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C K Voltair – Yellow Peril, Sinophobia and Red Scare – USA is on a Dangerous Path

Summary:
Anyone who's remotely pro-China on social media is vilified as a Chinese bot or a "Wumao" - a person who supposedly works for 50 cents/hour to spread Chinese propaganda. Let's take a look at some illogical American talking points used in the smear campaign against China:"China is going to collapse soon!"If Americans really believed this, they would sit back, smile and ignore China."China is going to take over the world!"This paranoid warning usually follows the delusional, "China will collapse" claim. Make up your mind!"Our free market is the best and China is communist!"Americans conveniently forget that the US government subsidizes farmers, Big Pharma and the military-industrial-complex with hundreds of billions of dollars annually. Also, when developing nations subsidize Western

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Anyone who's remotely pro-China on social media is vilified as a Chinese bot or a "Wumao" - a person who supposedly works for 50 cents/hour to spread Chinese propaganda.


 Let's take a look at some illogical American talking points used in the smear campaign against China:

"China is going to collapse soon!"

If Americans really believed this, they would sit back, smile and ignore China.

"China is going to take over the world!"

This paranoid warning usually follows the delusional, "China will collapse" claim. Make up your mind!

"Our free market is the best and China is communist!"

Americans conveniently forget that the US government subsidizes farmers, Big Pharma and the military-industrial-complex with hundreds of billions of dollars annually. Also, when developing nations subsidize Western corporations, it's applauded as smart business; but when developing nations help their domestic firms, it's vilified as socialism or communism.


What's even more interesting is that China now has more publicly traded companies than the US! There's more competition in "communist" China than in the "capitalist" US. For example, the US has one smartphone company (Apple), while China has Huawei, Xiaomi, Oppo, Vivo, ZTE, OnePlus, Transsion, etc.


Finally, comparing the economic growth of the US and China over the last four decades, no one can reasonably say that the US is superior to the China model:


C K Voltair - Yellow Peril, Sinophobia and Red Scare - USA is on a Dangerous Path#


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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