Civilization of China enlightened modern economics

Civilization of China enlightened modern economics

           Frank Li,   Mar 9, 2026

In 2011, Harvard professor Niall Ferguson published book Civilization: The West and the Rest, indicates that in 600 years ago, Western Europe, was a miserable poor place, ravaged by war and plague; which proved that the ant nests populated tribes have long been without proper rule.

The book indicates that during 16 century, Europeans learnt mathematics, astronomy, technology and creativity from China and developed six new concepts: competition, science, the rule of law, modern medicine, consumerism, and the work ethic as the "killer apps", and then West came to control the three-fifths of mankind and the four-fifths of world economy.

However, Professor Niall Ferguson argues that, the days of Western predominance are numbered because of that Europeans no longer work long hours, and Americans have almost given up saving completely. Today; the real workers and savers in the world are now the heirs of Confucius. Western civilization has lost its ability to solve the problems of the world.

Prof. Niall Ferguson indicates that the rule of the future world is a fusion of Chinese Asian culture and Western culture; but I would like to indicate that, the future world will rule by Chinese Asian culture.

Obviously, the West has never humnized and did nothing good for human.

Since 1400s, more and more European missionaries entered China form bloodily killing home yards and being shocked by the peaceful prosperous life of China; they eagerly translated and sent culture of China back Europe to have triggered great response and discussion; besides triggered Renaissance, Enlightenment; and French Revolution to push Europe ended the Dark Ages. The culture of China has also enlightened the development of modern economics.

Tao Te Ching (China, around 400BC) was mainly the summaries of historical experiences, discusses the principles of self-cultivation, governing a country, employing military force, and maintaining health in a philosophical sense, with politics as its main purpose. It has had a profound impact on thought, science, politics, literature, and art, etc., TCM was developed with its principles and terminology.

Tao Te Ching coined term wu wei; wu means none, and wei means ability, capability or the accomplishment from action; so that the term wu wei means that government must reduce the excessive harassment on the livelihood of people, for example, reduce excessive taxation, avoid arbitrary assignment of labor and so on; which was a government could do in the ancient backward agricultural economy. This was not as recklessly complicated as the West clamoring in today with various freedoms.

In 1700s, the term wu wei of Tao Te Ching inspired French Physiocrat Fran?ois Quesnay (1694–1774), who coined the economic idea Laissez-Faire according. Then the laissez-faire inspired British Adam Smith wrote economic bible the Wealth of Nations in 1776; in which he proposed the term of Invisible Hand, and then the Invisible Hand was advocated as inhuman lawless Neoliberalism that advocates cutting off all of the supervisions of Government. The manmade financial and economic disasters were derived from the Neoliberalism supported demons play of greedy people.

The fatal harm of laissez-faire in over freed market inspired British economist John Keynes considers for the solution, since 1919, he put forward macroeconomic ideas successively, 1926 published the End of Laissez-faire, and 1936 further detailedly put forward The General Theory of Employment, Interest and Money, since then all countries have regarded controlling currency issuance, adjusting interest rates in 2%, and actively Gov-investing to stimulate economic development as a essential means of regulating the national economy.

The Western civilization, built by Europeans through bloodily looting and killing, was extremely evil, everything used to make evil.

The humanized governing thoughts wu wei was being evil used to developed the lawless ideas; that individual is the basic unit in society with a natural right to be freedom; no one has right to interfere anyone in the enjoyment of freedom. 

By which fabricated evil ideas of liberty or freedom, free world; freedom of expression, freedom of religion, freedom of association, all kinds of freedom; but all of the freedoms are favors the bad one free play to harm human survival. 

Due to that too many people are antihuman quality without human nature.