"That's exactly right. But the free traders act as if that was never the case and any thought of returning to those policies would be socialistic and anti-freedom."
I noticed many of those who don't understand this are too young to have voted for Reagan. They seem to be the brain-washed product of our liberal academia which pervades the economics department as well as other college departments.
Now Communist China has purchased some of our loans and we are now caught up in a precarious and fragile market.
Of course, Communist China still gets OPIC and Ex-Im Bank funding (compliments of the American taxpayer) for any business setting up within their borders. And, the government there automatically owns half of every business within China's borders.
That Communist China still imprisons Christians for being Christian and uses forced prison labor doesn't seem to bother anyone in the Bush administration, or any of the free-traitors here.
Sometimes I feel like I'm the only one who remembers which government fully backed which side of the Korean War and the Vietnam War.
It's not that it doesn't bother us; the issue, though, is that capitalism and freedom move hand-in-hand. That is to say, you cannot have a capitalist society that is not free, and you cannot have a free society that is not capitalist.
As China rumbles on its painfully slow transition to capitalism, notice that politically it is also becoming more free. Just in the past two weeks, for instance, China announced that it was undergoing sweeping reform to its judicial system to afford more due process protections to those charged with a capital offense.
And in a story just released today, we see major political activism coming from China, as Chinese Reformers Petition for Review of Subversion Law (NYT 1 Feb http://www.nytimes.com/2004/02/01/international/asia/01CHIN.html?ex=1076302800&en=5bffbb51ad02eab9&ei=5040&partner=MOREOVER)
Capitalism spurs this change. As China becomes more capitalist, it will become more free.
What's going on is an attempt to completely wipe American history and what made this country so prosperous out of the minds of the younger generation. How can one even know that semi-protectionist policies in the past worked to create the largest middle class in the world if they're never taught or discussed? If anything those policies are being demonized as being a failure. Talk about Orwellian.
That Communist China still imprisons Christians for being Christian and uses forced prison labor doesn't seem to bother anyone in the Bush administration, or any of the free-traitors here.
That's the dirty little secret the free traders would prefer not to talk about. And trading with China won't make it better for those being oppressed. The thugs running that country are as committed to their totalitarian system as they've ever been and all the corporations are doing is exploiting their labor.