While many debt ridden countries are queuing up in Beijing for the dough, some corners of America are screaming that the Chinese economy is going to bust like the Japanese and the Americans. Would an economy that is going to collapse have the money to offer to the beggars in the queue?
For decades, the western countries, including Europe and the US, have been living in great and bountiful times. They were dining and wining in the best restaurants with the best steaks they could buy, on borrowed money and borrowed time. On the other side of the globe, the Chinese farmers and factory workers were working their guts out just to put food on the table and a roof over their heads. Anything extra, any leftovers, will be put into the kitty.
The Chinese were not rich, but they did not over spend. They saved every cent possible for the rainy day. The West was a different story. There was no rainy day. The rain will never come, only good times. They forgot that their good times are borrowed times on borrowed money. There will be no more colonies to feed their extravagant life styles.
The day of reckoning is here. Those who were prudent, thrifty and spent within their means would have lesser to worry than those who flaunted their wealth and consumed more than they could afford to. And while their sprawling straw houses are burning, they are wishing that the little mud houses will go down as well.
Of course some knew their houses are burning. They are being burnt and needed help. Some still don’t think so and wishing and willing others will be burnt down so that they can clap and say, I told you so.
Some will put the blame on the Chinese peasants for saving too much and spending too little. The financial crisis is the fault of the Chinese. And when the Americans went to the Chinese with hands stretching, the Chinese obliged to help stabilise the world financial crisis and saved the day for the Americans. The Europeans are following the Americans to Beijing, with hands outstretched. Some corners were slyly suggesting that the Chinese were doing it not for altruistic reasons. Some, like the great thinkers and journalists here will be asking the Chinese of their intent, as if the Chinese were harbouring some unspeakable sinister motive for giving out their money.
No, they would not question the altruism of the Western empires, of the Americans, when they handed out aids to the developing countries. No strings attached. And when they invaded countries and did regime changes, they were done with good motives, all altruistic.
The Chinese, uncouth, loud and rude, and a big bully, should better understand that whatever they do, the Western world will never see them in any good light. Not even from the elite here who are supposedly to know them better because of proximity and some similarity in culture and roots.
The bottom line is that the Singaporean Chinese would even despise the Chinese and would not trust anything they do. So it is only natural that the West will never trust or like the uncouth and uncivilised Chinese. My recommendation is that if they do, they will be damned, if they don’t, they too will be damned. It is best to keep their money at home to help themselves. Let the uncouth peasants eat better and live better. No need to pretend to be nice, to hand out their money to the countries in financial trouble.
With the rich Europeans in their luxurious limousines at the doorsteps of the poor farmers and factory workers asking for a little donation, from their kitties hidden under their wooden beds, should the Chinese shoo them away?