Say what you want about trade deficits, national debt, sovereignty, financial markets, the U.S. dollar, executive authority, etc. There are a variety of good-faith opinions about how to structure the trade practices that would put the United States in the best position to succeed in the near and long term.
However, the future of America’s relationship with China must be based on reality before ideology. China is, in fact, “ripping us off” six ways from Sunday. For decades, the Chinese Communist Party (CCP), despite how one may feel about its core political ideology, has not operated in good faith in its relationship with the United States, choosing to commit blatant fraud, outright cheating, and routine deception.
I’ve been one of those annoying people on social media this week insisting that, yes, the stock market is indeed a significant component of the U.S. economy, despite the claims of some over-reminiscent protectionist maximalists in government and the media. I’ve come to the defense of the free market advocates who rightly point out that shocking the markets too ferociously will result in negative consequences for Americans.
However, when it comes to China, Wall Street cannot be allowed to dictate the terms of America’s relationship with the CCP. They are too fixated on quarterly reports and short-term interests to support a long-term pivot away from China and towards America’s allies abroad. Moreover, too many Wall Street firms and banks have been corrupted by Beijing’s influence, and they don’t have the independence to act in America’s best interests in a way that the White House can in this situation.
Beyond its promotion and advancement of domestic and global tyranny, the CCP steals, lies, and cheats, and it refuses to reform.
Hellbound and Down 