongping Han both agree that it was a viable option (http://chinarising.puntopress.com/2017/03/30/from-poor-peasant-to-phd-professor-mobo-gaos-revolutionary-upbringing-during-chinas-mao-era/ and http://chinarising.puntopress.com/2016/11/09/son-of-the-revolution-dongping-han-on-growing-up-during-chinas-great-leap-forward-and-cultural-revolution-china-rising-radio-sinoland-161110/).
But, it didn’t turn out that way. As I have written in The China Trilogy (http://chinarising.puntopress.com/2017/05/19/read-the-china-trilogy), the Chinese have been communist for 5,000 years and come to it naturally. But Deng dreamed of a rich, technology fueled communist China, not an agrarian, heavy industry behemoth with a Spartan consumer lifestyle.
Vladimir Lenin, Josef Stalin and the USSR had the same problem. Communism is supposed to develop in wealthy, post-industrial, infrastructure-, technology- and education-developed capitalist countries, not among poor, illiterate peasants crawling out of feudalism, misery and near slavery. While totally denied in the West, Lenin & Co. were very successful with their New Economic Policy (NEP http://www.inquiriesjournal.com/articles/59/lenins-new-economic-policy-what-it-was-and-how-it-changed-the-soviet-union) in turning the Soviet Union into an industrial, technological and scientific powerhouse, rivaling the West, but like Deng’s concerns, Russian daily life lacked amenities and consumer goods that educated, working people aspire to, during their leisure hours. Industrialized countries would already have them with which to transition to communism. Russia and China never had them in the first place.
So, Deng decided to return China to its millennial glory days of technological superiority over the rest of the world (https://books.google.com.hk/books/about/The_Genius_of_China.html?id=FqFb15p61_EC&redir_esc=y) and opened up the flood gates. It is hard to believe that it has been less than forty years since he flipped on the switch. As a result, China has radically transformed itself in just a couple of short generations. Since it has re-solidified its historical genius at technological innovation, the rest of humanity will also never be the same again and all of are finding it difficult to keep up.
McKinsey, the Western financial reporting company, has confirmed what everybody knows, but doesn’t want to admit: Baba Beijing is overtaking the OECD and NATO in technological superiority.
In nominal exchange rate terms, China is in the Top Three in cutting edge venture capital technology sectors. But this chart only tells half the story. First, in 2016, China’s currency, the RMB, was already depreciating against the US dollar and the euro, making the above Chinese dollar equivalents smaller (http://www.x-rates.com/average/?from=CNY&to=EUR&amount=1&year=2017). Second, China has a planned, communist based economy, so most of that tech investment is being funneled into streams of long term, national and regional objectives, that are designed to improve the lives and lifestyles of the Chinese people. These many economic and technological pipelines are analyzed out five, ten, twenty and more years, and modified for maximum social benefit, as the results pour in (http://chinarising.puntopress.com/2016/10/18/so-called-communist-china-an-exclusive-article-for-the-all-china-review-16-10-17/). Third, McKinsey focused on private venture capital. Much, if not most of China’s “STEM” innovation (Science-Technology-Engineering-Mathematics) is paid for via its dominant and massive public state sector, which is composed of state-owned enterprises (SOEs).
In the capitalist West, the first, second and third goals of any investment are to make the investors as rich as possible, as fast as possible, damn the environmental, human and social consequences, end of story. This, in spite of all the preposterous propaganda about capitalism’s “infinite market wisdom” and Adam Smith’s “invisible hand” making everything hunky-dory for the poor, working and middle classes.
The hard-to-accept reality is the West’s elites have been blowing this punk smoke up the little people’s asses for the last 500 years. OECD citizens’ eyes glaze over and they look down and stare at their feet when I say this: they are not rich because of capitalism. They are rich because of their empire’s extractive plunder of dark skinned people’s natural resources and the exploitation of these same people’s labor. But, I digress, dear China Rising Radio Sinoland fan, so let’s get back to China, where the real action is happening.
Unlike the very corrupt West, socialist Baba Beijing actually follows through and makes the average Wang’s life better. One only has to look at my hometown, Shenzhen, to see concrete, real-time proof of what I’m saying, as well as my testimony of traveling around the libertarian capitalist United States this summer, as a comparison. (http://chinarising.puntopress.com/2017/08/26/china-is-the-most-plugged-in-big-economy-in-the-world-china-rising-radio-sinoland-170824/).
The OECD’s fetid swamp of money-buys-all politics, controlled by corporate power lobbies, trillionaire oil banking families and deep state spies and generals, who are sucking the 99.9% bone dry, is starting to catch up with it. Baba Beijing is even taking a big bite out of one of the West’s race+democracy superiority trump cards (“trump” with a small “t”, yuk-yuk): intellectual property ( https://techcrunch.com/2017/04/11/the-surprising-rise-of-china-as-ip-powerhouse/).
Be it space stations, green energy, bio- and med-tech, new generation nuclear energy, agri-tech, infrastructure, military hardware, industrial production, transportation, robotics, artificial intelligence, financial tech, supercomputers+big data, and on and on and on, Baba Beijing is kicking Western butt and taking names. But you would hardly know it from the mind numbing mainstream media propaganda machine, orchestrated out of Langley, Virginia and the Pentagon.
I can hardly keep up with China’s hyperbolic technology + innovation trajectory. It is breathtaking and leaves my head spinning. I live it every day, in Shenzhen, the New Millennium’s Silicon Valley. San Jose is soooo 20th century, bay-bee.
In fact, China’s 21st century Great Leap Forward 2.0 and Innovation Revolution is so dizzying, inspiring and humanity-changing, that I’m committed to reporting on key sectors in this column in the future.
So, consult China Rising Radio Sinoland often and read The China Trilogy (http://chinarising.puntopress.com/2017/05/19/read-the-china-trilogy), to understand how your world works and where you are headed. Don’t be one of the majority fools, who will wake up one day and say,
“What the FUGG happened, Bubba? I mean seriously, dude, what the HELL is going on?”
And remember fans, sharing is caring. Put your social media to good use and liven up lunch at work. With China Rising Radio Sinoland as your Horn of Gabriel and sword of truth, maybe we can save the West from itself, before it’s too late. No one can say you didn’t try!
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