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Everyone panicked about the Japanese buying up American assets, too. It's all about 'rising tides lifting all boats' until there's a chance of someone else's b

Everyone panicked about the Japanese buying up American assets, too. It's all about 'rising tides lifting all boats' until there's a chance of someone else's boat being almost as high as ours. Then all of a sudden it's about the foreign threat, ulterior motives..

president 7y ago
In this case, someone else's boat has been ramming ours while some of our ship crew conveniently looked the other way. People have been shouting "foul" on China for a while now but it was the greed of many members of American congress and financial elite who were profiting from business deals with China that caused them to look the other way. Thankfully, we've gotten to a point where people aren't willing to put up with China's antagonistic behavior any longer.
- yourbandsucks 7y ago
  What foul, specifically? Currency manipulation stopped over a decade ago. Is it a 'foul' for them to run their domestic economy/politics the way they want? Or to buy freely traded American assets, as everyone's freaking out about here? None of that is them 'ramming' our ship. People are just mad because they thought we'd reached the end of history and the Chinese would know their role and play second-fiddle to Superior Western Culture forever. They're figuring out that that's not a natural law, and they're piiiiiisssed.
  - president 7y ago
    No, people are mad because here we have a totalitarian, protectionist, mercantilist nation that has no rule of law governing their people or their economy and subsidizing and weaponizing their companies to slowly strangle western economies by stealing their IP and defrauding foreign investors. You can get pretty far when you lie, cheat, and steal, especially when there isn't anyone there to punish you. I wouldn't call that first-fiddle "superior Chinese culture" though.
    - yourbandsucks 7y ago
      That's a lot of heat and I'm not getting anything besides my previous post's last sentence out of it. If protectionism and mercantilism are bad, how come everyone's in favor of these restrictions on this thread? Such little faith?
      - president 7y ago
        It's all there in the article. You just have to read it.
  - deleted 7y ago
    [deleted]

president 7y ago

In this case, someone else's boat has been ramming ours while some of our ship crew conveniently looked the other way. People have been shouting "foul" on China for a while now but it was the greed of many members of American congress and financial elite who were profiting from business deals with China that caused them to look the other way. Thankfully, we've gotten to a point where people aren't willing to put up with China's antagonistic behavior any longer.

yourbandsucks 7y ago
What foul, specifically? Currency manipulation stopped over a decade ago. Is it a 'foul' for them to run their domestic economy/politics the way they want? Or to buy freely traded American assets, as everyone's freaking out about here? None of that is them 'ramming' our ship. People are just mad because they thought we'd reached the end of history and the Chinese would know their role and play second-fiddle to Superior Western Culture forever. They're figuring out that that's not a natural law, and they're piiiiiisssed.
- president 7y ago
  No, people are mad because here we have a totalitarian, protectionist, mercantilist nation that has no rule of law governing their people or their economy and subsidizing and weaponizing their companies to slowly strangle western economies by stealing their IP and defrauding foreign investors. You can get pretty far when you lie, cheat, and steal, especially when there isn't anyone there to punish you. I wouldn't call that first-fiddle "superior Chinese culture" though.
  - yourbandsucks 7y ago
    That's a lot of heat and I'm not getting anything besides my previous post's last sentence out of it. If protectionism and mercantilism are bad, how come everyone's in favor of these restrictions on this thread? Such little faith?
    - president 7y ago
      It's all there in the article. You just have to read it.
- deleted 7y ago
  [deleted]