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Navarro's new book "Death by China"
Howard Richman, 5/23/2011

Peter Navarro is one of our country's foremost economists, and he happens to agree with us! I'll get my father to review his new book with Greg Autry, Death by China: It's Not China Bashing if it's True, as soon as we get a copy. One chapter is online now and it looks like it is well worth reading. Here is a selection:

On this economic front, China's perverse brand of Communist-style "State Capitalism" has totally shredded the principles of both free markets and free trade. In their stead, China's state-backed "national champions" have deployed a potent mix of mercantilist and protectionist weapons to pick off America's industries job by job and one by one.

China's "weapons of job destruction" include massive illegal export subsidies, the rampant counterfeiting of U.S. intellectual property, pitifully lax environmental protections, and the pervasive use of slave labor. The centerpiece of Chinese mercantilism is, however, a shamelessly manipulated currency that heavily taxes U.S. manufacturers, extravagantly stimulates Chinese exports, and has led to a ticking time bomb U.S.–China trade deficit close to a billion dollars a day.

Meanwhile, the "entry fee" for any American company wishing to scale China's "Great Walls of protectionism" and sell into local markets is not just to surrender its technology to Chinese partners. American companies must also move research and development facilities to China, thereby exporting the "mother's milk" of future U.S. job creation to a hostile competitor.

It's a scandal that the United States government has let this go on so long. America's best economists are only just beginning to open their eyes to reality. But we are still the only ones who have come up with a WTO-compatible solution: the scaled tariff.

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Comment by Howard Richman, 5/26/2011:

Whoops! I got the subtitle wrong. The book is called:

Death by China: Confronting the Dragon - A Global Call to Action, NY

It is published by Pearson Prentice Hall.


Comment by Denis Chung, 6/9/2011:

I recommend this book to all Americans and to everyone in the world.this is an eyes opening facts for the people who don't know how tricky the Chinese mentality of their ruthless expansionism, evil empire to all over the world.

Response to this comment by Huy Qoang, 6/26/2011:
The American must open their eyes ( including US Governement ) otherwise too late, must buy American made  products, no China foods and  whatever !!! They  (China) buying all Iron ores and coal  etc.. from all over the world t make weapons, Ships , missile  ...to conquer the world, they start WW III.




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