China has a problem, and it is taking a page from when USA was creative:
So China will move up the food chain, and buy parts from Brazil.
We in the USA elected to start wars against countries that were no threat to us. We bailed out a financial system that failed for poor performance, and refused to allow a better system to emerge. We elected to ruin health care and education. And now we are one of the poorest countries on earth, given the debt each of us owes the extremely few people who are responsible for this mess. We are being isolated.
The USA response to our problems is to make old people work longer, and confiscate savings, so far. There is not a single politician on the horizon, nor academic, nor legal scholar, no one, that is even thinking about freedom as a possible path out.
No, we double down on violence as the solution. This is democracy. This is capitalism. Some day we'll try free markets.
Feel free to forward this by email to three of your friends.
Earlier this month, the cabinet decided to deepen international industrial capacity cooperation, at a time when China is struggling with overcapacity. Too many similar factories are churning out fundamental products including iron and steel, cement and plate glass.What to do with all that excess capacity? Sell it. The entire factory. Disassemble it, pack it, ship it to say Brazil, rebuild it there.
Chinese Premier Li Keqiang will witness the signing of several deals on industrial capacity cooperation in Brazil, the first leg of his Latin America tour, said Chen Duqing, a former ambassador to Brazil.
Industrial capacity cooperation generally means that China moves entire production lines to other countries, or sets up factories with local partners abroad.
So China will move up the food chain, and buy parts from Brazil.
On Saturday, China's cabinet laid out a list of sectors for more capacity cooperation. The expansive list includes automobiles, aviation and aerospace, chemicals, construction materials, electric power, machinery, maritime engineering, non-ferrous metals, railways, shipbuilding, steel, telecommunications and textiles.USA once sold entire factories to emerging economies, but sadly, we have no factories to sell. Chinese factories take Chinese technicians to run them. And the infrastructure avoids contact with USA.
We in the USA elected to start wars against countries that were no threat to us. We bailed out a financial system that failed for poor performance, and refused to allow a better system to emerge. We elected to ruin health care and education. And now we are one of the poorest countries on earth, given the debt each of us owes the extremely few people who are responsible for this mess. We are being isolated.
The USA response to our problems is to make old people work longer, and confiscate savings, so far. There is not a single politician on the horizon, nor academic, nor legal scholar, no one, that is even thinking about freedom as a possible path out.
No, we double down on violence as the solution. This is democracy. This is capitalism. Some day we'll try free markets.
Feel free to forward this by email to three of your friends.
0 comments:
Post a Comment