tag:blogger.com,1999:blog-6276561747841568697.post2140047238081391485..comments2024-03-27T05:23:48.855-04:00Comments on Krugman-in-Wonderland: Captain Ahab Krugman and the Great Yellow WhaleWilliam L. Andersonhttp://www.blogger.com/profile/01802990642236807359noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-6276561747841568697.post-40721178832903168472010-10-21T17:06:44.302-04:002010-10-21T17:06:44.302-04:00no, please don't attack China!
But there is a...no, please don't attack China!<br /><br />But there is a valid issue raised, when it comes to State interference in business. You say,<br />"we should not be surprised that the Chinese have managed to undercut what once was a profitable industry in the USA."<br />But how do we know it is profitable in China? How would we know? China could be stockpiling what it knows is an essential resource so it can bully other countries that need it. I can't think of an example where America, for all its trade restrictions, does that.<br /><br />It wouldn't be the first time that state-owned enterprises have used their wealth to force private companies out of business for strategic political reasons, as the Canadians have just found out with the Emirates airline.Tim Johnstonhttps://www.blogger.com/profile/02470464053181422637noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-71763857409349600682010-10-19T08:45:51.936-04:002010-10-19T08:45:51.936-04:00But what does the U.S. Government have in the way ...But what does the U.S. Government have in the way of "muscles" to flex? Do we attack the Chinese militarily? We can't even beat ragtag Taliban in Afghanistan. In 1950, our armed forces were unable to withstand a human wave charge by Chinese in North Korea.<br /><br />(A veteran of that campaign told me that a number of Chinese soldiers didn't even have rifles. He said that the U.S. forces were overwhelmed by sheer numbers of bodies.)<br /><br />Furthermore, this notion that the USA is a "good guy" in world trade is nonsense. Our government has trade barriers, export subsidies, and uses outright strong-arm tactics. Furthermore, we are pretty much demanding that the rest of the world buy our debt, which this government is repudiating via inflation.<br /><br />Don't think that the Chinese or people elsewhere are stupid. They see what is going on, even if our political leaders tell us that up is down.William L. Andersonhttps://www.blogger.com/profile/01802990642236807359noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-61184441963466263162010-10-19T02:48:02.141-04:002010-10-19T02:48:02.141-04:00" but his criticism of China is, in this in..." but his criticism of China is, in this instance, accurate in at least one respect - the government (of any country) should not be flexing its muscles to interrupt trade in that way. "<br /><br />But what is wrong is the objective of his criticism - that the US government should have flexed its muscles long ago to prevent this situation and that given that it has not done so, it should at least do so now.Balanoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-35613341612641289512010-10-19T00:57:35.263-04:002010-10-19T00:57:35.263-04:00"Mugabe is a stupid old man, hardly someone w..."Mugabe is a stupid old man, hardly someone who deserves particular international censure. "<br /><br />Tell that to the thousands he has starved and murdered, and the three million plus refugees who now live in South Africa!<br /><br />I rarely agree with Krugman, but his criticism of China is, in this instance, accurate in at least one respect - the government (of any country) should not be flexing its muscles to interrupt trade in that way.Tim Johnstonhttps://www.blogger.com/profile/02470464053181422637noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-72464313310040721082010-10-19T00:38:07.389-04:002010-10-19T00:38:07.389-04:00Krugman is just building up the tempo to ultimatel...Krugman is just building up the tempo to ultimately call for war, trade and military. After all, WW II got us out of the Great Depression, right?Balanoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-84312821201901135712010-10-18T23:52:01.417-04:002010-10-18T23:52:01.417-04:00Once again Dr. A critique of Krugman is spot on. ...Once again Dr. A critique of Krugman is spot on. When I read the column this morning, I could not believe that for a man who won the Nobel Prize on world trade and certain countries being able to specialize in trading materials cause it may be cheaper to do would bash China for doing the same thing. Krugman indeed has a China fetish, along with his colleague Thomas Friedman.James E. Millernoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-34979179090595955242010-10-18T18:42:05.862-04:002010-10-18T18:42:05.862-04:00it has a long way to go yet. Then the US has a muc...<i> it has a long way to go yet.</i> Then the US has a much longer way to go. China is a much better international citizen the US. <br />Usually China relates to other nations on a good old fashioned capitalistic basis of mutual benefit. Mugabe is a stupid old man, hardly someone who deserves particular international censure. <br /><br />Foremost, China does not start wars all over the world for no reason at all - actually just to give a bloated parasitic military industrial complex something to do and justify its worthless existence. The US could do worse than taking China as its role model. :)Another Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-90016151692755916812010-10-18T17:47:39.690-04:002010-10-18T17:47:39.690-04:00China's role is positive?
China is the ringlea...China's role is positive?<br />China is the ringleader of the 'climate change' shakedown, acting as spokesman for the 'developing world'.<br /><br />China has not invaded any African countries - yet - although it demands concessions from them in return for having "liberated" them in the past by supplying weapons. The likes of Robert Mugabe dodge censure for their actions by turning to China for support.<br /><br />China's greater participation in world trade and its increasing openness are to be applauded and encouraged, but it has a long way to go yet.Tim Johnstonhttps://www.blogger.com/profile/02470464053181422637noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-15212757531386764612010-10-18T16:33:22.267-04:002010-10-18T16:33:22.267-04:00In agreement with Professor A here. Free trade is...In agreement with Professor A here. Free trade is the way to go. If rare earths were utterly essential, then it makes sense to subsidize the capacity to mine them, or have government stockpiles. This is the same point that no matter how cheap food it is to buy food elsewhere, a nation is crazy to not preserve the capacity to feed itself. <br /><br /><i> China's increasingly assertive role in world politics, a role which is being paid for by U.S. consumers</i><br /><br />China's increasingly assertive role is usually positive - often being a roadblock to the US's endless rampages of homicidal psychosis and deranged threats. And it is emphatically being paid for the old fashioned way - by the hard work of its huge population - not by the American consumer.Another Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-87192375361663934112010-10-18T15:45:54.708-04:002010-10-18T15:45:54.708-04:00instead China just executes all its criminals. Is...instead China just executes all its criminals. Is that what you are advocating the US do so its incarcation rates look lower? <br /><br />http://en.wikipedia.org/wiki/Capital_punishment_in_the_People's_Republic_of_ChinaAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-67878580347317041672010-10-18T15:01:35.392-04:002010-10-18T15:01:35.392-04:00- That should be "you're", darnit.- That should be "you're", darnit.Tim Johnstonhttps://www.blogger.com/profile/02470464053181422637noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-89238263283141284182010-10-18T15:00:47.477-04:002010-10-18T15:00:47.477-04:00Your not worried at all about China, Professor?
Ha...Your not worried at all about China, Professor?<br />Having lived in Africa I can tell you that China is engaged in plenty of nation-building on that continent, as well as taking steps to secure resources for itself. It also has Burma as a client state for the same reason.<br />While I don't argue that China is trying to 'take over the world' as you put it, people in the West ought to have some concerns about China's increasingly assertive role in world politics, a role which is being paid for by U.S. consumers.Tim Johnstonhttps://www.blogger.com/profile/02470464053181422637noreply@blogger.com