Posted on 08/17/2003 9:52:56 PM PDT by hedgetrimmer
Han Deqiang,
Economics and Management School,
Beijing University of Aeronautics and Astronautics
Mr. President, ladies and gentlemen,
....Almost all Chinese media told readers that the accession to WTO will do favor to consumers, and therefore to common people. They described that we could buy cheaper cars, oranges, perfumes, even wheat, in high quality, so it's a good opportunity for us to wait until the door of custom house be removed. Yes, I argued, we could buy cheaper imported goods with high quality, and it's not only an opportunity for us, but also for every Yuan in our wallet, but when we all agree the imported goods are cheaper and better than domestic produced goods, then we must admit that Chinese producers are weaker than their foreign counterparts, and will be defeated by foreigners. If Chinese producers are defeated and go bankrupt numerously, workers employed by those producers will lose their work, lawyers, accountants, comptrollers, ad-solicitors, and transporters won't find their clients, banks will face soaring bad loans, and the government will find difficult to collect taxes, hence those who are paid by the government will be told to stay home. What we must remember is that every one is a consumer without question, but every one is a producer also without question. Before we spend money as a consumer, we must earn money as a producer. One's fate is more decided by his role as a producer not a consumer, so does the fate of a state. When one loses his work and walks before windows full of cheap goods, when a country has no domestic industry and all shops are full of imported goods, be will learn which role is more important. During the great depression in the America, the index of consume price fell about 50%, of which agriculture product fell more than 60%, as a consumer one would feel more easy, but as a producer he would feel far more difficult. Thousand of hundred of company was closed, unemployed rate recorded by official soared to 25%, millions of people were walking along the street and waiting for a lunch.
(Excerpt) Read more at multiworld.org ...
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"The CEO of General Motors arrived shanghai to attend the yearly forum held by Fortune last year, and he was late for one day. When he step out of plane, he hold warmly the hands of the president of trade union in GE's shanghai branch, and sent thanks to workers in shanghai for their support to defeat the workers in Detroit"
"Why free trade becomes free war? The secret lies in the motivation of division and trade. Under hypothesis of Economic man, every one wants to maximize his own benefit, which makes the human society a jungle. of course, there are people who don't maximize his benefit in any situation, there are also people who maximize social benefit all his life, and there are regulations that constrain those egoist ones. But all the regulations are in some extent misused by those egoist men, and then are attacked as outdated dogmas. The egoism is self-excited and expanding all over the world. The tendency is so strong that some day it will eliminate the trace of civilization thoroughly and make the whole society a large jungle. "
"Technology, capital, advertisement, trade mark and patent etc, are all weapons of war. Winner takes all is the same as victor monopolies authority. Economics crisis is the same as economics war is consuming both sides most fiercely."
And so interesting for so many reasons.
Thanks! <
Must....stop....laughing........
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