Since When Did We Become Afraid Of A Little Competition? |
| Published: September 5, 2007, 5:42 pm |
| Tags: domestic issues politics nanny state cultural marxism international scene economy |
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Zachary Karabell, writing in the Wall Street Journal: The recent outcry over poisonous pet food and the recall of lead-tainted toys sourced by Mattel in China proves one thing: We have a China problem. It is not, however, a China problem in the way most people think. It is not a problem with safety standards that threaten our children and our pets. It is a problem with the very fact of China as an emerging force on the global economic stage, and it underscores a profound and worrying trend in American political and economic life. For half a century we fought for the creation of a global capitalist system. Now that we have one, we seem to have forgotten one little thing: Capitalism means competition, and we are acting like we can’t handle it. I hear so many people complain about China and our trade with that nation, but what so few realize is just how good that trade is both for our country and for China. For us, we get a ready supply of cheaply-manufactured goods that save [ Full article ] |
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