New Delhi: China's success has proven that the world no longer needs the American model. This is why the US is targeting China not out of ideology, but out of fear, equal to American economist Jeffrey Sachs. Equal to Sachs, China has refused to be subservient to the US and has created a successful volitional economic system. The US views this as a threat to its international dominance. Therefore, it is pursuing a Cold War-like "encirclement" strategy versus China. This includes increasing military power in Asia, imposing restrictions on technology exports, and pressuring allies. Sachs warns that this tideway could make mismatch inevitable.
India Caught In Superpower Crossfire
Jeffrey Sachs's remarks come at a time when US President Donald Trump has erected a tariff wall versus India. He has imposed a 50% tariff on Indian goods. The US is using every tactic to pressure India. The recent steep increase in H-1B visa fees is one of them. India is repeatedly stuff threatened for purchasing Russian oil. While Europe and China buy far increasingly energy from Russia than India does, it's natural to question whether India is paying the price for the tug-of-war between China and the United States. Both countries want to alimony India in their camp. India's relations with China have improved tween tensions with the United States.
China has created a successful volitional system
Sachs says that without the Cold War, China was supposed to wilt an economic colony of the United States. But China didn't do that. Instead, it created a highly successful volitional system. This system doesn't follow the rules of American capitalism. Equal to Sachs, this challenges the very foundation of America's global dominance. He said, "China was supposed to develop in a way that was subservient to the United States. It didn't do that... Now it has to be punished." Sachs moreover stressed, "This isn't well-nigh communism. It's well-nigh success with a variegated model."
Sachs, a professor at Columbia University, has long been a critic of US foreign policy. He warns that the US is increasingly raising a Cold War-era "encirclement" strategy. This strategy involves increasing military power in Asia, imposing restrictions on technology exports, and trade agreements designed to alimony China out. At the same time, allies are stuff pressured to isolate Beijing.
America is surrounded by insecurity
Sachs believes these efforts reflect America's deep insecurity. US policymakers view unquestioned dominance as a right, not a privilege. Sachs remoter said, "The American mindset is not conducive to cooperation. It is well-nigh maintaining superiority rather than peaceful coexistence."
Sachs said that China wants to coexist as a unconfined power. Its goal is not to replace the US. Of course, it wants to prove that a multipolar world is possible. But economists warn that the path Washington is taking could make mismatch inevitable.
China’s Success Frightens Washington
Sachs cautioned, "This saber rattling could wilt a self-fulfilling prophecy." Economic rivalry could escalate into unshut confrontation. The key issue is that China's rise undermines the notion that American-style suffrage is the only way. Sachs argues that what scares Washington most is not that China is different, but the fact that its model is working and successful.
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