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China's Revenge

 
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Augusto
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PostPosted: Mon Mar 19, 2012 9:05 pm    Post subject: China's Revenge Reply with quote

China's Revenge!

Donald Trump has publicly expressed his opinion that "China is eating our lunch" in the US-China trade deficit. Mitt Romney has made similar statements. But even more telling was president Obama's statement that China was unfairly restricting the export of "rare earths," key ingredients for a wide array of cutting edge technologies.


Over the years, China has learned to compete with, and even beat, heavy weight Capitalists at their own game. China owns over 1.1 Trillion in US debt: a fact that increases Beijing's leverage in US affairs.

http://useconomy.about.com/od/fiscalpolicy/p/US_Debt.htm

While China is emerging as a potent world economy their pre-communist history is replete with abuses at the hands of the West. With that in mind, it might be worthwhile to invoke a historical review in the context of present developments.

Have we forgotten the Opium wars? I doubt China has. Opium was forced upon Imperial China by the British, not once, but twice. Given the gravity of that sordid view of western capitalism, is it any wonder that the Chinese gravitated towards Marxism. They apparently wanted nothing to do with the agents of capitalism who had forced opium on them and had demanded nominal compensation each time native advocates disrupted the trade.

Times have changed. Now the capitalist world and profit hungry corporate entities, eager for China’s vast cheap labor resources, are forgoing any jingoistic inclinations by exporting jobs to China for manufacturing needs; destroying the middle classes of their own countries in the process.

Britain, in particular, has ventured to send a delegation to China seeking to re-establish trade after a 200 year hiatus. But, in complete disregard for the pain they caused two centuries ago, the British delegates dared to wear the symbol of their colonial humiliation of China upon their lapels.

The Telegraph, a UK based paper reporting on a recent trade delegation to China, noted:

Quote:
David Cameron leads largest trade delegation to China in 200 years", hollered the headlines this week, with an almost subconscious allusion to the fact that two centuries of Anglo-Chinese trade includes the most demonic chapter in the history of the British Empire: the Opium Wars.
That particular imperial adventure is long forgotten in the UK, but the Chinese claim it as a national tragedy. As a result, the innocent Rememberance Poppy has now been caught in the historical crossfire.

To the shock of David Cameron and his colleagues, they were asked to remove the emblems before the PM's official welcome at Beijing’s Great Hall. To their credit, a host of officials and four other Cabinet ministers — George Osborne, Michael Gove, Chris Huhne and Vince Cable — all refused to take them off.
But the effects of the Opium Wars still cascade through time. Then, like now, China produced what Europe and the USA desperately wanted. Rather than iPods and Primark's latest autumn/winter range, it was tea, silk and porcelain.

http://blogs.telegraph.co.uk/news/juliankossoff/100063040/david-cameron-in-china-dont-mention-the-opium-wars/

To their credit a host of officials and four other Cabinet ministers refused to take them off?
They came to China wanting to re-establish trade while wearing poppy emblems. Hopefully, that insensitivity was rewarded with a swift kick in the arse and an armed escort out of China.


IN the final analysis, China holds the best cards. Cheap labor, ruled over and manipulated by a totalitarian communist regime has baited and hooked Capitalists all around the world. China is the fisherman casting a wide net, ensnaring a capitalist bounty and hauling the catch aboard his massive ship of state.
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Yuri
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PostPosted: Mon Mar 19, 2012 9:45 pm    Post subject: Reply with quote

The capitalists are forever extolling the virtues of the unfettered market. Well, it seems that China has successfully cornered the market for rare earths and can charge whatever the market will bear. Isn't that the hallmark of capitalism?

The western capitalists should not be whining; they ought to be genuflecting in admiration - even if grudgingly. They would do the same in a heartbeat. Hypocrites!
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Yuri
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PostPosted: Mon Mar 19, 2012 11:21 pm    Post subject: Reply with quote

One more observation:

As a non-Chinese person, I am greatly concerned about potential Chinese world-wide hegemony and muscle-flexing. That said.........

I have to admire how the Chinese long-term strategy as an emergent world power is starting to pay off........in silver dollars!

Except for a brief period during the height of the Cold War where there was some Chinese Maoist intervention in far-off places like Africa, the Chinese have assiduously avoided interfering in the internal affairs of foreign countries or landing invasion forces - unlike the members of NATO. To get access to foreign resources (EG in Africa) -- where other countries sent armies of soldiers -- the Chinese sent armies of construction crews to build schools, roads, and hospitals. In other words, while we were breeding resentment and insurgents, they have been cultivating good will. D'oh! This now affords them the high moral ground. They can effectively and without hypocrisy maintain that their own internal affairs are entirely ...... their own affair. This includes decisions on who gets access to their own national resources and on what terms.

Credit where credit is due.......
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Don Smith
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PostPosted: Tue Mar 20, 2012 8:57 am    Post subject: Reply with quote

For years I have been telling folks about Chinese foreign policy moves being based upon building railroads, mines, etc. Because it was not in the msm, I was regarded as a nut case,(first time), The recent offer by Cuba to send medical teams to the U.S. to assist after the hurricane, and to aid the really backwater places like Mississippi, were also not in the msm.
Cuba's main export these days is medical knowledge, they build basic hospitals and train nurses and doctors from the locals. Rotten Commies.
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greg
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PostPosted: Fri Mar 30, 2012 3:54 am    Post subject: Reply with quote

All the more reason for the people to continuing their protests.

http://www.bbc.co.uk/news/world-asia-china-17072365
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