Are we beating up on China? PDF Print E-mail
Written by Stumo   
Saturday, 15 December 2007

Lest you think I am unjustly singling out China for special treatment out of the 190 or so countries in the world, just remember these facts:

1.   They are the biggest country, by population;

2.   They cause trade deficits for more countries than any other;

3.   They are our biggest geopolitical rival;

4.   They are one-third of our trade deficit;

5.   They manipulate currency;

6.   They own most of the economy, and are owning more;

7.   They are the most problematic spying country.

8.    They ship the most poisonous and adulterated food, toys and other products.  Even Chinese shoppers avoid Chinese toys

9.    They have passed the U.S. in global carbon emissions with much inefficiency with high growth and few regulations. 

Myanmar and Sudan, for example, have bad governments that do bad things to people.  But they don't affect our economy, our world environment, our national security, and our safety like this. 

If any other country wants to apply for special attention, they can.  But they have to beat these factors.

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Colorado CPA member Milt Heft has these thoughts on money, wealth and the economy.  Heft is the owner of Petrogen, Inc in Colorado Springs.

A few thoughts about manufacturing:

There is a great misunderstanding of the relationship- between money and wealth.  The beginning principles with which we can all agree are a few and simple noble truths:
 
1. Money is meaningless without wealth.
2. Wealth is difficult to distribute without money.
3. Wealth is the reality of the physical things we need to survive and thrive:  food, clothing, shelter, ice cream & computers.  It is the product of mining, industrial production, and agriculture.
4. Money is anything that make the wheels of production and distribution go ‘round.
5. Money is easy to manufacture and control.
6. Wealth takes a lot of blood, sweat, toil and tears.

 


 

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