Paul Craig Roberts: ‘What Globalism Did Was To Transfer The US Economy To China’

Yep – ‘Globalization’ was all a con by failed communist states such as China to steal all of American industry. Now that they have all our industry, China has turned arrogant.

The H-1B industrial spy program is what has enabled this massive theft never before seen in world history.

The amount stole is staggering – hundreds of trillions of dollars in industry. tens of thousands of factories.

Tens of millions of jobs.

If the situation were reverse, and American industrial spies were inside China stealing everything in sight, the Chinese Communist Party would not hesitate to sent its Army in and arrest every foreign worker in an instant.

Why has the US not done the same in America?

Mr. Putin was incorrect – America’s biggest problem is not ‘America itself’ – America’s biggest problem are China, India, and Russia stealing everything we have. It’s that simple.

What should have happened is tariffs should have been put on Chinese-made products of Chinese firms, but not American products made in China – not on all American products produced in China. All that will do is raise prices.

And Mr. Roberts correctly notes the real problem is that US mfg. + engineering itself has been moved out of the US – costing the good jobs and the high tax base that funds the US gov’t:

“In the financial media the question is: Will the Trump tariffs cause a US/world recession that costs Trump his reelection? This is a very stupid question. The US has been in a recession for two or more decades as its manufacturing/industrial/engineering capability has been transferred abroad. The US recession has been very good for the Asian part of the world. Indeed, China owes its faster than expected rise as a world power to the transfer of American jobs, capital, technology, and business know-how to China simply in order that US shareholders could receive capital gains and US executives could receive bonus pay for producing them by lowering labor costs.

How does a country recover when it has given its economy away to a foreign country that it now demonizes as an enemy? What better example is there of a ruling class that is totally incompetent than one that gives its economy bound and gagged to an enemy so that its corporate friends can pocket short-term riches?

The conclusion is that the United States is locked on a path that leads directly to the Third World of 60 years ago. President Trump is helpless to do anything about it.”.

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