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American Naiveté
PREFACE American Naiveté The United States trade gap with China jumped 17 percent in 1996 to $39.5 billion, the worst showing for any country other than Japan. It marked the 11th strait annual increase in the deficit with China and analysts believe this trend will result in the deficit with China surpassing the imbalance with Japan probably this year. Fundamental macroeconomics informs us that China’s trade surplus, created by virtue of its cheap labor, will directly support its plans to obtain the (Western) technology in aerospace and telecommunications and will aid the development of its infrastructure and industries required to become a major economic and military power. My fear is that China’s growth and increasing power on the world scene bodes ill for the United States and the Western world in general, to say nothing of its Asian neighbors on whom it continues to make territorial claims. The economic and military future of China ultimately lies in the hands of an anti-democratic, authoritarian government whose military establishment plays a key role in deciding the political and economic future of the world’s most populous nation. Allow me to cite William Safire in his NY Times op-ed column of February 13, 1997: "The corrupt capitalist offspring of China’s aging Communist rulers -- were gratified last February [1996] when one of their notorious members bought his way into a ‘coffee’ chat with the President of the United States. "Wang Jun’s triumph, arranged by the DNC [Democratic National Committee], through a Clinton friend, Charles Yah Lin Trie, was made possible by a lapse of security among money hungry Clintonites, who soon received $690,000 from [Chinese] sponsors. "The F.B.I suspects Wang, son of a Long March hero, of trying to run 2,000 AK-47 automatic weapons into the hands of street gangs in the U.S.; Wang is known to be a middleman in purchases by the Chinese Army of missiles from Rus... Please login to view comments from other users.
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