On America's Neo-imperial Economic And Financial Statecraft

This paper summarizes the diplomatic strategies which the Obama Administration adopted against China on currency and trade issues, and the appreciation pressure imposed on renminbi by America's government, congress, mass media and academic cycle within the last three years, before evaluating the political and economical background both home and abroad, as well as the short-term profit expectation and practice of Obama's currency war on China. Afterwards, this paper examines the flank battlefield and natural extension of the currency war, including the war on trade which emphasized by Sino-American tyre dissension, the war on industrial costs such as minerals and food, and the war on climate represented by the carbon tariff. These are all precisely directed policies against China on hot issues such as trade, energy, cost, and climate.With the exploration of the relations and interactions of the policies above, of the micro-effect of diplomatic, constitutional and financial policy instruments, and with the insight into the hidden long-term tactical targets, this paper concludes that Mr. Obama's pressure on renminbi is in fact a strategy to heal the wounded unbalanced American macro-economy by pouring the crisis of unemployment, recession and inflation towards China as well as the globe, before containing China which is rising enormously as the emerging contender and challenger of America's hegemony. Moreover, with the collaboration from Wall Street and transnational commercial giants, America will be able to utilize neo-industrial issues such as GMO and climate to obtain and maintain monopoly status in all such economical areas in the near future. This can be described as an omnidirectional strategy of economical and financial blackmail, extortion and command.Yet the paper continues to extend. Theoretically this paper makes an abstraction of Obama's ideas and practice above as a part of what is called the economic statecraft and financial statecraft, and finds that these seemingly dispersed policies are actually various approaches leads to the same whole America's macro national interest and statecraft. The currency is essentially a concept of the political category and the result of power balance.Afterwards, with analysis of the characteristics and relations in between the actors participated in America's diplomatic policies, and discussions about the divarication and coordination of the actors, this paper concludes that the essence of the American economy and financial statecraft is the colonization of the globe by monopoly Capitalism countries. This is a contemporary version of what Vladmir Lenin has described the highest stage of capitalism.On China's countermeasure, with the experience from success and failures of other countries under America's financial attack in the past decade, this paper suggests that, given that China'unhealthy economic and social institutions, relatively lower level of capital management and industrial operation, and structural deficit exists in economy forms, the nation is hence more vulnerable and fragile when facing economic and financial assaults. Therefore, only domestic coordination, harmony and stability, only the fulfillment of fairness and justice in macro allocation of resources and opportunities, the application of endogenous economic growth could prevent China from falling into the same river that some Asian countries suffered, and thus lead to successful survival of China in current international system controlled by monopoly powers.