Even as the U.S. and China agree to trade truce, they are edging toward partial economic divorce washingtonpost.com/business/econo…
2/ Read the language of the article carefully and you see the subtle mirror-imaging: America and China were "partners." No, that was the American perception driven by the lust for profits. The US elite changed the tax code so that out-sourcing jobs was profitable. At least Romney
3/ was honest in his explanation of why Bain Capital went to China. The Chinese have been ruled by a communist party. Communist parties, dating back to Stalin, have seen American businessmen, like the Koch family, as partners. But, it is a one-way "partnership." They get transfer
4/ of technology, our elites get profits. Oh, well, we get cheap imports. We also get Walmart wiping out small businesses. China has always looked at us as a unwanted competitor in the Pacific. Restricting AI and other technology is what the non-business, security elites did
5/ during the Cold War because, if it had been up to business, we literally would have sold them the rope to hang us. The Chinese never had any intention of allowing capitalism to lead to democracy. There is no strategic partnership with China. There are American elites who love
6/ making profits from exploited Chinese workers and hurting American workers.
