Paul Kelly hands Australia to the Communist Party of China

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Good grief. Stop the kow towing, Paul:

The past is a foreign country replete with false trails for the future. The two worst false trails for Australia in dealing with China are that the world is seeing a new Cold War, and that the emerging China threat will finish in a 20th-century style “victory and defeat” scenario.

China is not the Soviet Union. It is not Hitler’s Germany. Such comparisons are useful not for their similarities but for their differences. China is a more formidable rival for America than was the Soviet Union but it is less dangerous, a paradox offering hope but filled with challenge.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.