Free Market Illusions: What is the US’ Endgame in China?
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On May 25, the Chairman of the US House of Representatives Foreign Affairs Committee, Gregory Meeks, introduced the 470-page Bill, entitled, “Ensuring American Global Leadership and Engagement Act.” This EAGLE Act “addresses a range of issues, including increased investment to promote U.S. manufacturing, trade, work with allies and partners, re-engagement in international organizations and recognition of the treatment of China’s Uyghur Muslim minority as genocide,” Reuters reported.
The Bill advanced after a Senate vote two days later, and is expected, once finalized and signed into law, to serve as the legal and political foundation of Biden’s economic war on China. Like previous administrations, Biden’s is motivated by the Chicago Boys’ mentality, i.e. free market that suits the interests of the US and economic war when this ‘free market’ deviates from its ultimate goal.
One of the most baffling aspects of the US-Chinese economic war is that both countries are similar in terms of economic ambitions. In some ways, the Chinese copied various aspects of the American economic model of yesteryears. China is a capitalist country though it is managed by a ‘Communist Party’. The Party’s intervention in the economy, though it uses unique ideological justification and political discourse, is similar to the US government’s management of the US economy, especially during times of crisis, for example, the 2008 recession.
This ‘conflict’ is hardly motivated by an ideology or human rights violations, but by the fact that China’s economy continues to soar, thus increasing its share of the global economic largesse. With an 18.3% growth in the first quarter of 2021 – the biggest jump in GDP since 1992 – the Chinese momentum is eclipsing the performance of the US economy and its European allies. With economic power, political influence follows, with China now hoping to rearrange global alliances, not just in Asia, Africa and South America, but also in Europe.
Jesus: Hey, Dad? God: Yes, Son? Jesus: Western civilization followed me home. Can I keep it? God: Certainly not! And put it down this minute--you don't know where it's been! Tom Robbins in Another Roadside Attraction
June 9, 2021 at 12:09 PM #428513soryangParticipant
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I think its pretty clear. In the meantime, the US is trying to protect and expand its markets in Asia. The forced labor allegation in Xinjiang province is an effort to embargo Chinese cotton exports to protect US cotton producers. The US South China Sea so called “freedom of navigation” naval operations are an attempt to bootstrap the US onto riparian state competing EEZ claims to undersea fossil fuel resources there. Separatist campaigns in Tibet and Hong Kong supported by western intelligence agencies, media, and NGOs are aimed at breaking up China aka divide and conquer. Expansion of the Quad to some sort of Asian NATO dominated by the US is clearly aimed at war with China and increased US weapons sales.
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