NOW WE SAY "bay - jing" instead of "pe king"; do we use the term "red" china? Increasingly less, perhaps, as formerly communist china becomes less communist, more capitalist, and moves from red into the green.
The chinese government, which still keeps an iron grip on the country, is now allowing a great deal more free and private economic activity, as long as the government approves of it, the government is also bending over backwards to assist chinese companies on the international market.
If both the chinese and the americans don't both keep moving in the same direction; thriving but well regulated business climate, the world may bcome a corporate oligarcy, which we the people don't want, any more than we want a political dictatorship.
We want economic freedom and political democracy, both well regulated.
The americans are mad at the chinese because they give government money to their companies, such as auto parts makers, to cut the cost of production, and thus lower prices internationally, making chinese parts "unfairly competitive." (cheap)
The chinese are mad at the americas.and have been, ever since the american government bailed out most of the american auto industry, saving it from bankruptcy. Frankly, this would appear to be a far more extreme example of government subsidizing than what the chinese are doing.
Se "we" have rules of international trade, which ruch powerful countries with strong military are free to igonre if they so choose. Maybe we need fewer rules. Hell, what's wrong with a little government assistance to business? Whcy can't socialism and capitalism work together?
To the extent that a thriving global economy eriches the human race, all the better, but it might be that food is best grown close to home, and wealth is best manufactured close to home, except when certain goods and services are not locally available.
A healthy balance between competition and cooperation must underscore all human activity.
Bb
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