The darkside of China Economic meteoric rise: Stories from Chinas Silicon valley
Just watched a video on the transformation of Shenzen from an agricutural district to new technology centre, touted as China's Silicon Valley. It looks impressive. The video is here However, I would like to raise a cautionary proposition though. China is an infant capitalist society, unbriddled one at that. It has just awoken from its socialist slumber. It is easy to paint rosy pictures when you have enough money. Elsewhere, the environmental, economic and social wreck caused by offshore Chinese money need to be understood before we rush into their 'friendly' embrace. Some people suggest China is the balancing power against US domination of world economy. Wrong, In fact the two can be allies against the world. For all the trade war and ict war we see between them, they both represent capitalism at their best and worst. Egalitarian society would have a hard time under either or both. The last 10 minutes of the documentary is interesting, particularly on the dark side