Web Letters | The Nation

Web Letter

Thank you, Chris Hayes. Who is the idiot or idiots that invented that most stupid of all ideas that earning a living was some kind of competition like a game? All games are a zero-sum experience, and while our billionaires and government give us cute little platitudes and phrases like " protectionism is a cardinal sin" and BS about competing for jobs that pay subhuman wages, we can watch in awe the kabuki dance of Wall Street and Congress. We used to owe our souls to the company store, now we owe our souls and future to China.

James L. Pinette

Caribou, ME

Nov 22 2009 - 11:06pm

Web Letter

The basic problem for the Chinese is "free trade," as there is no American or Western market without "protectionism." The jobs of ordinary people support 70 percent of the American market and 60 percent of the "developed" Western European market. Without those jobs, there are no markets. When those jobs, along with their supporting industries, were outsourced to China or points South, the American market went with them. A similar process is at work in Europe.

Factories devoted to foreign trade have already closed in China and Japan. If China and Japan continues to rely on foreign trade, more factories will be closed. High unemployment in China will seriously affect "social harmony."

China needs to develop an independent national economy, and turn ordinary Chinese workers into a consumer class with higher wages. Ten percent growth would only be the beginning. China is already practicing protectionism. Protectionism is the road to development and not "free trade"!

This is how we developed the American market, and it is the only way the market will come back. China will lose the money it has invested in America, if "free trade" continues.

Pervis James Casey

Riverside, CA

Nov 19 2009 - 6:07pm