A Brief Non-Explainer on Why China’s Infrastructure Projects grow while the US Crumbles

by James Porteous

A highway interchange in Yanan, China. (David Leo Veksler / CC BY-SA 2.0)

A response to Why China Is Running Circles Around America at Truthdig.com

Have you ever noticed that it is almost as though America cannot exist without the “us vs. them’ mantra?
Every step forward, by anyone, anywhere, is deemed to be a step back for America. Every innovation, a threat.
In the piece linked above we are led to believe that we are going to read an article that compares China’s real $1 trillion infrastructure projects to the CEO of America’s largely fabricated programs of kickbacks, tax-rebates and general money-making time-wasters.
But before there is even any vague hope of that happening we have to wade through an endless discussion about China’s ‘secret’ funding sources and their “innovative form of quantitative easing.”
Oh dear. It is not fair, you see. They are not playing by the same rules, you see.
So, dear reader, in order to save you time and effort here is the main conclusion of this item:
If China succeeds in rebuilding their country and the US fails, it will be China’s fault because it is not fair, you see. They do not play by the same rules.
And what of China’s infrastructure projects? Well, we are told that it “is a massive undertaking involving highways, pipelines, transmission lines, ports, power stations, fiber optics and railroads connecting China to Central Asia, Europe and Africa.”
Wow! That sounds mighty impressive. Please, tell me more!
Sorry, we are out of time. We’ve told you about their banks and their ‘helicopter money’ and now you know that they do not play by the rules and that is the main reason why ‘China’s ‘infrastructure grows as the US crumbles.’
So for now the US has no choice but to put all this confounding infrastructure chatter on the back-burner.
We need to sort out the rules before we tackle anything so big.
We’ve got to sort out the rules right now so that later on we can name the winner or the loser. That is how the game is played. You have to play by the rules, you see.
And the infrastructure?
Gosh, that is going to be a tough one, isn’t it. All that money. All those debates. All that… commitment!
No, we will have to talk about how we are going to talk about that. This is such an important issue. We have to make sure we nail this one. Nail it good.
Or as Senate majority leader Mitch McConnell said when asked about pushing ahead with banking legislation instead of moving to pass gun legislation after the Valentine’s Day shooting .
“We’d love to do that at some point,” McConnell told reporters. “I’m hoping there’s a way forward.”
Yeah, so are we, Mitch. So are we.


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Julio Bigtime
Reader
Julio Bigtime

Off-Guardian is perhaps sleep deprived. This cute little piece completely misses the point of Ellen Brown’s excellent article. “A Brief Non-Explainer” would have sufficed as Porteous’s title.
Porteous apparently: did not read Ellen Brown’s piece; read it but did not understand it; or is a paid Fed goon — trolling and ‘hit-piecing’ for Bwankers.
He should send Ellen Brown a bouquet of ‘contrition’ flowers.
“The guiding principle of ruling elites was, and still is: when change threatens to rule, then rules are changed.” — Michael Parenti

Porkemon
Reader
Porkemon

Neither Truthdig nor OG are able to state the overarching reason for why China is “running circles around America”: China overthrew capitalism in 1949! Yes, China’s Stalinist bureaucracy imposes “market socialism,” which leaves a lot of Chinese people in poverty, but its collectivized, planned economy is still able to achieve many things that are impossible in a country like the US, which is ruled by the anarchy of the markets. The US cannot build 12,000 miles of high-speed rail, as China just did in only a decade, because doing so would not enrich one individual capitalist fat cat. In fact,… Read more »

midafo
Reader

After reading all in this article, somehow it seems obvious that Porteous’ article is a double take, by which I do not mean mockery. Mockery is a brutal and destructive activity. Poerteous’ article is like light, cleansing detergent foam, a pollutant as we know. Whatever. Purposeful or otherwise, the article means get over it quickly ‘America’!, the ‘Leader of the West’. You have made a f*$#ing mess of life a#$@hole! Go away! Go home and do the massively overdue housework you sweet and silly, pretty little fool! Ellen Brown means the same thing but is far, far, far too polite.… Read more »

rilme
Reader
rilme

Pukka, actually.

