Friday, May 6, 2011

Protecting The Chinese Merchantilist Regime

Hugh Hewitt recently announced that the primary responsibility was the protection of the Chinese export regime. (Sorry, he did not bother to transcript this broadcast.) He calls it free trade. Of course there is nothing free about it. It is the traditional merchantilist policy from the 18th Century. The curious part is why Hewitt is so desperate to protect the Chinese Regime? China is not participating in free trade. It closely regulates the importation of any product. It taxes and regulates imports. There is no free trade with China. It is not similar to the free trade agreements with Columbia or Panama. Closer to the not-so-free-trade agreement with Korea, where Korea continues to protect its industry from competition, which is the essence of free trade, competition. The concern with China's merchantalist policy is connected with Donald Trump's attack on China and its trading policy. Basically, The Donald has for whatever reason taken up the China trade issue. But the truth of the matter, aside from Hewitt's Mormonphilia (what do you expect from a lapst Catholic, they will believe anything), is who runs this country, China's bitches, or someone who will stand up to its merchantilist policies, regardless of that person's motivation. I don't expect The Donald to continue to fight Chinese merchantilism. He has his own agenda. But the real question is why does Hugh Hewitt serve Chinese masters? No person of intelligence believes that China practices free trade. No intelligent person believes that China wants free trade. The question is why does Hewitt so slavishly follow China's merchantilist policy. There is no respectable reason to kowtow to the Red Regime in Beijing. China is well known for its policy of exports only, not free trade. China wants to dominate manufacturing for the whole world. But it can only do that by a policy of prohibiting imports and dominating exports with a production cost advantage with very cheap labor dependent on legally intimidated workers and an import regime illegally requiring the transfer of trade secrets. Nothing free about that trade. And why does Hewitt submit himself and the Republican Party to this managed trade regime of China?

Hewitt is a major investor in Apple, so perhaps that explains his commitment to the Chinese export regime.

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