The Clinton Herald, Clinton, Iowa

Opinion

November 20, 2013

America is most clearly losing an economic war with China

This is the time of year when many communities set property tax rates. Invariably, taxes are going up and the discussion will turn to lessening the burden by attracting new business — even if it means those businesses from a neighboring community.

As these situations play out every year, our communities fight over a fast-diminishing pool of manufacturers, the scraps of what was once a robust segment of our economy. We’re not alone. It’s happening in nations across the world, and the culprit is the same: China.

For 13 years we’ve been at the losing end of an economic war, one that we have largely refused to fight. Instead we’ve rattled our rhetoric ineffectively as losses have grown. It’s estimated that 57,000 American manufacturers have closed during that time. For many American workers, their final act is boxing up their manufacturing equipment to ship to China.

As of 2011, America is estimated to have lost 2.7 million manufacturing jobs directly to Chinese competition — plus an unknown number of jobs in related sectors.

This economic war began in 2001, after the United States and others championed China’s entry into the World Trade Organization. This allowed China, which had a notorious reputation for unfair trade practices, to trade on par with nations that followed the WTO’s strict policies. It was naively thought that China’s entry would mean it would start following the rules, that its working class would embrace democracy and prosperity, and that other nations would gain equal access to China’s economy.

None of those things happened. In the meantime, China continues its old tricks — subsidizing its private sector to destroy foreign competition, manipulating its currency to give itself a trade advantage, and suppressing workers. It has stolen intellectual property from U.S. companies and bullied American businesses attempting to enter its market. All as it continues to buy up our mounting public debt, furthering our dependence on it.

Meanwhile, our internal bickering is distracting us. President Obama skipped a crucial Asian summit last month, a move widely seen as giving China an advantage in efforts to dominate its Asian neighbors. Instead, Obama stayed home to deal with Congress’ shutdown of the federal government.

It’s up to our federal government to deal with economic threats facing our nation. China is a formidable and predatory force that wants it all.

1
Text Only
Opinion
  • Dangerous Darkies Logo.png Redskins not the only nickname to cause a stir

    Daniel Snyder has come under fire for refusing to change the mascot of his NFL team, the Washington Redskins. The Redskins, however, are far from being the only controversial mascot in sports history.  Here is a sampling of athletic teams from all areas of the sports world that were outside the norm.

    July 29, 2014 3 Photos

  • Off and on the record Let us now praise anonymous sources.The new White House press secretary got into a familiar old spat with the White House press corps the other day over the use of anonymous sources.Josh Earnest — has there ever been a more perfectly named White Hous

    July 25, 2014

  • Be more informed

    Blame the city.That is a favorite pastime of many, including me at times. Driving over that pesky pothole or paying that annual property tax bill can lead to some choice words referencing the city. Nobody takes the brunt of being the scapegoat more t

    July 25, 2014

  • CCC thanks community, collaborators for successful movie night Clinton Community College would like to thank those who participated in the free outdoor movie showing of “Captain America – Winter Soldier” on the evening of Friday, July 18.We are grateful to have such wonderful community collaborators in the Erick

    July 25, 2014

  • Lindley, Tom.jpg Better police needed for college teams enticed to cheat

    The NCAA once cracked down on colleges that went too far luring top prospects, then it targeted teams that lathered players with special treatment. That was until the NCAA's get-tough approach backfired, rendering it ineffective and creating an opportunity for those who want to play dirty.

    July 24, 2014 1 Photo

  • Lindley, Tom.jpg Expectations too high for a rehabbing Woods

    Tiger Woods finished near bottom last weekend at Royal Liverpool, drawing out his drought of major tournament wins. Despite the disappointing showing, Woods' return to form remains a matter of when, not if.

    July 22, 2014 1 Photo

  • Todd Akin's back again to talk of rape So, Todd Akin is back and he’s talking rape again.You remember what happened last time. The would-be Missouri senator torpedoed his campaign two years ago after suggesting in a TV interview that if a woman is a victim of “legitimate rape,” she is unl

    July 22, 2014

  • Sadness remains as two-year mark passes in cousins' case As most citizens of the Cedar Valley are well aware, July 13 marked two years since the disappearance of cousins Elizabeth Collins and Lyric Cook-Morrissey of Evansdale.The passage of time provides some semblance of healing, but the sadness, particul

    July 22, 2014

  • UI needs to keep its admission standards high There’s been a lot of talk lately — most of it coming from the leadership of the Iowa state Board of Regents — about the University of Iowa not being passionate enough about its recruitment of in-state undergraduates. Regent president Bruce Rastetter

    July 21, 2014

  • Vote fraud myths meet voting rights reality Before she was allowed to register and vote for the first time in Franklin County, North Carolina, Rosanell Eaton had to read the entire preamble to the U.S. Constitution out loud in front of three men in the county courthouse.Eaton is black. The thr

    July 21, 2014 1 Story

Poll

With the Clinton County Justice Coordinating Commission and the Clinton County Board of Supervisors discussing proposals to construct a new jail, do you think the time has come for Clinton County to construct such a facility?

Yes
No
     View Results
Facebook