E Is The USA Too Weak To Let China Succeed?

Donald Trump has already misspoke about Apple before, saying plants are being constructed in the USA. Apple has denied starting construction on plants in the USA. 

While all espionage should be taken seriously, economic espionage can be remedied. Thousands of hours of government efforts to undermine trade with China appears to me as being irresponsible. The potential prosperity that the world could share is going to be snuffed out. Investors need to take this turn of events seriously. We already have a housing depression.

POTUS has proposed a government owned 5G network. While China is a threat to free speech and press, apparently our government wants to be more like China, more totalitarian and controlling. Americans should be alarmed. While we don't want to fear China in trade, and Trump fears China, we don't want to become China either.

But Trump has stated a love affair with despots. And this potentially violent and long lasting trade war coupled with Trump's ambitions is a very dangerous situation for the USA and the world. Ronald Reagan said "trust and verify". Donald Trump disdains essential trust among nations.

 

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Disclosure: I have no financial interest in any companies or industries mentioned. I am not an investment counselor nor am I an attorney so my views are not to be considered investment ...

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Gary Anderson 2 months ago Author's comment

I appreciate your wise comments, Trader and Norman. It just smells like war fever. It was established before Trump, but the hope of world cooperation is being destroyed by an arrogant nation with less than 5 percent of the population. I grew up with Ike and JFK. Even Reagan had a hope for world peace. We have never been more arrogant and dangerous as a nation as we are now. Hillary would have pushed this arrogance in another direction perhaps. But we are not acting in our own self interest, imo. We are not striving for a Westphalia peace. We are striving for world domination and fascism.

William K. 2 months ago Member's comment

I would assert that the author has cause and symptom reversed. A decrease in production causes a drop in energy consumption. Machines are switched off because of reduced production requirements. It does not work the other way.

Gary Anderson 2 months ago Author's comment

As long as you have affordable energy that is true. The Bannon/Trump theory is that there is finite energy and we must guard it. They want to guard it by a fascistic separation of cultures. Push the Muslims over there. Push the Chinese over there. Isolate the them. I am wondering when they will add blacks and Jews and Hispanics, and isolate them as well. This is not the America I am familiar with and I hope it goes away soon.

PreferredStockTrader 2 months ago Contributor's comment

I generally agree about your critique of the USA, but it started long before Trump. The U.S. empire now contains over 900 military bases around the world in 70% of the countries. U.S. foreign policy is controlled by the war profiteers who have bought off the politicians and promise and provide cooperative generals with high paying jobs after they leave military service. Obama/Hillary focused on destroying Russia, Syria and Libya while Trump has simply switched focus to Iran, Venezuela and China although the military industrial complex (and their friends in the media and intelligence agencies) will not allow him to better relations with Russia. The U.S. needs to demonize foreign countries to create a justification for a huge military budget when in fact none of these countries are threatening us. As bad as Trump is, it is a mistake to put this all on him. Obama dropped more bombs than Bush and spread the U.S. wars from 2 to several - adding Yemen, Syria, Libya while drone bombing other countries as well. Yes, it seems the U.S. would rather take down the whole world than let countries develop and improve the lives of their people.

Norman Mogil 2 months ago Contributor's comment

Ironically, by putting up a tariff wall discourages efficiency improvement in the US and just opposite effect in forcing China to be more competitive. Making China great?

William K. 2 months ago Member's comment

Indeed! Also, putting up a tariff wall instead of negotiating indicates a lack of ability to consider secondary results of ones actions. As we know, secondary results are usually very important to consider prior to taking action. In this case, the general public suffers while that top 1% seems to benefit, at least for the short term.