Reply to China Retaliates Against the U.S. With Its Own Higher Tariffs

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]It's ironic for China to call for mutual trust and respect when they are guilty of intellectual property thefts, forced technology transfers, and anti-competitive behaviors that block foreign goods/services from being competitive in the Chinese market. Tell me, can you hail an Uber in China?

Mutual trust and respect my @ss. What they want is for the US to go back being complacent like we were under Obama, to stay quiet while being bent over a barrel by China. [/quote]

The US designed the modern economic system that benefits us after the WW2. We are 5% of world population but we enjoy a disproportionate 25% of world wealth. China and India with 1/3 world population were the largest economies in the world until early 19th century. Why do you think their economies collapsed? They simply couldn't compete against free slave labor and stolen Native American resources extorted for the cost of a few bullets.

Today China and India are just reclaiming their historical position as the top economies of the world. Firs t rule of Capitalism: Those with large internal market of their own will control the world economy. That is what is happening and this time no temporary distortion such as slave labor and stolen resources from a new found land.

America (and the west) are crying fowl only because China is beating them at the game they created for their own benefit. The power has shifted to Asia and the world has come a full circle. We can no longer dictate to China(or to India or Russia) and we need to compete and not complain. We need access to the Asian market because China is largest market for GM, Boeing,  etc. India is largest market for the likes of google, FB, P&G etc. Millions of jobs will be lost in America if we lose access to their markets. That is the reality no American wants to talk about.

The solution is to create a large internal market for American goods by creating TPP like exclusive zone. But thats what the conman killed. He is just a loser who is creating a public REALITY SHOW OF him acting as if he is doing good for America. But the truth is he hasn't done a single thing he promised except for tax cuts for the rich.

NAFTA is still the law. Dreamers are still here. There is no wall. The trade deficits with china is at historic high. Coal/Steel jobs aren't back. North korea is still flying missiles. BUT THE RICH GOT THEIR TAX CUTS. :lol:  :roll: Trumpsters are conned.[/quote]

What a dumb-@ss post. I am going to leave aside India because I am not familiar with their history, culture, politics, and economic system. I am, however, familiar with Chinese history, culture, politics, and economic system. China's economic collapse at the end of the 19th century was because it remained an insular country throughout the Qing dynasty. It believed that it was the economic/cultural/political power center of the whole world and that it didn't need to worry about what lies beyond. The rulers believed they had a mandate from heaven to rule. China was simply not participating in the important period of industrial revolution. Remember that slavery was abolished in Europe in the early 1800s, and in US in the mid 1800s. Between that and the start of WWI, China simply languished and became ever more in debt to western countries. Globalization trends significantly amplified the ability for a country to advance its economy, and WWII serves as somewhat of a dividing point for the world, both in terms of before and after, and also between the divergent paths of capitalism and communism. For the countries that went with capitalism, they flourished, and this included Asian countries like Taiwan, Japan, and South Korea. For the countries that chose communism, and this included western countries like Hungary, Poland, and Romania, their economies collapsed. The post-WWII economic hardship that China went through in comparison to the prosperity of the US is not because the US had slave labor, but because communism/socialism is crap.

China is indeed growing strong again, because it has slowly abandoned aspects of communism/socialism and adopted capitalism and other free market mechanisms. It is *because* China has become more like the US that it is now growing stronger, not because China is doing something of its own invention.

I also find it incredibly ignorant when people raise the suggestion that the US is somehow afraid of a powerful China, that it can then no longer dictate to China. Tell me, is the US afraid of a powerful Canada, or a powerful Japan? Was the US afraid of the formation of the EU? So long as a country trades fairly, the US doesn't really give a damn. Having a prosperous China that trades fairly and openly with the rest of the world is to *EVERYONE's* benefit, it's what the US wants to see. The US has shown time and time again that it is an incredibly generous and friendly country.

China is not beating America at our own game, because they are not playing the same game - they are cheating, and that's the point. So long as they continue to cheat, the US and EU nations will continue to pressure China to change their behavior. The US and the EU wants cooperative allies, not thieves and back stabbers. [/quote]

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