The Stanly News and Press (Albemarle, NC)

Z_CNHI News Service

November 15, 2013

EDITORIALS: Economic war with China; Ban on trans fats

America losing an economic war with China

(The Daily News of Newburyport, Mass.)

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.

Text Only
Z_CNHI News Service
  • Church's denied request for National Guard visit draws national attention

    A Missouri church finds itself in the middle of a media storm after the Missouri National Guard, citing short notice and time constraints, was not able to fulfill a request last week to appear at the church’s vacation Bible school.

    August 1, 2014

  • taylor.armerding.jpg Impeachment arms Democrats, doesn't end the Obama disaster

    Republicans may have grounds to impeach President Barack Obama but they would be daft to pursue a case they cannot win in a Senate controlled by Democrats. Impeachment would only drive the Democrats' fundraising and potentially squander the GOP's best opportunity in years to capture both houses of Congress then, in two years, the White House.

    August 1, 2014 1 Photo

  • Survey results in legislation to battle sexual assault on campus

    Missouri U.S. Sen. Claire McCaskill joined a bipartisan group of senators Wednesday to announce legislation that aims to reduce the number of sexual assaults on college campuses.

    July 30, 2014

  • An alarming threat to airlines that no one's talking about

    It's been an abysmal year for the flying public. Planes have crashed in bad weather, disappeared over the Indian Ocean and tragically crossed paths with anti-aircraft missiles over Ukraine.

    July 30, 2014

  • Sharknado.jpg Sharknado 2 set to attack viewers tonight

    In the face of another "Sharknado" TV movie (the even-more-inane "Sharknado 2: The Second One," premiering Wednesday night on Syfy), there isn't much for a critic to say except to echo what the characters themselves so frequently scream when confronted by a great white shark spinning toward them in a funnel cloud:
    "LOOK OUT!!"

    July 30, 2014 1 Photo

  • 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 28, 2014 3 Photos

  • taylor.armerding.jpg Inequality crisis shot with factual problems, hypocrisy

    President Obama, various media and political liberals say inequality, of all things, is the defining issue of our times. Yet this message is delivered by multimillionaires and a president who jets from tee time to stump speech on the taxpayer's dime.
     

    July 25, 2014 1 Photo

  • Has the ipad lost its swag?

    July 24, 2014

  • 072214 Diamond Llama 1.jpg Llama on the loose corralled in Missouri town

    A llama on the lam cruised Main Street Tuesday before it mistook a resident’s fenced backyard for a place to grab a meal and freshen up.

    July 22, 2014 2 Photos

  • taylor.armerding.jpg Zamperini, the Olympian and POW, was a hero because of his faith

    Louis Zamperini collected many accolades as an Olympic distance runner and brave bombardier who spent a month adrift at sea and two years in a Japanese prisoner of war camp. But faith and forgiveness are what truly distinguished him.

    July 18, 2014 1 Photo

House Ads
Featured Comment
Facebook
Twitter Updates
Seasonal Content
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide