P.R.C. and the G – 20 – July 2017
The goals of China at the G – 20 Summit this week in Hamburg, FRG, have to do more with its concentration on power politics than anything else, what with the early arrival of the Chinese head – of – state Xi Jin ping remarkably early to the country today (July 5, 2017.) Undoubtedly there is discussion at the meetings in Hamburg this week of Brexit and North Korea, especially among anyone good at rhetoric. Otherwise, that the Chinese are still in economic organizations such as that of growth nations and that of stodgy, capitalist economic rules and identities is equally stifling after a number of even former soviet clients, and the soviets were the Marxist tutors of the P.R.C., who have publicly complained the Chinese again have gotten into their computing systems. Things such as computer architecture and wireless network structure do seem a way to distract from the trade and mercantilist approach to politics of the G – 20 lately, and same has been this way for some time, maybe since its founding of sorts in Paris by Giscard d’Estaing many years ago, originally as the G7. But what is at hand that has the Chinese arriving so early to such an event? There is not really an answer, other than Xi is at least temporarily attempting to steal the aura and locale of much of the work that is completed by a Chinese foreign minister and the German trade and commerce, etc., bureaus and those related activities and people along with all the various views and critical thinking, studies, statistics, arguments based on these, and of course their main effect once the press hears them and re – emits them, trumpeting from the metaphorical turrets at the house of gathering people.
Economics deals much in the subject area of approximations due in part at least to the number of factors that are entered into a hypothetical model to produce a proper and real – looking outcome, payoff, and / or result. Remember that this is an area where those in government or regulators are constantly shaping and re – shaping models and hypothesis in order to stratify, develop, equalize, defer and so forth, according to the party line or altogether official roles of individual actors and their own influences over the market, be the actors people, entities, economic phenomenon and influences themselves, short and long – term trends in markets including the effects of regulation and compliance in their intent and to the letter of the law also. This all just adds to the dismal and downright defeatist (sometimes) aura of economics by the entirety, not just macro – economics, but corporate finance and labor economics, etc., all together at the same time. Just like when Abby Joseph Cohen did not predict the dot – com bust, but predicted that stocks would greatly rise when same lost considerable value, a bad call essentially and really unforeseeable, you can study the market for years and still be incredibly incorrect in your assessments of it – not just the stock market, but any market, really, including the retail industry market upon which our economy has learned to become so independently dependent.
In economics, there is theory, and there is a “cut – and – try” school, empiricism essentially. One might note here the G – 20 these days is full of major, major, really important officials, each in command of a certain portion of important international (all) market power and who have varied goals. One part of the mission of the G – 20 is to bring these varied and sometimes opposing economic policies and missions under one roof for even a week and to have them cooperate or at least discuss making the world economic climate more livable and less of a market power – grab than might otherwise be. Some are completely opposed to the type of low – level re – learning this association is doing between its members, and much of that at the expense of Western countries whose capitalism dates several centuries to Dutch trading exchanges. The idea at the time, of capitalism and the possibilities it promised, all nearly un – limited and with different potentialities, is no less enthralling today and strict capitalism is as much against bureaucratic cartels as market or commercial, economic cartels. What, within the rules of the system then does this invite or provoke from the international actors who are having a go at it this week in FRG? Least of all, apparently, and this is a hunch, do any speak of “management” or “control” even of economic factors that make or break their fortunes. Not that people are too aloof to care, though things like economic approach, attitude, things besides actual execution of economic measures and what are actually current economic questions make for the marquis sessions and dialogue here. This is what makes things like the G – 20 so sanctimonious from the standpoint of economic theory, which they apparently are : This is in contrast to Jackson Hole and other meetings of a more informal type and that are not in all efforts prospective and speak to the thoughts of economic management and control – this might be what is wrong with the picture and with P.R.C. having this same approach to its own, very pluralistic and large, markets; the tone of “management” and so forth of economic factors. In the world of capitalism, a way to ruin or to turn an economy upside down is to apply economic management and public – sector controls to the system. This happened in the U.S. in the 1960’s with the “Great Society” theme that pervaded the public at the time and that resulted for various reasons in the “stagflation” and other wrongs that reified the U.S. economy later in the 1970’s, leading to the overall, and absolutely incorrect, accounting approach to public and government finances that has us counting the hill of beans many public capitols are today. This is perhaps the fault of the preponderance of and dissemination of the tricky and “smoke and mirrors” public finance ideas and practices of the soviets who given the circumstances would open their recipe book for people, a book that was padded, for example, with war booty, forced ethnic and societal migrations, open lies about how the soviet people were all being fed, and the like. So much so that people indeed were fooled and accounting schemes today and leading up to today, in government are just as rife as among the famous stock – company lies as anything. In many cases, and while the country accounts of a state such as U.K. contain very few errors, and none really intentionally wrong nor incorrect, the country accounts of places in the Near East, for instance, and others, border on complete fiction and are geared towards an un – extant, rosy picture of things.
The Chinese had their own “Great Society” [Da Tong] that used the same methods as those that worked in the U.S., etc., and that produced the cultural revolution in all its corruption, repression, economic disasters, even frequent violence individually and on mass scales. The Chinese are recovering from this and from their blackened and extremely violent and vengeful records as revolutionaries [“Maoists”] that is so scary to people and that has been a given since 1949. One might hope and pray that President Xi, in arriving early in Germany for his meeting, wants to soak up, though not by osmosis, but through methods having to do with quality and profound change for the better given their implementation in P.R.C. and elsewhere to good effect in the Far East. Among the issues P.R.C. has are automobile and technology innovation and manufacture, actually, and given these on a very high level in Germany right now, especially in the areas of flexible automobile manufacturing and advanced computing and plasma technology being realized by more Germans right now, it is entirely purposeful for the P.R.C. President to allow for this in his G – 20 visit. The innovation mentioned here has to do with product and process invention and innovation, yes, but with the immigration and other people questions Germany is responding to now, this all currently encompasses geo – spatial and policy issues at the same time – a really big set of topics to have at discussion for agenda, talking, attitudes and personalities and other official dialoguing subject matters.
G – 20 Mission Information (click here.)
Other G – 20 information.
Wiki : G – 20 background (click here.)