Is the Worlds Future Resource Map Tilting East?
China’s global shopping spree reveals how the world’s balance of power is shifting from West to East. Should we worry? Or should we adopt economic justice? This 2010 article was on TruthOut April 1; they got it from TomDispatch. The writer is at Hampshire College and the author of Rising Powers, Shrinking Planet. A documentary version of his previous book, Blood and Oil, is available from the Media Education Foundation. by Michael T. Klare When it comes to procuring the resources that make industrial societies run, China is now the shopaholic of planet Earth, while the United States is staying at home. Hard-hit by the global recession, the United States has experienced a marked decline in the consumption of oil and other key industrial materials. Not so China. The Chinese are experiencing a sharp increase in the use of oil and other commodities. Giant Chinese energy and manufacturing firms — many of them state-owned — have acquired oil fields, natural gas reserves, mines, pipelines,
