A Frothy China

Is it possible for a nation to rapidly modernize, joining the fully developed first world in just one generation?

The answer to that is clearly, “Yes,” but it comes with a lot of conditions and warnings. China, in its drive to be a great power and assume its rightful place in the world almost immediately, is paying attention to none of them.

That’s a harsh assessment, and it’s not quite correct. But there are far, far too many issues with the rapid rise of China that are not being dealt with appropriately. More importantly, given one quarter of the planet’s population, how this proceeds is going to affect everyone, everywhere.

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