The thing American politicians like about a free market is that it allows them to be lazy. The 2013 Congress has even been dubbed “the do nothing Congress” by the media. Republicans and Democrats alike can blame economic problems on the market being “cyclical,” going through “ups and downs,” or “evening out.” There has also been a lot of finger-pointing on both sides of the aisle. This is all simply nonsense: the real problem we face is a lack of leadership–a lack of planning.
Tag Archives: China
Our political leaders often deemphasize the downturn in American manufacturing by touting a focus on areas such as new, high tech manufacturing and alternative energy, but it appears China has the same goals and is taking targeted steps to meet them.
Many countries in the Middle East have become wealthy on the back of the world’s thirst for oil. With finite supplies of oil, this can only continue for so long before the world has to move on to a different source of energy. With oil already seeing high prices, the race to develop a viable alternative has begun, and the United States is already losing.
The story of honey in the U.S. is emblematic of the larger problem of food imports. It is a tale replete with reminders of how unfair competition can hurt America, and lessons on what to do and what not to do about it. For years the Chinese dumped tons of honey on U.S. markets. Dumping is a practice whereby, with the help of their foreign government’s state subsidies, producers in one market can sell their goods at below cost in another market and still make a profit. It is rightly considered an unfair trade practice, but this does not stop the Chinese.