Posts

the "Final Solution" of Chinese Debt Problem: a Grand Sell-off of State-Owned Assets

In the recent years, business news outlets and analyses websites have been keen to present the rapidly increases Chinese debt pile as one of the biggest risks facing the global economy today.  The numbers are certainly scary.  The debt levels, less than 80% of the GDP less than a decade ago, recently surpassed 300% on official estimates.  The numbers would be much higher if grassroots level "shadow banking" of informal community loans are accounted for.  Given the size of the Chinese economy, the amount China owes as a collective is definitely not a small number.

Ethnicity-Based Immigration System as the First Step toward Open Borders

In the previous post, this blog argued that nationalism, in the form of openly supporting people from a particular nation at the expense of often negatively stereotyped foreigners can be a huge obstacle for true globalization where people can freely move, work, and live across national borders.  Unfortunately, the fact remains that most people (never mind state governments), educated in a context of patriotism, cannot simply become open to the idea of rendering nationality as irrelevant in order to achieve freedom of movement.  The concept of nation, and the state-level polity, associated with it, remains far too strong today to alter.

Blind Nationalism as a Mortal Enemy of Globalization

One of the staples of Hollywood blockbusters is disaster movies.  In these high-expense, high-action,-high-computer graphics films, disasters strike our planet, in the form of natural disaster, alien invasion, or unstoppable epidemics, leading to global humanitarian crises of scales unimaginable to modern human society.  In most of these films, Hollywood unequivocally uses US assets , whether it be the military, political leadership, or individual heroism, to defend the planet from the disaster, ultimately achieving victory for the world (and for America) after great sacrifices and prudent actions.

The Current Border Row Should be Downplayed for the Sake of Future Sino-Indian Relations

In previous posts, this blog has noted how mutual ignorance has continued to plague the relationship between China and India , the past and future superpowers of Asia (and the world), and how the ignorance ensure that bilateral relationships, especially at the grassroots level, remain highly underdeveloped and susceptible to mutual suspicions.  Unfortunately, the recent (re-)flaring up of the Doklam border issue has only further entrenched the mutual suspicions, threatening to take the relationship a step back and wipe out positive results from nascent efforts at cooperation through the BRICS framework.

Why Democratic Legitimacy is a Double-Edged Sword for Political Stability

Whether democracy is universally applicable is perhaps the political, ethical, and philosophical question of the past decades.  From the confidence of democracy as the logical "end of human history" in the immediate aftermath of Soviet collapse, to the failure of newly installed democratic structures to bring prosperity and peace to post-dictatorship Iraq and Afghanistan, democracy has only divided opinions in its implementation despite the fact that no credible alternative has emerged in the recent years to challenge its moral authority in the eyes of liberal internationalists.

Lack of Variety in Vocabulary as Lack of Language Proficiency

For those who know, I am a freelance translator who translates all sorts of different things in Japanese and Chinese into English.  However, I rarely translate in reverse, from English to the two Asian languages.  As someone educated almost entirely in English, I have much more confidence in writing in English than I am of Chinese or Japanese.  And in the past week, I again had to put that confidence up to the test, by first working on an assignment translating a research report in English into Chinese, followed by a school guide in Chinese into English.