It is a momentous event, the consequences of which cannot yet be fully fathomed. Extrapolating Russian history, it would be reasonable to expect a backlash in the form of a counterrevolution. A communist counter-revolution being unlikely - we can expect a fascist-criminal counter-revolution. But it is as safe to assume that the revolution is irreversible, setbacks aside. It is irreversible because for the first time it generated vested interests not only for a select elite - but also for everyone. Prosperity tends to trickle down and, as it does (forming a middle class in its wake) - it knows no boundaries of class. The real revolution has just been completed in Russia, 70 years after Lenin's death. And all classes are about to win. The Second Cold War The outlines of the second cold war have emerged. It is to be fought between a prosperous, almighty, vainglorious, narcissistic, self-righteous, contemptuous and increasingly disintegrating USA and an equally disintegrating China on the economic ascendant. The second cold war (already in progress) is fought not between foes - but between partners. The extent of economic interests common to the two current combatants far exceeds anything achieved in the high moments of detente between the USA and its previous rival, Russia. This cold war is about markets and cultural dominance - not sheer, projected, military prowess. It is a throwback to earlier days of colonialism and mercantilism and it is laden with historical memories and sensitivities. The aims are different, as well. China wishes to force the USA to throw open the gates of the global marketplace, currently zealously guarded by the only superpower. The IMF, the World Bank, the WTO are all believed to be extensions of the American economic clout, put to the use of its geopolitical interests. Russia forced its way into the G8 but China has much loftier ambitions. It is not in pursuit of membership in gentlemen's clubs - it aspires to real, raw power. It wants to carve the world between itself and the West. In short, it wants to dominate and to export and it wants the West to help it do so. In return, it promises regional and internal stability and access to its markets. To convince the West of the quality of its wares, China demonstrates its capacity to destabilize in various corners of the world. It transfers weapons technology, support international terrorism and rogue states and, in general, places formidable obstacles in the path to Pax Americana, the New World Order. The Americans regard this as a reasonable deal but they wish to reverse the cause and the effect. First, they want to gain unhindered access to the potentially infinite Chinese market and to have the Chinese deliver the regional and international stability they claim to be able to deliver. Only then are they willing to contemplate the coveted prize of graduating to the co-ownership of the world financial and economic architecture.