1/11

An article worth thinking about: “As changes to the world structure accelerate, China’s rule is in sharp contrast with the turmoil in the West,” says Beijing.

I agree, but I draw a different conclusion. The world is certainly currently

2/11

through "a period of turbulent change", in Beijing’s words, and great structural adjustments, but usually when that happens, what matters in the long run is not how stable a system seems but rather how successfully political, economic and social institutions adjust to...
3/11

the new conditions. In the past these adjustments have almost always been messy, chaotic, and disheartening to most, but ultimately they were necessary even if we were unable to judge them so at the time.

I would argue that the world today is undergoing both a reversal...
4/11

and rejection of the current model of globalization and an urgent need for most countries in the world, including China, to initiate a major rebalancing of the way income and wealth (and ultimately political power) is distributed, but there are few if any historical...
5/11

precedents in which this level of restructuring and rebalancing have been neat or orderly.

Beijing's response, which is to do whatever it takes to maintain stability, may look good in the short term, as this strategy always does, but if it prevents the necessary...
6/11

rebalancing (as it has for well over a decade), in the future the Chinese may judge their response much less favorably. We went through similarly turbulent periods in the 1920s and 1930s, and then again in the 1960s and 1970s, and in both cases it seemed that the older...
7/11

democracies of the West were failing the test, unlike the stability-obsessed autocracies. Mussolini in the 1920s and early 1930s, remember, was considered even by many prominent American and English politicians to be one of the world’s few great leaders, mainly because...
8/11

he managed to "stabilize" Italy, even as the older American and European democracies were in turmoil. Forty years later the USSR seemed an oasis of purpose and stability when once again Western Europe and the US seemed on the edge of collapse.
9/11

In both cases we were wrong. My point isn’t that Beijing's response is necessarily the wrong one, and ours necessarily the right one. It is only that when we are in the midst of a period of turbulent change, it isn’t always obvious who is adjusting to new conditions and...
10/11

who isn’t, and it certainly isn’t necessarily the case that countries undergoing the least messy institutional changes are the ones adapting best. History suggests almost the opposite – that countries adjust mainly in the midst of turmoil – but either way we will only...
11/11

know many years from now. It will depend mainly on how the different systems react to the real problems that nearly every country faces today, whether, for example, the US, China or Europe respond forcefully to the current turmoil by aggressively rebalancing income.

More from Michael Pettis

More from Government

They shouldn't be.

The pattern is:
GOP in power - GOP dictates policy

Dems in power - GOP dictates policy


The Dems shouldn't legislate toward the GOP.

The GOP doesn't represent its constituents.

The GOP can push it's agenda on its own time.

If Dems push an agenda that actually helps people, it'll also actually help the GOP constituency.

The GOP won't. So give them nothing.

The Dems should ignore the GOP just like the GOP ignores the Dems.

Make them pay for every moment of obstruction.

Just a hard press on legislation that is unassailable and shine a light on the GOP.

Constant. Relentless. Unyielding.

Shut them out and shut them down.

The GOP is not a legitimate political party. It is an anti-democratic, fascist criminal syndicate with no interest whatsoever in governance.

Nobody should give them the slightest bit of credit or legitimacy ever again.

Not a fucking ounce.

Nobody should engage them in legitimate debate in Congress.

They should be pariahs and treated as unserious occupants of Congress.

Because these people were totally ok with their colleagues being killed in furtherance of the destruction of the insitution.

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🌺कैसे बने गरुड़ भगवान विष्णु के वाहन और क्यों दो भागों में फटी होती है नागों की जिह्वा🌺

महर्षि कश्यप की तेरह पत्नियां थीं।लेकिन विनता व कद्रु नामक अपनी दो पत्नियों से उन्हे विशेष लगाव था।एक दिन महर्षि आनन्दभाव में बैठे थे कि तभी वे दोनों उनके समीप आकर उनके पैर दबाने लगी।


प्रसन्न होकर महर्षि कश्यप बोले,"मुझे तुम दोनों से विशेष लगाव है, इसलिए यदि तुम्हारी कोई विशेष इच्छा हो तो मुझे बताओ। मैं उसे अवश्य पूरा करूंगा ।"

कद्रू बोली,"स्वामी! मेरी इच्छा है कि मैं हज़ार पुत्रों की मां बनूंगी।"
विनता बोली,"स्वामी! मुझे केवल एक पुत्र की मां बनना है जो इतना बलवान हो की कद्रू के हज़ार पुत्रों पर भारी पड़े।"
महर्षि बोले,"शीघ्र ही मैं यज्ञ करूंगा और यज्ञ के उपरांत तुम दोनो की इच्छाएं अवश्य पूर्ण होंगी"।


महर्षि ने यज्ञ किया,विनता व कद्रू को आशीर्वाद देकर तपस्या करने चले गए। कुछ काल पश्चात कद्रू ने हज़ार अंडों से काले सर्पों को जन्म दिया व विनता ने एक अंडे से तेजस्वी बालक को जन्म दिया जिसका नाम गरूड़ रखा।जैसे जैसे समय बीता गरुड़ बलवान होता गया और कद्रू के पुत्रों पर भारी पड़ने लगा


परिणामस्वरूप दिन प्रतिदिन कद्रू व विनता के सम्बंधों में कटुता बढ़ती गयी।एकदिन जब दोनो भ्रमण कर रहीं थी तब कद्रू ने दूर खड़े सफेद घोड़े को देख कर कहा,"बता सकती हो विनता!दूर खड़ा वो घोड़ा किस रंग का है?"
विनता बोली,"सफेद रंग का"।
तो कद्रू बोली,"शर्त लगाती हो? इसकी पूँछ तो काली है"।