Tim Leniston
Reader
Tim Leniston

I too was puzzled by the critical-sounding response to Ellen’s enlightening article. Nowhere in it did I perceive a tone of criticism that China’s form of public infrastructure funding was wrong because it doesn’t fit the rules Western governments currently impose on themselves. Certainly our financial elites would make those criticisms if they were forced to face an informed public. But Ellen does not make them here. She seems to be saying that we might learn a thing or two from China (as we could from FDR’s New Deal) where finance is made to work for the perceived public good… Read more »

Big B
Reader
Big B

@Tim: I’m looking forward to reading Nomi Prins’ Collu$ion: about how the G7 central banks colluded to financially engineer their way out of the GFC of ’07-’09 by “becoming the markets”. I obviously haven’t read the detail yet (release date: May 1st): but I know from the promotional interviews she gave (Greg Hunter; Keiser Report) that the PBOC and the Russian Central Bank were against the QE + ZIRP policy from the start – fearing it would blow asset bubbles (which it did). They were intent on using their capital creation as productive finance capital: as opposed to the unproductive… Read more »

twigger
Reader
twigger

The linked article is an interesting read that makes much sense.
The rambling nonsense ATL……………..not so much.
Did OG publish the wrong article?

BigB
Reader

I’m with Ouse4msm: I would recommend disregarding this pointless article in favour of the vastly superior Ellen Brown article. I’m not sure why she is being inadvertently trashed in support of the “rules based international order” (where the G7 central banks make the rules – and the US Imperium enforces them). This is THE fundament of imperialism and the discredited “Washington Consensus”. Are we to support Porteus’ rant in favour of financial terrorism, casino economy and full dominance perpetual war: or the productive alternative Ellen proposes?

BigB
Reader

Missed the “o” from Porteous, never mind.

0use4msm
Reader
0use4msm

I’m sorry, but Porteous’ muddled response seems to be projecting his own attitude of “Infrastructure? Rad ! Finance? Boooorinnnng !” onto Ellen Brown’s original article. Instead of whinging about how things are not fair that China and the US have to play by different financing rules, as Porteous falsely claims, Brown actually suggests that the US adopt some of China’s approaches to infrastructue financing: “Rather than regarding China as a national security threat and putting our resources into rebuilding our military defenses, we might get further ahead by studying its successful economic policies and adapting them to rebuild our own… Read more »

writerroddis
Reader
writerroddis

I agree Ouse4msm. Porteous’ sneering response to Ellen Brown shows he either doesn’t understand her or for reasons unfathomable wilfully misrepresents what she is saying. The most useful words in his entire article are the seven comprising the URL at the top – Why China Is Running Circles Around America. Brown’s article may be naive in places … “Rather than regarding China as a national security threat and putting our resources into rebuilding our military defenses, we might get further ahead by studying its successful economic policies and adapting them to rebuild our own crumbling roads and bridges before it… Read more »

jag37777
Reader

The USA doesn’t need an infrastructure bank to pay for anything. The Congress can create all the money it wishes to spend.
It just doesn’t want to spend on the things that the people want or need.

BigB
Reader

That’s what Ellen Brown says in the vastly superior linked article.

jag37777
Reader

Sorry, but she doesn’t. She keeps banging on about state owned banks, not direct fiscal outlays.

David C. Lee (@worldblee)
Reader

The rules are that when banks and billionaires need to be bailed out, or any weapons system or “foreign intervention” needs to be funded, endless supplies of money can be created instantly without question.
But if money is needed for schools, health care, food programs, mental health programs, or desperately needed civil infrastructure the answers is, “We can’t afford THAT! We have limited means!”

Fair dinkum
Reader
Fair dinkum

The US has only ONE rule.
Wealth MUST be $$$$$$$$$$$$$$$$$$$ucked UP.