Beijing Consensus replacing Washington Consensus?

That’s rather grand and rapid.

Thomas Friedman reports from Davos, Switzerland that

As a political barometer, the Davos World Economic Forum usually offers up some revealing indicators of the global mood, and this year is no exception. I heard of a phrase being bandied about here by non-Americans — about the United States — that I can honestly say I’ve never heard before: “political instability.”

“Political instability” was a phrase normally reserved for countries like Russia or Iran or Honduras. But now, an American businessman here remarked to me, “people ask me about ‘political instability’ in the U.S. We’ve become unpredictable to the world.”

‘Beijing Consensus’ is another phrase that no one has heard before.

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