Watch your flanks, America! (China Watch)

Yahoo News/Christian Science Monitor ^ | 2/26/07 | Peter Navarro

[Jeff Head]

The CCP is their only government form and only political party. They still call themselves and carry on like communists. I will grant that their economic model has changed to take advantage of our pushing the global economy, and they are taking advantage of it to the max.

The scary thing is, IMHO, that their economic model has adopted a more fascist nature. Coupling that with their totalitarian, central government may allow them to do what the Nazis did economically...and it took the combined weight of most of the rest of the world to put them down and they were a relatively small country.

China is not small and has access to immeasurably more resources and strength. If they become an economic powerhouse in their own right and continue with their current governmental form and ideology, they will represent a threat an order of magnitude greater (IMHO) than the Nazis did.

Just my opinion.

[khnyny]

Actually, I agree with you, and in a perfect world, that would be absolutely correct; however, imho, it's a little more complicated. Aside from the obvious human rights issues, China's tremendous military build-up is troubling.

[Petey139]

and if they try to use that ownership to start running the United States, use the power of law to take their companies away from them (without repaying the money). It's called "nationalization". China did it. Britain did it. France did it. All countries have done it. The US EFFECTIVELY did it during World War II with manufacturing firms (though leaving the ownership in place). that's nonsense, if I where to buy off a big company, I wouldn't buy it because it's big, I'd buy it to loot their archives and intellectual properties which are where the money is, not the fact that it's IBM or DELL. If the government would nationalize the company, what would they nationalize? a company full of common people? striped of their identity, the know-how and what not.

[RightWhale]

The commie scare is dated. At its height it was the time of the Korean war. Even though the Vietnam thing was eventually lost, the march of Communism was stopped. As a movement it is perhaps not dead any more than the Roman Empire is dead, but Socialism is very much alive and Lysenkoism seems to dominate Hollywood. Perhaps China has more than a trace of Fascism, but so do we. Note some of the pronouncements of the leading Democrat candidate for Pres in '08.

[ponder life]

Aside from the obvious human rights issues, China's tremendous military build-up is troubling.

I don't doubt that that is a legitimate concern. It's just that I don't see a consistent standard applied across the board. The US sells F15/F16's to Saudi Arabia. Yet, human rights is actually worse there than in China. And it is home to Osama Bin Ladin, where despite the US/Saudi Arabian alliance, is an underlying population that resents American support for Israel and will continue to produce people like him as long as Israel exists.

And there was once a cozy relation between the US and Saddam Hussein.

And Russia is the only country in the world with a sufficient nuclear stockpile AND (an important 'and') a sufficent delivery system to assure the destruction of the US. China does not.

I realize that the US isn't the only country concerned about China's military build up. South Korea, India and Japan are concerned as well. However, I probably would be more sympathetic to concerns about China's military build up if there was something consistent applied across the board. More pressure on Russia to build down their ICBM systems and refusal to sell advanced fighters to ANY country in the world that is not a democracy (aka, Saudi Arabia).

Anyway, not wanting to start a debate, just giving my perspective with a panoramic view..

[Vicomte13]

Don't let the owners put any non-US nationals in any departments handling IP.

Or just accept that the Chinese taking over the world is the inevitable end result of unlimited free trade, and go with the free trade mantra, and don't worry about it. Working for the Chinese...how bad can it be?

[veracious]

Thank you for your insights. Your statements are fairly good except that printing the trillion dollars to cover would have a huge impact on the value of the dollar, the US economy then the world.

If you read between my lines you'll see that I'm saying the transferring of manufacturing is a bigger problem than the debt, but the reason is because they're related. The starting point was the Federal Reserve and the debt we created there has led to the rest... Probably above everyones perspective.

[veracious]

Right and they others who must volunteer to shoulder the debt won't even notice? #20

[veracious]

WRT #33. My background is figuring out the actual reasons for things. America is bankrupt by any accounting mechanism; a CPA or other technican could add that up.

"Let me issue and control a nation's money and I care not who writes its laws."

... -- Mayer Amschel Rothschild, unofficial father of _central_banking_ and founder of the Bank of England

"Banking was conceived in iniquity and born in sin. If you want to continue to be slaves of the bankers and pay the cost of your slavery, then let the bankers continue to create money and control credit."

... -- Sir Josiah Stamp, President of the Bank of England

We'll not agree on these types of things...

Anyone, I wasn't able to get the format quite right; how do I force a tab?