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I agree. While China's rise might be unsettling for those who truly believe the world is unipolar (the Krauthammer thesis) and fear that U.S. preeminence is slipping away, it is less unsettling for those who understand that it has been and is likely to remain multipolar. Understanding that large shared interests exist between China and the U.S. is also recognition that there is vast opportunity for a non-confrontational, mutually beneficial long-term relationship. A world in which China is counted among the world's great powers need not be a world of confrontation, Cold War, or worse. Among other things, precisely because its economic miracle has been made possible by East Asian stability, a continuation of that stability is as much in China's interest as it is in the United States'.
To be sure, risks exist. But at this point in time, if those risks evolve to the extent that the U.S. and China are in confrontation, that outcome will more reflect bad policy choices/decisions than some immutable historic outcome.
Actually I would say that the world is unipolar and China will ultimately rise to be the superpower, but it is not going to be for decades and the progress of reform in China will be substantial by then. I honestly do not see China as a potential enemy any time in our future. Russia is the country I have been looking at for some time, but really my concern is not for some bizarre notion that either country is out to harm us. World War I happened not because anyone wanted it to happen but due to the circumstances and entangling alliances prompting it. People may make political hay out of China's ties to Iran, but those are largely economic and rooted in financial gain as opposed to some geopolitical maneuvering. However, India and Russia have more extensive strategic military ties with Iran and with each other.
Those sorts of ties can become extremely complicated for the West that aligns itself against Iran.