China is laughing its azz off over the $4.5T the Dems want to spend on communist style goodies for all, and takedown of capitalist pigs running the country.
Hey Nancy’s gona get a loan from from China.
China fine print, we own your Azz Biotches!
God, I’ve been watching this country go down the path to ruin all in the name of GREED.
Really, really sad state of affairs. We’re footing the bill for China’s buildup of their country and military which, in a not too long future, we will be at war with. WW III.
Gene, I don't mean to invalidate your feelings or anger here, but your tag reads "On the edge of tomorrow looking back at yesterday". Don't look back, Gene. Have steely courage in the face of despair. That's something you can do calmly and deliberately. Keep those you love in your heart and leave room for the occasional straggler...
Today, the challenge offered by China to the United States and indeed the capitalist world economy is a model that departs sharply from the private laissez-faire model of capitalism that has prevailed in global capitalism to date. In the latter model, the government is called in (à la Keynes) only when crises hit and threaten private capitalism. And then the government’s economic interventions are constricted in scope and reach and are temporary in time. Minimal government regulation and minimal direct production of goods and services by government are the key rules.
In contrast, in China, the Communist Party and the state intervene much more in economic affairs by regulating private businesses (foreign and domestic) more and also by having the state own and operate businesses. What results for the party and the state is an overarching control of economic development. That control, in its extent and duration, far exceeds the governments’ role in western Europe, North America, and Japan. Having the party and state as collaborative entities pushing determined policies enables the regular mobilization of most private and public resources to achieve agreed goals. Chief among the goals has been economic development to escape the endemic poverty of southern Asia.
A May 22 New York Times report on the account offered only general details of the role the US Joint Chiefs of Staff played in the run-up to the 1958 Taiwan crisis. However, it is now clear from the original highly classified documents as well as other evidence now available that from the beginning, the Joint Chiefs aimed first and foremost to exploit the tensions to carry out nuclear strikes against Chinese nuclear military targets deep in highly-populated areas.
Chiang Kai-shekâs nationalist Kuomintang regime and the Joint Chiefs were allies in wanting to embroil the United States in a war with China. (...)
According to the account authored by Halperin, the Chairman of the Joint Chiefs, Air Force Gen. Nathan Twining, told State Department officials in an August meeting that the third phase would require nuclear strikes on Chinese bases as far north as Shanghai.
The Joint Chiefs played down the threat to civilian casualties from such tactical atomic weapons, emphasizing that an airburst of tactical atomic explosions would generate little radioactive fallout. But the account indicates that they provided no concrete information on expected civilian casualties.
Given the fact that both the Chinese gun emplacements across the Taiwan Strait and a key airbase serving the Chinese military forces in any conflict over the offshore islands would have been located close to significant population centers, such atomic explosions would have certainly caused civilian casualties on a massive scale. (...)
When Secretary of State John Foster Dulles warned that Japan would object strongly to using nuclear weapons against the Chinese mainland, and forbid the launching of nuclear weapons from their territory, Chief of Naval Operations Admiral Arleigh Burke suggested that the opposition to nuclear weapons in Japan was âinspired by the Communists,â and that foreign leaders would soon recognize that the use of nuclear weapons by the US âwas in their interestsâ.
Burke closed his argument by claiming that if the US did not maintain the threat of tactical nuclear weapons in conflicts, it would âlose the entire world within three years.â That obviously absurd argument suggests that the intense desire among the Joint Chiefs to use nuclear weapons against China was less motivated by any threat from Communist Chinese than by their own institutional interests. (...)
But the White House cited no financial commitments, and there is sharp disagreement among the United States and its allies about how to respond to Chinaâs rising power.
Mr. Biden has made challenging a rising China and a disruptive Russia the centerpiece of a foreign policy designed to build up democracies around the world as a bulwark against spreading authoritarianism. Beijing, for its part, has pointed to the poor U.S. response to the pandemic and divisive American politics â particularly the Jan. 6 riot at the Capitol â as signs that democracy is failing.
Biden seems to have picked up another Trump trick: get other people to pay for your pet projects.
Faced with an urgent competitive threat from China, the Senate is poised to pass the most expansive industrial policy legislation in U.S. history, blowing past partisan divisions over government support for private industry to embrace a nearly quarter-trillion-dollar investment in building up Americaâs manufacturing and technological edge.
The legislation, which is scheduled for a vote on Tuesday afternoon, is expected to pass by a large margin. That alone is a testament to how commercial and military competition with Beijing has become one of the few issues that can unite both political parties.
It is an especially striking shift for Republicans, who are following the lead of former President Donald J. Trump and casting aside what was once their partyâs staunch opposition to government intervention in the economy. Now, both parties are embracing an enormous investment in semiconductor manufacturing, artificial intelligence research, robotics, quantum computing and a range of other technologies.
And while the billâs sponsors are selling it in part as a jobs plan, the debate over its passage has been laced with Cold War references and warnings that a failure to act would leave the United States perilously dependent on its biggest geopolitical adversary.
The CPA (Capitalist Party of America) supports The People's Industries to counter foreign imperialism!
Ms. Fazili said that cabinet departments had embarked on a governmentwide effort âto really diagnose the problems, understand whatâs going on out there in these markets, and see what actions can be taken to close those vulnerabilities.â
As part of the initiative, the Department of Agriculture has allocated more than $4 billion to bolster âa resilient food supply chainâ that would prevent or lessen shortages, she added.
The initiative was bundled with the creation of âtrade strike forceâ targeting China and other countries to push back âon unfair foreign competition, unfair foreign subsidies and other trade practices that have adversely impacted U.S. manufacturing.â
For months, Ding was locked in a 170-square-foot workersâ dormitory near a Chinese smelting facility in Konawe, Indonesia, where he had been assigned to carry out one of his countryâs vaunted âBelt and Roadâ projects.
The 40-year-old native of Chinaâs Henan province, who gave only his surname out of security fears, said a guard kept watch at his door. When the coronavirus ravaged the dorm in November, he developed a 102-degree fever. Still, he could not leave.
Finally, earlier this year, Ding pulled apart the plastic bars on a rear window and climbed out, fleeing on a motorbike driven by a friend. âIt was like I went to hell and back,â he said. âI had no other choice but to escape.ââ¯
Interviews with labor rights advocates and a dozen Chinese workers employed by state-owned companies and subcontractors reflect a pattern of abuse that threatens to undermine Chinaâs ambitious bidâ¯for diplomatic and economic influence, a mission closely tied to the legacy of leader Xi Jinping. Many spoke on the condition of full or partial anonymity, fearing retribution.
New York-based China Labor Watch asserts in a new report that overseas Chinese workers are victims of human trafficking and forced labor. Workers described being held against their will, forced to work while infected with the coronavirus and deceived into working illegally. Their passports were seized, they said, and most had gone months without pay. Some said they were beaten for protesting conditions or forced into âthought training.â
âThe entire Belt and Road initiative is based on forced labor,â said Li Qiang, director of China Labor Watch, whose report was drawn from interviews with workers in six countries. âChinese authorities want the Belt and Road projects for political gain and need to use these workers.â
Richard Falk, professor emeritus of international law at Princeton University, notes, âBiden is very much a creature of Cold War bipartisanship. His comfort zone was established by this western alliance against the Soviet Union and communism. Therefore I was worried during the campaign that (Biden) was going to try to reconstitute bipartisanship in foreign policy while pursuing a more partisan agenda domestically. Thatâs precisely what has happened.â