January 19th, 2010, 12:52 AM #1
Did Google Throw Obama a Life Line?Why America and China will Clash
FT.com / Columnists / Gideon Rachman - Why America and China will clash
The pressures for disengagement will come from labour activists, security hawks and politicians – particularly in Congress. To date, the Obama administration has based its policy firmly on the assumptions that have governed America’s approach to China for a generation. The president’s recent set-piece speech on Asia was a classic statement of the case for US engagement with China – complete with the ritualistic assertion that America welcomes China’s rise. But, after being censored by Chinese television in Shanghai and harangued by a junior Chinese official at the Copenhagen climate talks, Barack Obama may be feeling less warm towards Beijing. An early sign that the White House is hardening its policy could come in the next few months, with an official decision to label China a “currency manipulator”."The world burns while Obama Tweets."
January 19th, 2010, 02:36 AM #2Both Bill Clinton and George W. Bush firmly believed that free trade and, in particular, the information age would make political change in China irresistible. On a visit to China in 1998, Mr Clinton proclaimed: “In this global information age, when economic success is built on ideas, personal freedom is essential to the greatness of any nation.” A year later, Mr Bush made a similar point: “Economic freedom creates habits of liberty. And habits of liberty create expectations of democracy ... Trade freely with the Chinese and time is on our side.”
It is naivete in the extreme to believe that the economic buildup of Communist China will lead to anything other than a major military power , able to project power to counter that of the United States.
Many people in the Western democracies believed that Nazi Germany's developing vigor was appropriate given the dynamism of it's economy and people.
They failed to take into account what the motive force behind that buildup was, and we see the results.
The buildup of the economy of Communist China will do nothing to bring about political liberalization, any more than it did with Nazi Germany. It will only make the Communist Government more heady in its expectations and demands, just as it did for the Government of Nazi Germany.
The core practice of Communism --like Nazism --is Genocide.
January 19th, 2010, 08:08 AM #3
The FDIC keep issuing currency with nothing to back it isn't a currency manipulator?
January 19th, 2010, 09:57 AM #4
I would like to see Obama go after China's undervalued currency. This will start a fight "the people" will be behind. I'm tired of losing jobs to Chinese companies by 30%. They cheat, and everyone knows it but we just bend over and take it."The world burns while Obama Tweets."
January 19th, 2010, 08:01 PM #5
Don't worry, Chuckie....China's begun to dump US treasuries. That means we can finance our own deficit...
January 19th, 2010, 08:56 PM #6
Anything constructive to add, Ray?
The currency imbalance is like be paying you $ 300 Mexican money and calling them dollars. It's a government run imbalance, not a market one."The world burns while Obama Tweets."
January 19th, 2010, 09:50 PM #7
The government can print some more money to finance the deficit. Both China and India are dumping US Treasuries. Be careful what you ask for, you just might get it!
But China is positioning to manufacture in the US, therefore hiring US workers!
January 20th, 2010, 01:21 AM #8But China is positioning to manufacture in the US, therefore hiring US workers!
There is a lot of anger in the USA at the loss of jobs. Not just today's unemployment, but the gradual loss of entire industries. We aren't losing them to France or Germany, or Mexico for that matter. We are losing our industrial base to China."The world burns while Obama Tweets."
January 20th, 2010, 01:04 PM #9
The rules of the game are going to be different:
1. As China moves up the value chain, the lower value production will not move from China to another country. It will move to China's impoverished west.
2. China will COMPETE because China is turning out more engineers annually than the United States.
3. The United States may not be able to buy off the top foreign engineers, as they may now opt to stay home.
4. Still, China has vast capital being invested by Chinese not living on the mainland.
January 20th, 2010, 09:17 PM #10
Here's another article along the same lines:
FT.com / China / Economy & Trade - Chinese media hit at â€˜White Houseâ€™s Googleâ€™
Most of what you say is partly true but not addressing the real problem with USA - China relations. Generally the USA has always given emerging countires a break in the hope that "freedom will break out". China is going to great lengths to see that that doesn't happen.
The most pressing problem is the cyber attack against our civilian industries, and our military computer infrastructure. They are sending all of the signals of preparing to "take down the USA" in a cyber attack. They are exploiting the means to infiltrate our military command and control systems, and steal information from our (civilian) industries.
Need engineering expertise from Boeing? Why buy it when you can steal it and build your own planes without all of the expensive and inconvenient R&D.
Add this to the government sponsored "help" given to industries that compete with our own, and you have a predatory competitor who operates within an entirely different value system.
China is not a country with innoucous goals. Obama could score mega-points by diplomatically pushing back in the form of a warning to float their currency, or face a differential tarrif across the board. China may get pissed off, but someone has to take a stand besides Google."The world burns while Obama Tweets."
January 20th, 2010, 09:44 PM #11
January 20th, 2010, 09:58 PM #12
This is a Country that invented cheap steal before Bessemer did a millenium later; had seimographs that could point to the distance and direction of a quake; has a naval force under Admeral HO that numbered in thousands--and an Emporor could round up 100, 000 humans for their lives to build an army of terra cotta soldiers for his pleasure.
As a nation with huge water problems, it has always required a strong centralized Government to control them.
It economic buildup is a pregenitor to increased military and geo-political hegemony --not a nascent democracy.
It doesn't want money for greed: it wants it for World domination.
January 20th, 2010, 10:33 PM #13
Listen in around 3:15, for another take and figure out why Communist China keeps financing our "dismantleing our industrial base".
January 20th, 2010, 10:44 PM #14Care to show me a country to the contrary? Every semi-westernized capitalistic economy shares the same values: make the most money possible.
If you aren't happy in our industrial country, that generates the paycheck you cash, maybe you shoud live "closer to the earth". The human race has always competed for resources. You have been spoiled to belive no one wants to take the bread out of your mouth.
As my dad used to say:
"If you want to live a simple life, raise rice in a rice paddy in China. It doesn't get any simpler than that.""The world burns while Obama Tweets."
January 21st, 2010, 12:06 AM #15It doesn't want money for greed: it wants it for World domination.
Do you care whether we have the jobs and industry that give us one of the best qualitys of life in the world?
If you aren't happy in our industrial country,
The human race has always competed for resources. You have been spoiled to belive no one wants to take the bread out of your mouth.Good job, friend-of-friends!
January 21st, 2010, 12:33 AM #16
Peace be with you, tony_15.
January 21st, 2010, 01:56 AM #17
And with you and your family, MegalosSkylaki
Good job, friend-of-friends!
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