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Richmans' Trade and Taxes Blog
Why is Washington's China rhetoric growing harsher?
Chinese-business advisor Benjamin A. Shobert has an interesting commentary in the Asia Times which discusses the recent escalation of rhetoric in Washington about Chinese mercantilism. After quoting Senators Charles Schumer and Debbie Stebenow and Representatives Sandy Levin and Tim Ryan, he has an excellent insight into the cause of their increasingly harsh rhetoric:
Then he descends into Marxist class warfare rhetoric, giving an alternative explanation:
Shobert was correct with his first explanation. There are union leaders, corporate CEOs, and intellectuals whose idealistic views about China are now being hit over the head with reality. They are starting to realize that China will not stop beggaring-us until forced to do so.
The debate in the United States is not between the working class and the ownership class. The real debate within the United States is between those who see China as they would like it to be, and those who see it as it really is.
Journal of Economic Literature:
Atlantic Economic Journal: