I took a break (for just a little bit) from obsessing over the catastrophe that is fraudclosuregate and was flipping around the television. I stumbled on a sobering program on CNBC called, “The China Question”. It’s one of those programs that is real long on facts, a bit dense and very troubling and very important to watch.
We all know that America’s jobs are gone and that many if not most of them have gone to China, but there is so much more. This is a sort of non partisian, just the facts kind of program, but it presents some very stark and very troubling data. As you may be aware, the United States Stock Market is doing very well, despite the fact that normal Americans are suffering. A good chunk of the profits that have led to the record Wall Street profits, comes from products sold in China….a few years back some portion of those products might have been manufactured here in the USA, but that has changed dramatically over the last several years. Now everything is made in China…especially the “American” products sold there. But that’s not the real disturbing part.
China has extracted huge concessions out of virtually every company that sells products in China…..in order to sell there, our companies were required to provide them with all of America’s intellectual property. Companies like Boeing, Ford, GM….anything that our scientists and engineers developed (and much of the technology that spurs our growth) was developed with the support of the American taxpayer…..and with all this technology being whored out to China….we’ve all lost the investment made in those developments. But that’s not the worst of it. The real problem is that now that all our technology has been given away, China is able to reverse engineer and they are making earth shattering advances in innovation…China is buckled in, they are bearing down and they are crushing us….and it’s only gonna get worse…..
Obama says, “We are not very good negotiators, we get taken to the cleaners by China.”
Click on the trailer below to see a disturbing lowlight…once again, great job by our leadership and another area where Wall Street and the corporate serpents have sold us all out.
When Dick Nixon went to China and opened the door to a communist country and let them import goods under most favored status, he sealed our doom. I don’t know how much he got for that job, but it wasn’t enough.
The Shanghai Communiqué he signed, signaled the end of manufacturing in the US. Within just a few years, companys that had opperated in this country since the begining of it, were going out of business.
Now instead of a better life & secure employment my country offers me protection from non existent terrorist.
I have read that since China has so much cash now, they are going to outbid anyone wanting to buy a home that goes to auction
American ignorance about China is the real issue here. So few people understand the Chinese, far too many Americans have been filled with the doctrinaire and irrelevant information which of all things makes for us the true source of our vulnerability.
China in many respects was the “America” long before we came onto the existence. Politicians tend to see the last 100 years of Chinese history and fail to see the 2000 years that came before. Since China has that long of a history.
American preeminence in the world really has been a very recent and short lived phenomena and we Americans have taken it for granted for far too long. Whereas our outlook is next quarter’s profits, the typical Chinese outlook is over the next 50 years at least for their leaders and they are not unwilling to sacrifice for their goals.
I see China exceeding the US in world wide power in the next 20-25 years and there is little chance that the US will be able to do anything at all to stop it. Not that America is somehow doomed, just that we are are no longer the single most powerful nation which has been able to push everyone around. We simply cannot make so many conditional demands on those who would otherwise support us. This is not an “American world” in spite of some of the propaganda we spout.