In the long term, a connection connection between Taiwan and China will be beneficial. A recent AP article titled "China OK With Strikes" reported that while the Chinese government had previously suppressed strikes they now viewed them as "a way to help restructure China's export driven economy to a more self-sustaining one, driven by ordinary people with more cash to spend." Since trade will not be central to the Chinese economy and wages will be allowed to rise, a formal connection with China makes sense of Taiwan. To keep jobs and industries in China, some degree of protectionism is required. Being a part of that market, Taiwan does not have to worry about tariffs. If China goes toward a consumer-based internal market, its economy, with its large population, has unlimited potential. Western markets are minuscule compared to a developed China market. I am pleased that the the Chinese people have an opportunity for a better life.
It is a recent myth, propagated by investment banks and multinationals, that every nation needs trade for development. Based on Alexander Hamilton's "Report on Manufactures," China is following our "game plan" for the development of an independent national economy, which made us an industrial giant supported by American agriculture. Economic independence is required for national independence. Development occurs behind trade barriers, because infant industries are protected from being buried by products from more developed countries.
As J.A. Hobson, (a former contributor to The Nation) noted in his book Imperialism, trade, among other policies, often leads to Imperial adventures. I read Hobson before I read The Nation! He was required reading in one of my history courses.
Pervis James Casey
Jun 30 2010 - 6:11pm