Today on TAP: The nation that defeated the U.S. 50 years ago now has the largest trade surplus with us of any nation.
A quarter-century ago, when advocates of normalizing trade relations with China insisted that doing so would compel China to transform itself into a democracy, America’s unions, a number of social democrats (including at the Prospect), and a smattering of China hands (James Mann in particular) called that argument a non sequitur: Capitalism had co-existed with right-wing authoritarianism and dictatorship, and would with its left-wing (or ostensibly left-wing) counterparts, too. Today, Leninist one-party rule (or in China, neo-Stalinist one-leader rule) gets along just fine with the C-suites of America’s corporations and banks, for the same reason that Wall Street prefers production in “right-to-work” states: the absence of worker power and the ensuing low levels of workers’ wages.
Meet the new boss, chumps!
I know one of the major Murkin model railroad manufacturers (w/ SoCal roots; started at a hobby shop on Hollywood Blvd.) has moved most if not all its production from China to Vietnam. Great fucking job, from Eisenhower through Kennedy, Johnson & Nixon.
Ha ha. Defeated in war & then in economic competition. Tell us again how the Democrats are all "Commies" & you're all for "free markets" you corporate fellow travelers. We won't be free until we've purified this evil species by eliminating the highly functioning psychopaths.
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