Dear Third Way centrist Clinton-school lawmakers who voted for NAFTA and MFN status for China,
You are staggering idiots. I hope the rust that haunts every hard-working, honest town in the Midwest attaches itself to your hands and your foreheads like a Biblical plague.
That is all.
Your nemesis,
Ben Phenicie
P.S. I now have evidence from your precious academic think tanks. Don't you dare bother driving around our ruined towns to take an actual look. Just read this, it's safer.
http://www.bloombergview.com/articles/2016-01-26/free-trade-with-china-wasn-t-such-a-great-idea
I don't think China really is free trade in the libertarian sense. China's successful companies are almost always nationalized, allowed for interest-free loans that don't need collateral or only paid to nationalized banks that don't require repayment. These industries are given cash infusions during the onset, and once they've vanquished their rival industries, jacks up prices and makes a profit. This helps the top tier, but screws with the 99%. Currently China has a huge debt problem, only to get worse in the future!
ReplyDelete(source) http://www.economist.com/news/leaders/21698240-it-question-when-not-if-real-trouble-will-hit-china-coming-debt-bust
Even with inclusion to the IMF, China made a bunch of promises and then really hasn't followed through. Be cautious of currency swaps, capital flight, and coming inflation. What comes next? Don't know, I'm glad I'm out wits, wife and money intact!
Thanks for saying something Cameron. As far as I can tell, you're agreeing with me - that China's government props up its golden boys with public cash to the detriment of the free market system. If only more people knew this stuff.
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