The underlying problem with free trade is that it doesn’t exist.
China is re-enacting the glory days of the robber barons in the US, and the heirs of the robber barons (and the top managers) are drooling over the prospects.
Too bad they don't realize the Chicoms are using the "free trade" to expand and modernize their military to the point that they can engage in a program of lebensraum down the road. I only hope they go after Siberia, but I think it will be Taiwan, Japan, and Australia. A new "Greater East Asia Co-Prosperity Sphere". Oh, and Japan? Remember Nanking? Payback will be a cast-iron b*tch.
And the irony of the leftists supporting the sweatshop-based, environmental-catastrophe-based Chicom economy is delicious.
Cheers!
National security trumps economic efficiency. The world’s a big place, if we really need lots of cheap stuff, there’s Malaysia, India, Latin America (minus Venezuela and Cuba), the Philippines, Taiwan, Singapore, S. Korea and more. Now, if we get cut off in a conflict, we are in a bad way because we rely on a country that has nukes aimed at us, will only allow churches that recognize the Communist government as supreme, and tells people, with physical and extreme financial and legal coercion how many children they can have.
Memo to Paul Ibrahim: Reagan never gave in to the Commies, and neither will we.
Who is the idiot (Paul Ibrahim) and what editor allows somebody to spew such garbage? Won’t be surprised to see these fools claim that genocide and forced abortions (both of which are actively encouraged in China) are “conservative virtues” too.
With “conservatives” like these, who needs enemies?
Tell us what YOU think of this garbage, Invisigoth? Do you agree or disagree with Ibrahim?
Our tariff rates don’t need to be at zero. A five to ten percent tariff on all the worthless knicknacks from China would bring in a lot of revenue.
As tariff rates have gone down, income taxes have gone up. Indirect taxes are always preferable to direct taxes.
Our tariff rates don’t need to be at zero. A five to ten percent tariff on all the worthless knicknacks from China would bring in a lot of revenue.
As tariff rates have gone down, income taxes have gone up. Indirect taxes are always preferable to direct taxes.
If you want to see the social chaos that having anything to do with China...come to Flushing, NY. See how a rather nice American town within NYC became a crowded dirty ginza. Thanks to the Democrats and liberals we can now rename our town “Saigon”!
Your town will be next if this is allowed to continue!
Napoleon was correct, let China sleep for when it awakes the world will tremble.
there should never be free trade unless it is free on both ends. One directional free trade is not free trade.
I do find it ironic that we trade with Communist China even though they are responsible for more American deaths post WWII than any other country. Either coming overt the hills in Korea or training, equipping and arming the NVA.
The Chinese government is going to very shortly make an official announcement that they are going stop the fluctuation of the currency and lock the exchange rate at 6.90 RMB to the U.S. Dollar.