[Peace-discuss] China's economic achievement

[E. Wayne Johnson]

Geez.
Keiser Report #72
http://www.youtube.com/watch?v=lVombm30geU

On 8/27/2010 12:55 AM, E. Wayne Johnson wrote:
> I agree Laurie.  You have the general picture well in hand.
>
> But 1) will happen gradually no matter what.
>
> 2) is in progress on a quite slow scale.
>
> 3) is less likely actually.
>
> 4) is something China certainly does not want.
>
>
>
>
> On 8/27/2010 12:26 AM, Laurie Solomon wrote:
>> >Regarding China paying attention to the rules laid down by the State 
>> Department, the only real threat the US poses to China is that 
>> China's exports to the US might be taxed heavily or restricted, which 
>> is >actually quite possible.
>> A possibility but I do not think it is highly probable since to do so 
>> would (1) increase prices to US consumers for many of the products 
>> that they now buy and for which US retailers are dependent on China 
>> for, (2) cause China to cash in their surplus of US currency in 
>> retribution causing the US dollar to fall in value, (3) result in 
>> China closing its doors to US companies doing business in China on 
>> both the consumer level (e.g., McDonalds and the like) and on the 
>> industrial and wholesale levels, and (4) produce even less 
>> cooperation on the international level with the US.  The US has more 
>> to lose than China if it should impose said import taxes or 
>> restrictions; it might also face world wide sanctions imposed on it 
>> by the WTO should China bring a complaint of violation of free trade 
>> agreements under the WTO.
>>
>> *From:* E. Wayne Johnson <mailto:ewj at pigs.ag>
>> *Sent:* Thursday, August 26, 2010 10:44 AM
>> *To:* C. G. Estabrook <mailto:galliher at illinois.edu>
>> *Cc:* Peace-discuss List <mailto:peace-discuss at lists.chambana.net>
>> *Subject:* Re: [Peace-discuss] China's economic achievement
>>
>> I agree about the shortsightedness of China re the environment and 
>> many other issues re sustainability.
>>
>> And indeed they have imported a great deal of technology, but there 
>> is some understanding of the technology.
>>
>> My 3.5 year old computer monitor (an Acer flat panel) lost its back 
>> light the night before last at 2 am while dr. Qiao was using it.  I 
>> took it across the street yesterday at just before 1 in the afternoon 
>> to the little computer shop.  The guy brought it back to me repaired 
>> just before 3 pm.  This is in Qixian, a relative backwater town.  It 
>> cost $16 to have it fixed.
>>
>> Regarding China paying attention to the rules laid down by the State 
>> Department, the only real threat the US poses to China is that 
>> China's exports to the US might be taxed heavily or restricted, which 
>> is actually quite possible.  Military power isnt any threat 
>> whatsoever to China.  They wont back down.  Crimping China's oil 
>> supply seems to be a clear goal of the US but the effect is not at 
>> all clear.
>>
>>
>> On 8/26/2010 5:28 AM, C. G. Estabrook wrote:
>>>
>>> China's economic achievement has little to do with globalization. It 
>>> is related to trade and export. China has gradually become an 
>>> export-oriented country. No one, myself included, is opposed to 
>>> exports. But this is not globalization. In fact, China has become a 
>>> factory in the Northeast Asian production system. If you look at the 
>>> whole region, you will find it very dynamic. China's export volume 
>>> is enormous. But there is something we have overlooked. China's 
>>> export relies heavily on the exports of Japan, Korea and the US. 
>>> These countries provide China with high-tech components and 
>>> technologies. China is just doing the assembly, and labelling the 
>>> final products as 'Made in China.'
>>>
>>> China has developed rapidly by following wise policies. But while 
>>> millions of people were lifted out of poverty, costs such as 
>>> environmental degradation are high. They are merely transferred to 
>>> the next generation. Economists will not worry about them, but these 
>>> are costs that someone needs to pay for ultimately. It may be your 
>>> children or grandchildren. These have nothing to do with 
>>> globalization and the WTO.
>>>
>>> http://chinadigitaltimes.net/2010/08/noam-chomsky-in-china/
>>>
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