Letters and Politics, for July 11, 2012 - 10:00am
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Exploring China & US economic interests in South East Asia with Ann Lee, professor of Finance at NYU and author of the book What the US Can Learn from China.
Remembering US secret bombing of Laos with Tom Hayden.
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Comments
I love your show Letters and Politics. Professor Lee take on things lacked a lot of intellectual rigor though, very Pollyanna what the USA can learn from China.
China's rise is primarily due to US corporations moving capital to China, building factories and then shipping the goods back into the US with very low tariffs.
The US corporations did this to capitalize on the very low salaries of the Chinese workers and lax environmental codes.
This gave China surplus of dollars which they need to spend as they need raw materials for their industrial economy.
The US in a schizophrenic way is trying to encircle China, and push them out of Africa, while at the same time empowering China through direct investment in China and giving China access to the US market.
In the end where the Professor Lee closed on Confucian values was just ridiculous. China is a very hierarchical society as is the US China is a rising super power and the US is a super power both can be extremely ruthless.