WASHINGTON—American workers and the U.S. economy have been negatively affected by China's unbridled industrial dumping efforts, which has caused the U.S. to lose its manufacturing base over the past two decades, testimonies from a recent congressional hearing suggested.
"The U.S. economy is in shambles not because we have been consuming too much, but because we have been producing too little,” said Rep. Walter B. Jones, R-N.C., in a speech before the U.S.-China Economic and Security Review Commission Hearing. “A country can only be as rich as the wealth it produces and America must make boosting its production a priority if we are to avoid a prolonged recession or a depression."
Research into China's way of doing business indicates that it dumps cheap government-subsidized manufactured goods on the market, as many Chinese manufacturers hold employees in servitude, paying little or nothing for their labor. Additionally, many products are manufactured in prison camps by China's notorious forced labor for zero cost.
That’s a business model no country can compete with.
Exactly. To compete, we'd have to become monsters like the neo-Communists.
We're letting those monsters screw us with unfair trade practices which utilize crimes against humanity for profit. Yet "progressives" continue to admire the Chinese neo-Communists for their "social order" and "equality" between ordinary citizens. Odd that the "progressives", who hate American business corporations making huge profits, sing the praises of using slaves and political prisoners to make stuff to sell at the local Dollar Store. Also fascinating is that the "progressives" don't care that there are no human rights whatsoever in China and that there's discrimination on the basis of all sorts of things. What's the matter with the "progressive" movement? Are they actually neo-Communists pretending to be something else? (Yes)
"I do not advocate a state-run economy, but the United States will not be able to compete economically with China in the long run unless we come up with a comprehensive policy designed to attract investment to domestic industries subject to global competition," he said.
Well, President Obama and his puppeteers are imposing a state-run economy already...