Replies

RE: ketchup?

The article (#136) I commented on reaffirms what I have googled time and time again. To wit, the price of doing business in China is your technology and intellectual property. Those items are then used against you, first in domestic competition in Red China and finally in global competition.

The article also reports that the Bush administration has acted to stop WTO violations by the Chi-coms. Earlier efforts to get the Chi-coms to allow their currency to seek its true level failed.

Could you or your talk radio buddies puleeze(!) provide sources to back up your rosy assessment of "free" trade with the government of China? Like, when will all areas of China be allowed to benefit?

"banking services?" China has banking service already -- almost half their value is consumed by nonperforming loans to keep state owned people's "factories" open in areas outside the "capitalist" zones and to fund surplus construction projects. The nonperforming loans are estimated by some to be 40 percent of GDP.

Oh, so we should deny ourselves markets because you don't want our companies to build plants in other places around the world to service them.

Yeah, that makes a lot of sense...NOT!

You'll have to stock up on Depends once China gets more and more democratic and entrepreneurial and we have to compete globally with 1.2 billion of them vs. 350 million of us. Personally, I think we have more to offer and we'll both see mutual benefit.

But go ahead and live in your short term world whining about small particulars in this WTO agreement or that World Bank argument.

I'm sure your ancestors said they same thing when the automobile replaced the horse drawn carriage and the hand held calculator wiped out slide rules.