![]() whether you like it or not the global market is the big ocean you cannot escape from," Xi said.An armada is a large fleet of ships, and the size of a navy armada can vary depending on the country. But we have learned how to swim in this process. We have had our fair share of choking in the water and we have encountered choppy waves. So what China did was to take a brave step forward and embrace the market. "If one is always afraid of the sea he will get drowned in the ocean sooner or later. At the same time as Deaton and I discussed the fate of the Treasure Fleet, Chinese president Xi Jinping went on stage at Davos to castigate Trump and the US for being scared of international trade. The West, meanwhile, wants to put up new barriers. OK, so tracing a direct link from the Treasure Fleet of the 1400s to Trump and Brexit might be a stretch.īut it's more than a little ironic that 500 years after Zhenge He set sail, the Chinese empire is now begging the West to keep trade routes open. These people are being rewarded for hurting us." ![]() I think that's the truth of where inequality is really hurting us. ![]() "The bank bailout gave hundreds of billions of public money to people who were already probably the richest people the planet has ever seen, right? Now it doesn't make you 'deplorable' if you resent that.
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