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March 05, 2018

A Mystery Inside an Enigma Wrapped in an Egg Roll

As if homegrown Leftist indoctrination wasn't bad enough, the Chinese government's funding of Confucius Institutes at schools and campuses across the US is raising some alarm bells. As premier Xi Jinping consolidates his hold on power, fancying himself as the next incarnation of Chairman Mao, he's made no secret of his desire to see China dominate the world within the next 30 years. The seeds planted by Bill Clinton's disastrous granting of most-favored trade status to the PRC, as well as allowing the sale to them of extremely sensitive defense technology so he and his wife could line their pocket, coupled with Obama's allowing that country to make half the Pacific a Chi-Com lake has made them arguably America's greatest long term strategic threat.

But a closer look at the tea leaves paints rather a different picture:

... The thing is this. America does not have to do anything directly to harm China. All that has to happen to shake China is for the U.S. not to become isolationist, but just to 1) adopt a diminished, a more traditional, interest in the world and 2) insist on fair trade.

...Ten to 15 percent of China's GDP depends on exports to the U.S. And because much of this trade is unfair, China enjoyed a continual trade surplus with America - some $275 billion in 2017 alone. Should the U.S. decide to play hardball on trade or just merely demand that cross country trade be fair, China's internal stability would be shaken. And the Chinese know it...

...Some fear that if the U.S. demanded fair trade with China and an end to its technology theft, this would start a trade war. But as President Trump recently said, when America is constantly running trade deficits of hundreds of billions of dollars each year, a trade war is "good and easy to win." Although the globalists and Chinese apologists will dispute that point, the president's logic is hard to refute.

The president's intention to slap tariffs on aluminum and steel imports also puts the China situation front and center, vis a vis a trade war with them and other nations. But, along with shaky economics (despite the propaganda generated by the Chi-Coms and our own Left wing organs), there a number of other serious societal problems that could make for "interesting times" as the saying goes.

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posted by at 04:30 PM

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