Who to blame for Allentown, USA, and Chicago?
The Chicago Tribune article titled, Barr: US Too Reliant on Goods from China, reported that the USA Attorney Justice is accusing China of pressuring American corporate leaders to promote policies favorable to the Communist government.
The Purpose of This Post
Is to relate and ancient proverb to access the question who to blame for the words in a 1982 song written 38 years ago, CEO’s or politicians. In other words which became the first to “run afoul of Federal Lobbing Laws if they do not disclose relationships with China?
When you sit to dine with a ruler,
note well what[a] is before you,
2 and put a knife to your throat
if you are given to gluttony.
3 Do not crave his delicacies,
for that food is deceptive.(Proverbs 23:1-3)
What’s My Point?
When President Nixon visited China in 1972 to sit and eat with a Communist leader, the visit was heralded in the news as a gesture to normalize relations with the Korean war adversary. It led in later administrations to use economic relationships instead of war which then led over the next four decades of the USA outsourcing manufacturing jobs and become dependent on China for basic goods and services.
For example, China supplies 90 percent of PPE supplies still in critical shortage to protect doctors and nurses treating COVID patients in hospitals.
My point is who should be blamed for being subjected the present state of affairs the USA both dependent for basic goods and services and both corporate and government leaders being subjected to Chinese influence to serve their economic interest over USA economic interests.
In My Opinion
The blame falls squarely on politicians guided by economic advisors who sold them on failed economics folly of globalism as the means to end wars, and at the same time become dependent on other nations instead of independent as envisioned by USA founders.
What they failed to understand is once greed of capitalism profits became tasted by corporations and the profits derived from buying an item manufactured in a foreign country sweatshop and then selling the item for a sizable profit in the USA would only increase the appetite of a Corporation.
Frankly, not all Corporations wanted to outsource their manufacturing. Many, but were forced into doing the same as their competitors who did and sold products at a less cost. They were forced to do the same or go out of business.
The answer to solve the problem was to balance trade as recommended in 2003 to Congress by Warren Buffet.
However, Congressional politicians failed to listen to Warren.
Why is either they had no business experience, same as President Trump, and were sold on globalism by economic theorists.
Or, perhaps some were being lobbied by China, or preferred to listen to the Corporations profiteers who were large donators donated to their election campaign.
Read the Source Links Below
Which would you consider to be responsible for sitting down to eat with China and became gluttons?
Who will you trust to vote for in 2020 for President, Biden who had ties to China and son who profited from Ukraine under the Obama administration, or President Trump who has been trying to resolve the trade imbalances?
Billy Joel, perhaps you need to either revive your 1982 song or write a new one about sitting down to eat and becoming a glutton, then throwing the scraps left on the table to the American workers who lost their manufacturing jobs
Sadly, many are the Black workers who migrated from the South to the North and are now shooting each other in Chicago to protect their jobs selling drugs in their neighborhoods.
Regards and Goodwill blogging.
Chicago Tribune July 17, 2020 – Star Tribune July 16, 2020
Billy Joel Verses – Allentown
Warren Buffet – 2003
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Biden Family Profiting
President Nixon Visit to China – History
Bible hub Commentaries Proverbs 23