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Dean Baker — Promoting the TPP as an Anti-China Pact: The Flavor of the Month

Summary:
Since economics won't sell the TPP, the alternative is to make it a geo-political pact, with the main target being China. The NYT goes this route with an article that tweaks Donald Trump for his opposition to the TPP. "Faced with such an enemy, one might imagine the United States would gather allies in a concerted effort to contain China’s mercantilist ambitions. Except that Mr. Trump, in one of his earliest actions, revoked American participation in the Trans-Pacific Partnership, a pact promoted by his predecessor as a means of doing precisely that. He walked away while extracting no discernible benefits from China." Politicizing Sinophobia along with Russophobia, is not only irresponsible and craven. It is also crazy when China and Russia are the two nuclear superpowers that balance

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Since economics won't sell the TPP, the alternative is to make it a geo-political pact, with the main target being China. The NYT goes this route with an article that tweaks Donald Trump for his opposition to the TPP.
"Faced with such an enemy, one might imagine the United States would gather allies in a concerted effort to contain China’s mercantilist ambitions. Except that Mr. Trump, in one of his earliest actions, revoked American participation in the Trans-Pacific Partnership, a pact promoted by his predecessor as a means of doing precisely that. He walked away while extracting no discernible benefits from China."
Politicizing Sinophobia along with Russophobia, is not only irresponsible and craven. It is also crazy when China and Russia are the two nuclear superpowers that balance US power and contest US global hegemony aka world dominance.

WTF is wrong with theses people? Have they never heard of hubris and nemesis?


Beat the Press
Promoting the TPP as an Anti-China Pact: The Flavor of the Month
Dean Baker | Co-director of the Center for Economic and Policy Research in Washington, D.C
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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