Free trade with communist nations will defeat every law we have. In a free market with an unfree nation, we have created a competition of systems, and bad systems will drive out good.
Trade with China has been a factor in American capitalism since the birth of the republic, but only in the 21st century has it become a truly massive driver of American corporate wealth. But a funny thing happened on the way to the bank: The American influencer became the influenced. Trade is a two-way street that is meant to be mutually beneficial, but American trade with China has turned into a trade of our values for their money.
Corporations that we used to think of as American wear that allegiance very lightly these days, if at all. Their executives are happy to keep their headquarters here and live here. They love that our Constitution gives them and their owners secure property rights and that our taxation regime is not as onerous as some places and is fairly predictable. They love that our First Amendment gives them the right to advocate whatever cause is popular this week among their class of bien pensant elites.
But these leaders of woke capitalism aren’t so keen on extending those same rights to ordinary people. Their loyalty is to the dollar, not the flag. They outsource production to China, which is bad enough, but in doing so they sell out more than the individual workers whose factories they shutter. Importing Chinese goods and Chinese profits means importing the values of the Chinese Communist Party. On free speech, consumer protections, workers’ rights, the environment, and more, our open trade with China has rendered our laws null and replaced them with the dictates of a hostile, totalitarian state.
Whatever You Say, Say Nothing
The most recent example of American business leaders kowtowing to Chinese Communist Party Chairman Xi Jinping is seen in the way the National Basketball Association cracked down on dissent from one of its employees. The situation is benign enough by American standards: Houston Rockets general manager Daryl Morey tweeted a message of support for the pro-democracy protesters in Hong Kong — just another American praising democracy and peaceful protest.
But support for democracy is far from harmless in the eyes of the Chinese Communist Party. Word got back to the NBA that dissent from the party line was unacceptable for any corporation that wants to do business with them. Morey’s tweet disappeared, and the league issued a groveling apology.
It wasn’t quick enough, though. The Rockets have been a popular team in the People’s Republic since they drafted Chinese superstar Yao Ming in 2002, but those relationships soon crumbled under the weight of an uncensored thought. Some sources reported that the Rockets even considered firing Morey for his thoughtcrime. In China, the Rockets are already being...
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when you deficit spend, be careful that you know who it is that is loaning you the cash to spend. Interest on the loan of trillions of dollars in loans is more than the principle, it's also your principles.
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