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Yet, for the last 15 years the U.S. has divided itself in increasingly bitter time and energy-consuming political arguments: the morals of President Clinton, whether or not war should be waged to remove Saddam Hussein from power in Iraq, whether the country’s current problems are due to the depth of the economic hole dug during the last administration, or ineptness of the current administration in pulling the economy out of the hole.
One fact that sticks out in this story is how we embrace so called free trade and have gave China most favored nation status and what do we get in return :
Quote:
For instance, while U.S. Internet companies dominate global headlines, China now has the world’s largest internet market as measured by the number of users. Yet internet use has only penetrated 22 percent of the population versus 75 percent in the U.S. Meanwhile, U.S. Internet giants like Google, Yahoo, eBay, Amazon, Facebook and Expedia are experiencing problems trying to transport their dominance into the Chinese market. Part of it is obstacles placed in their way by China’s government, in support of China’s state-controlled corporations. The result is Chinese internet companies like Tencent, and Baidu, cannot help but become world leaders.
So while we think we have free trade China is practicing Isolationism and protecting their market and in return we do nothing to protect ours.Duncun Hunter during one of the {R} debates said that when China's cars come into the U S there is a 2.2% tariff,but when our cars enter China they our slapped with a 22% tariff. Is this the type of free trade that we want?
When Obama spoke on cash for clunkers he made it a point that he wanted to make the program for U S cars only but he could not do it because of the WTO and it would be against trade agreements.But a few months later Japan had cash for clunkers for Japan built cars only which was a smart move to protect their market.
You would figure the Obama administration would have been outraged instead we did not hear a peep. See we are true to our word on free trade but we let others practice protectionism and we are supposed to compete in a global economy. If this is what we get with free trade I am coming out of the closet and admitting I am a isolationist. The alternative is being walked on and liking it.
When you have a market with 1.3 billion people and combine massive government and foreign investment with a growing manufacturing, and service sector on top of some of the most massive infrastructure projects in world history you are bound to have a thriving economy.
Another advantage in terms of setting policy in China is its authoritian government. While the U.S. Congress sits around and bickers and obstructs and compromises on issues of national policy the Chinese political decision making policy much more straighforward. The Communist Party Leaders set the tone and the Politburo basically rubber stamps their decisions. It allows things to get done faster and with fewer compromises than the American political system.
When you have a market with 1.3 billion people and combine massive government and foreign investment with a growing manufacturing, and service sector on top of some of the most massive infrastructure projects in world history you are bound to have a thriving economy.
Another advantage in terms of setting policy in China is its authoritian government. While the U.S. Congress sits around and bickers and obstructs and compromises on issues of national policy the Chinese political decision making policy much more straighforward. The Communist Party Leaders set the tone and the Politburo basically rubber stamps their decisions. It allows things to get done faster and with fewer compromises than the American political system.
The advantages of authoritarian/dictatorial government. Something not lost in many non-Western countries around the world...
It is wining it becouse of its Mercintilist trading policy based on an heavily undevalued and manpulated currency wich has been pegged on a fixed and unflexible rate against the dollar artificialy boosting its exports and leading to an artificial current account surplus.
It also maintins strong capital restriction on capital that is transferd out or
in to the country so it has been sheilded from most of the global economic crisis.
So how will we go out, like wooly mammoths or with a bang like the d-no-soars.
Hopefully like the wooly mammoths. Worst scenario: being slaughtered/exterminated wholesale like the American Indians!
With the way American society is heading, I wouldn't dismiss the absurdity of this motion....
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