There are many ways of measuring the advance of the Chinese economy in comparison with that of the United States. But one of them is this: in 2019, for the first time, the number of Chinese companies on the Forbes Global 500 list exceeded the number of U.S. firms.
When the rulers of China decided to turn their country into an international economic powerhouse, there was a widespread assumption that the adoption of capitalism by the world’s largest country would inevitably result in a transition from Communism to democracy.
That hasn’t happened. China has gotten rich – and a few million managerial-class Chinese people have gotten rich, too – by exporting cheaply made goods to the West and by using sky-high tariffs to keep out Western products. But at the same time it has remained resolutely totalitarian, and its blue-collar workers – you know, those proletarians whose welfare is theoretically at the heart of the entire Marxist project – continue to be drastically underpaid in comparison to their Western counterparts, which of course is why China can sell its manufactured goods so cheap.
In any event, the fact that a Communist country, for the first time in history, either has the planet’s largest economy or is close to it, should be a cause for deep concern throughout the free world.
It isn’t. Not yet. Not really. President Trump, who has tried to rein in the Chinese dynamo by raising U.S. tariffs on Chinese imports – although those tariffs are almost nothing compared to the Chinese tariffs on U.S. goods – has been accused of waging a trade war. In fact he’s simply making a modest effort to come somewhere near evening out what has for all too long been a very uneven situation.
Anyway, China has thrived. Which would not be a bad thing if not for the fact that, as Bill Gertz of the Washington Free Beacon putitin a September appearance on The Mark Levin Show, Chinese President Xi Jinping has turned his country into a “communist nightmare.”
Gertz, who has written a new book entitled Deceiving the Sky: Inside Communist China’s Drive for Global Supremacy, told Levin that Xi “has his eyes set on global hegemony, he wants China to be the dominant superpower in the world, and in order to do that, he has to diminish the power of the United States.”
Some Americans in positions of authority recognize that. Most do not. Too many of them are distracted by thoughts of Vladimir Putin’s Russia, where the vodka-addled population is taking a nosedive and the economy is no bigger than that of Texas.
On the Levin program, Gertz praised Trump for taking on China – not only by fighting for fair trade but by “cracking down on China” when it comes to “law enforcement, intelligence gathering, and spying.” Gertz didn’t claim to have a crystal ball, but he contended that just as the USSR collapsed, so might China: “with a little bit of pressure” of the sort being exerted by Trump, “the whole thing could come crumbling down in Beijing.” Which would be a magnificent development for the oppressed, brutalized, and painfully unfree people of China, and would also make the whole free world breathe a good deal more easily.