Ya start to feel that all the countries out there calling for world wide, all encompassing regulations to be thrown over the global financial system are seeking refuge, not from economic crisis, but from their own anemia - you get the feeling that they see this as their opportunity to redraw the margins as a means to rationalize away their own weaknesses vis a vis the US... that this is their chance to cut the US down to something more 'manageable' and allow for the emergence of their longed for world government.
China on the other hand seems to see this crisis not as an excuse that explains away their mediocrity but rather as a vehicle that delivers more decidedly to the fore the looming threat of their immanent power. Europe essentially is in retreat and would like to take America with it, but for China the time apparently is now and the game it seems is very much on.
