2021 Mar 21, 8:16am
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For three decades, Washington and Wall Street integrated our economy with China’s. Meanwhile, the Chinese Communist Party perpetrated a devastating trade war against our nation. Through systemic cheating, theft, and espionage, China destroyed millions of American jobs and gained a dominant position in the manufacture of advanced technology and essential supplies. Our economies are now dangerously entwined, and the United States continues to fuel the growth of our greatest adversary. This must end. The United States must decouple our economy from China’s where we are vulnerable, retaliate against Chinese abuses, and rebuild America’s economic might, especially in essential supplies and high-tech manufacturing.The CCP uses America’s preferential trade treatment to wage a campaign of economic aggression. To confront this threat, the United States should rescind Permanent Normal Trade Relations (PNTR) with China. Ending PNTR would require Congress and the president to review China’s Most Favored Nation (MFN) status annually. This would allow the U.S. government to restrict China’s access to the U.S. market on an annual basis, should it continue its assault on our companies and workers. A criminal regime that steals hundreds of billions of dollars of intellectual property a year, manipulates its currency, and dumps subsidized products worldwide does not deserve the certainty of preferential trade treatment.Next, we ought to sever China’s information pipeline for stolen intellectual property from American colleges and universities. China commits up to 80 percent of international intellectual-property theft and is the subject of nearly half of all FBI counterintelligence cases for economic espionage. Much of this malign activity occurs on American campuses and in American labs and research institutions. Yet in 2018–19, approximately 370,000 Chinese students were allowed to study in the United States — half of whom were enrolled in STEM courses. ...We must also terminate our reliance on China for essential supplies such as rare-earth elements, pharmaceuticals, and personal-protective equipment (PPE). China supplies 80 percent of America’s rare-earth imports — which are essential for high-tech manufacturing — and processes 85 percent of the world’s supply of rare-earth elements. China has used its leverage on rare-earth elements to extort concessions out of Japan and is now looking to curb rare-earth exports required for U.S. manufacturing of the F-35. Early in the COVID-19 pandemic, China placed similar export curbs on pharmaceutical products and PPE. This strategic weakness must be quickly eliminated, and the production of essential products ought to be re-shored through Buy American requirements, tax incentives, and large-scale stockpiling.U.S. investment has subsidized the rise of China for 30 years. While we currently screen inbound investment from China, we lack a similar process for outbound U.S. capital. We should implement a strenuous review process to prevent U.S. investment in Chinese strategic industries and should prevent U.S. companies from using third parties to funnel money into China. Similarly, expansive export controls should be placed on advanced U.S. artificial intelligence, 5G telecommunications technology, and semi-conductors bound for China. Export controls would prevent China from pioneering and dominating these critical technologies of the future. The technology of tomorrow cannot be stamped with the words “Made in China.”These actions and others, detailed in my report, would successfully decouple the U.S. and Chinese economies in a targeted fashion. China is not like the Soviet Union — its power primarily emanates from its economic might and financial exploitation, not the extent of its nuclear arsenal or size of its tank divisions. This Evil Empire relies on our generosity, openness, and naïveté — and may crumble without it.
Trump or similar in 2024, if we are still free to vote.
We're not in a democratic republic. This is a fascist oligarchical dictatorship.
richwicks saysWe're not in a democratic republic. This is a fascist oligarchical dictatorship.And the MSM narrative was that TRUMP wanted to be dictator...
HeadSet saysTrump or similar in 2024, if we are still free to vote.Haha!No we aren't!Do you really think a senile old hair sniffing pervert, corrupt one at that, was ACTUALLY elected? You really believe he's the most popular presidential candidate in history? A fuck that couldn't get 50 people to show up to a campaign event? An asshole that got DEMOLISHED in the 1988 primaries because he was a serial liar that shamelessly plagiarized from other politician's speeches? An asshole that defended his vote to go to war with Iraq over a non existent weapons of mass destruction program which he defended right into the Obama administration?We don't have a vote.We'll have a vote, as soon as there is a revolution - and not before.I'm tired of people being naive and gullible at this point. Biden wasn't elected. If he was actually elected, there wouldn't have ha...
Joe Biden did not win this election.
Stop calling it the MSM, identify it either as the "Legacy media" or simply "US propaganda".
To win we have to reverse the cancer culture changes of the last decades. Go back to meritocracy and stop promoting failure just to protect the emotionally unstable. Change our immigration law to only accept the brightest of the world instead of ditch digger overflow. Adopt one unified language English to to help with unity among different groups. Dump all the bullshit in college degrees to focus more on science and engineering, if you want liberal arts degrees pay out of pocket for it, college should be hard and not just for the weak to go do time like another four years of high school. Start raising taxes through tarrifs instead of employment income until trade balance.
richwicks saysStop calling it the MSM, identify it either as the "Legacy media" or simply "US propaganda".PRAVDA
Pravda is like reading the UK's "Sun".
richwicks saysPravda is like reading the UK's "Sun".But without a "Page 3" girl.
HeadSet saysrichwicks saysPravda is like reading the UK's "Sun".But without a "Page 3" girl.The will have trannies there soon. If not already.
To win we have to reverse the cancer culture changes of the last decades.
RINOs are the controlled opposition.
corporate propaganda, this term will hurt leftie's feelings
For three decades, Washington and Wall Street integrated our economy with China’s.
Anyways, I don't believe Biden & company will fix this situation.
Around 2016, the United States and Canada reported a dramatic increase in shipment of carfentanil and other strong opioid drugs to customers in North America from Chinese chemical supply firms. In June 2016 the Royal Canadian Mounted Police seized one kilogram of carfentanil shipped from China in a box labeled "printer accessories". According to the Canada Border Services Agency, the shipment contained 50 million lethal doses of the drug, more than enough to annihilate the entire population of the country, in containers labeled as toner cartridges for Hewlett-Packard LaserJet printers.Carfentanil was not a controlled substance in China until 1 March 2017, and until then was manufactured legally and sold openly over the Internet, actively marketed by several Chinese chemical companies.
There needs to be trials, and executions, for treason.