20081024

Paulson, Sarkozy to Socialist Heaven : "show me the money !"

Europe hastily awarded some jailed Chinese dissident with some prestigious human rights prize before embarking on a plane for Beijing.

There, Jose Manuel Barroso, Nicolas Sarkozy et al went down on their knees and begged the Great Socialist Empire to let some of its wealthy reserves trickle down over the bankrupt Capitalist rest of the World.

From DC, Hank Paulson also asked the IIIrd Millenium's Hyperpower to consider some kind of a Marshall plan ("could you please bail out the US of A ? you know, we don't hate socialists that badly, after all - according to John McCain we're even about to elect one as our President").

In other words, capitalism defies socialist China : "Show me the money".

Wen Jiabao is all ears. And smiles*. "Yes, we can".

Yes, Wen can provide some kind of relief to his new admirers, but he has some fish to fry at home as well. Will he chose to secure China's business model and one fifth of the World's population, to help the richest fifth, or to give a hand to the forgotten rest ? Probably a little bit of each : China will durably strengthen its positions in Asia, Africa, Europe and America, but the trickiest part will be China itself (see "Pervasive China's CIA (Central Investment Agency)").

New series of models will emerge. Not this week-end. Nor November the 15th, when the World Egghead Forum takes place. Nor even during the couple of years to come. But timely (at a geologic time scale at least).

They will differ from XXth century socialism or capitalism (see "This is not a financial crisis"), and China is no exception.

* Actually, I'm wondering how badly Wen's jaws hurt - he was already jubilating during his interview with Zakaria a couple of weeks ago (GPS @ CNN / Newsweek). But not as much as I did, listening to Alan Greenspan swallow just a tiny little bit of his titanic pride.

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