“Alcatraz” leaves the field policies clear to China

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The writer is an exclusive editor in FT and writes the newsletter for the scheme

Sometimes the coincidence causes date.

Last week, the news won that democratic socialism that retreated from Zahran Mamdani’s self has won the democratic elections of the town in New York City, which is the capital of global financial affairs, and the Chairman of the Board of Directors of the Communist Party of Lei Qiang was in the midst of his title at the Davos Summer meeting of the World Economic Forum in Tianjin, China. The delegates shared their lack of certification, not what they were hearing from the platform, but from the other side of the world.

Although they avoided any mention of America, a letter of letter to me frams its text against the backdrop of global turmoil today and the memory of the financial crisis in 2008. When the summer Davos first gathered in Beijing’s call 17 years ago, the dramatic news from New York was shaking the world. Wall Street was dissolved. When the crisis was revealed, China suddenly played a new role as a global stability point.

In the aftermath of 2010, the world was irreversibly inclined to the east. Today, it is difficult to avoid impression that it tends to more China.

The contradiction between the turmoil in America Donald Trump and the mood of the calm progress that has been alerted Beijing It draws attention to both style and materials.

Both CCP and the American Political Corporation are usually talking in high terms about the fate of their countries. But while Li insisted quietly on the logic of history and the indomitable process of globalization, citing growth numbers to a decimal point and boycotting its flow to clarify the currency units in which he was referring to China’s standard exports, American policy In the case of delirium.

While Trump denounced Mamdani as a “100 % communist madness”, the guardians of sound logic in the center were better, as one of the democratic Pantandrums announced that the policy of freeing rent for a year on about one million organized apartments in New York was a little better than bombing.

One cannot help in asking how the residents of Tehran or Gaza, or Tel Abif, feel this, about this comparison. Meanwhile, a debate in Congress is being held on Trump’s signing a “big and beautiful bill” in more bathroom colors. For Stephen Miller, Trump’s followers and national advisor, the additional billions of ice are the issue of Western civilization.

As for China, it undoubtedly faces major economic challenges. The growth and youth unemployment slowed in dual numbers. In 2020-21, Beijing deliberately suspended the preparation and accumulation of private property in history, giving more credit to its most enlarged private developers. It is not surprising that the real estate recession that followed has produced permanent waste.

But the great thing is that, unlike Europe and the United States in 2008, this did not turn into a systematic crisis. If the annual growth rate in China stabilizes about 5 percent, it will be calculated as the most successful soft decline in the history of economic policy. If more motivation is needed, one expects the policy process to be done in Beijing, but leads to a clear result.

On the contrary, to indicate policy -making in Washington as a process, is indulging in the soothing. When the total economic consequences of the “Beautiful Great Buda” face, White House spokesman does not bother to interfere with the statistical registry or tampering with models. Their answers are a denying style: growth will rise and the deficit will decrease if Trump says that.

Likewise, when it comes to the global threat of the climate crisis, we are waiting to see in any direction the climate policy in China will go after that. There is some hope that emissions have reached their climax and that China and Europe will make “specific contributions at the national level” on time emissions to the United Nations General Assembly in September. At the same time, in America in Trump, that is, a reference to global warming Out of discussion Republicans are doing their best to stop the transmission of green energy in its paths.

The White House prefers to wander in any effective organization of artificial intelligence, so that more and more experiments confirm that the current large language models are not in line with acceptable political and social norms. The giants of the China platform plowing huge resources in artificial intelligence as well. Unpredictable results. But if there is any possibility that the development of artificial intelligence is a threat to the social and political system, then Beijing is considered acceptable, can anyone have stopped in their paths? This is what was modest in the lack of platform in 2020. What is a similar guarantee in the West?

The contrast is blatant. On the Chinese technocratic side, from top to the bottom of the administration to satisfy any center in the nineties. In the United States, politics is like reality TV after the truth.

Just recounting these beings can look like a caricature exercise. However, as I noticed, sometimes rhymes history in strange ways. And when its accent is noisy and competing, and the “Alcatraz” is transmitted to the immigration policy, we must be honest enough to face the facts.