Are we Westerners in any position to lecture the Chinese on how they should run their economy?

I don’t think so.

Its a hot topic given the fact that the Chinese economy has a healthy growth outlook.

Western Europe is deep in the doldrums, the UK is about to go into its third recession in five years or something.

It’s like we Westerners were all gung-ho to take advantage of globalisation when it suited us.

But now the tables have turned.

And power is shifting.

China gets criticised for not balancing the books when it comes to trade.

The countries leveling this charge against the Chinese should be looking at the opportunities to export to China.

That’s the only solution to a trade deficit. They have to make their economy and its output attractive to what will soon by the biggest economy in the world.

There’s also the constant back stabbing about China’s human rights policies.

As if the West has that sorted.

Western systems have concentrated wealth into the hands of the 1 per cent during the last 50 years while the Chinese lifted 600million people out of poverty.

The powers that be in the UK and other Westerns economies should be providing creative solutions that will drive economic growth over the long term.

Not pointing the finger at China and being all holier than thou.

I’m ashamed by the hypocrisy of the West.  Short termism and diversionary tactics will get us nowhere.

This BBC podcast (The Forum) provides an excellent example of the sort of sermons that Western experts are pumping out without providing anything constructive on the home front.

Tags: china, economics, gfc, hypocrisy, Politics