Say Anything Blog

All this worry over China is unfounded.  China isn’t going to do anything to America because their economy is as tied to ours as ours is to theirs.

If China drove our economy under who else is going to buy all the crap from them that we do?  It’s not like Europe is going to move in to fill that gap.

We have ever bit as much leverage over China as they have over us.  We could throw trade sanctions on them to keep their goods from coming in that would be disaster for them.  And, frankly, the way our economy is so tied with China’s is a good thing.  For one, it’s forcing China to move more and more toward a free economy.  For another, China isn’t about to kill the “golden goose” it has in America for all the reasons I just explained.

It’s a global economy now.  The only people worried about this are alarmists and isolationists.

When the people fear their government, there is tyranny; when the government fears the people, there is liberty.

-- Thomas Jefferson

Rob’s recently listened-to songs:

A large amount of companies that we see export from China are actually in China through FDI or other means- they are not really Chinese nationalist enterprises. China has also just joined the WTO and plans on abiding by their rules. To not allow any country to invest in another country is protectionist. We may be sending higher end manufacturing jobs over to China, but we are in fact increasing our standard of living as well. Please see the recent GAO reports and other government resources. There is some 75 page report I am reading about trade with China, and you should also read some statistics from the Bureau of Labor Statistics. This provides info such as the fact that the accounting and services sectors of America have been growing in the past year, as American manufacturing has been declining. China uses these growing sectors to help their business, while also buying items from us to create their final goods. There is an inverse relationship between China’s interests in each segment and America’s interests in each segment. One country provides one thing, while the other country buys it and provides something else. Having China as the 3rd largest trading partner makes things cheaper for China and America.

People concerned about global trade would do well to read this.

Key quote:

Because it is imports that we desire — exports being simply the tiresome labour that we must ship abroad to pay for them — negotiating with other countries about their tariffs and quotas is ludicrous. Why should we care if the foreign governments make their own citizens poorer by denying them the products of the globe? We should concentrate on what makes us richer, the abolition of all those barriers to our own wealth that we impose upon ourselves.

When the people fear their government, there is tyranny; when the government fears the people, there is liberty.

-- Thomas Jefferson

Rob’s recently listened-to songs:

Because there are so many barriers that are still present, it is easier to use FDI to get rid of those barriers. Once you’re in the country and producing in the country, you do not have to worry as much about tariffs.

I’ve actually written an article to prove that the trade imbalance is bad. Now, for a different class, I’m writing an article about the trade imbalance including some good. (It is towards the slant of my current teacher)

By the time I finish all of this paper, I should be able to find points to prove both sides.