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Everyone fears China, even Putin

The current world political and economic situation is a result of behind-the-scene clashes of biggest countries struggling for global control

Capitalism is transforming into postcapitalism: economic model based on partnership driven by information technologies, reports The Maker in the review of Paul Mason’s new book. The author says the world is entering new era of postcapitalism based on information technology, new ways of working and the sharing economy. But long before capitalism is gone, if ever, the world will have to deal with other problems of the second decade of the XXI century: the rise of Islamic fundamentalism presented by ISIS, China’s expansion, a new threat of Russia, destabilizing Eastern Europe, the cracks in the Western ideals caused by the Greece debts and the financial crisis in the US in 2008.

Despite the signing of a third aid deal for Greece, no one believes it will help to overcome the basic structural economic problems of the Eurozone. There were also voices claiming that China falsified data of its economic. It evoked fears that Chinese economic decline would cause global consequences.  While Chinese economy growth has slowed from 10% to 7%, according to official figures, there has been a very important external event. China has emerged from self isolation and began to seek the friendship of the world, using the soft power – money.

Recently emerged an alarming opinion, that China wants to take over the world, to provide jobs for hundreds of millions of Chinese. Nothing new or original, but if you put it in the right geopolitical context, it will be more important than the expansion of Japan to the West in the 1980s.

Most likely China will do anything to create a positive picture for the world and to get into new markets. This expansion threatens the countries competing with Chinese exports, such as Japan, and leading world countries as the US.

But China feels threats too. As a result there is unfolding struggle between two blocks. One block is formed by the US, India and Japan, and a few smaller countries. The second block – is China. Russia is likely to be the third party in this conflict.

Russia is in an undesirable position too. President Vladimir Putin makes threatening statements toward the West and the US, but in fact he fears that China will move westward Russian borders from the east. It does not give Ukraine and the Baltic republics any reasons for optimism.

Currently Spain and Greece would probably welcome Chinese intervention, because of the heavy situation in Europe. The joke that Greece will seek help from Russia was funny at first. But real concerns behind the scenes were about China. Greece may ask China for help to pay off to Germany and create China’s industrial base in Europe.

For Germany the main issue is not Greece with its small economy but France. If Germany and France have created the Eurozone, they should share the losses. As the biggest economy of the Eurozone, Germany would suffer the most if the European Union falls apart. Perhaps the Greek crisis is the price Europe pays to the right solution.

It should be recalled that Russian journalist Sergei Dorenko said that the fall of Russia would happen due to the lease of the territory of Transbaikal to China.