CHINA'S TRILLION DOLLAR TRADE SURPLUS....

This is a great polemic about China from someone (like myself from the Durham area in the UK) who nails the key arguments about China. As the world hurtles towards war, China is making itself self sufficient and indispensible. 

'In China, the profits from this manufacturing, rather than being taken by investors and shareholders, have been reinvested in the country. and that has been phenomenal. Many critics, particularly US “experts” claim that it was the USA which enriched China whie China took advantage of them but the opposite is true,they created the conditions and stopped paying attention when they realised that short term profits were more important than long term production, job security, human resources and even maintaining profitability in their own countries, they even went so far as to double down on their own nation’s losses to make corporate gains by offshoring their tax liabilities. THey went further by importing cheap labour some from inmates in State prisons, some illegally and there’s even evidence of enforced slave labour making work for their local populations almost impossible to find at proper salaries.

As a result they hollowed out their own education systems, leaving the best courses only for elites would could pay, suckers who needed loans or international students who bring in massive profits but then take away the skills they’ve learnt. Much of the rest of the country gets substandard education and this is borne out by their own Education Department statistics which tell us that 14% of the country are functionally illiterate and 54% of the citizens can’t read above a Grade 6 level. While this isn’t exactly Third World levels but what’s most worrying is that its a statistic that isn’t improving, it’s getting progressively worse each year

The USA outsourced its polluting industries, it outsourced its labour intensive industries, it outsourced anything and everything it could outsource to cheaper countries in order to maximise profits. China definitely took advantage of that, but instead of enriching a few elites, it invested in roads, ports, infrastructure, education and created the world’s highest qualified workforce, it has the world’s leading automated ports, it builds the most ships in the world - all things which America has done in the past but fails to do now. China didn’t steal anything, the US put it down and China picked it up........If history has taught us anything at all it is that Western imposed values, delivered at the point of guns supplied by Western governments, to corrupt leaders, who have been trained in Western military academies are not the solutions to long term poverty and endemic corruption in third world countries. Investment in education, health, industry and infrastructure, on the other hand most definitely are.



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