WE HAVE BEEN WARNING FOR THE LAST 30 YEARS THAT RUSH TO BUILD FACTORIES IN CHINA WOULD LEAD TO A BLOWBACK. AND NOW IT HAS.
NOW GREEDY MULTINATIONALS SHOULD PAY FOR THEIR FOLLY
The COVID-19 pandemic has exposed both the perfidy and the folly of US-led western China policy. China now has the US and the rest of the gullible world by their “cojones.”
Having rid themselves of the virus which originated in their Wuhan province last December, the Chinese are now playing God. New Chinese export restrictions have left American companies’ U.S.-bound face masks, test kits and other medical equipment urgently needed to fight the coronavirus stranded, the WALL STREET JOURNAL writes today.
Products made by 3M, Owens & Minor, PerkinElmer sit in Chinese warehouses. GE ventilator production line in Wisconsin is nearly brought to a halt. The Chinese claim that’s because of extra quality control.” But only fools would buy that explanation amid a global pandemic.
So the American and other western multinationals which had the folly to put all their eggs in the Red China basket are now experiencing a blowback of such foolhardy policy. Alas, that’s something about which his writer has been warning REPEATEDLY for the last 26 years.
Here’s, for example, what we said about former IBM chairman’s (Lou Gerstner) “vision statement” in March 1994, when he lauded western investments in that communist country:
“Gerstner continued to speak as if IBM were some sort of a United Nations’ public utility, not a private company whose shareholders expect it to make money. Since when is IBM in the business of “nation building,” anyway? We saw what happened in Somalia even when our government naively attempted to do just that. Besides, if that is indeed a part of IBM’s new charter, why wasn’t it in the “vision statement?” Furthermore, why would IBM not invest first in American “nation building” by broadening the IBM customer base well beyond the traditional “FORTUNE 500”-type companies? Of course, that would be reaching well beyond Gerstner’s and IBM’s traditional comfort zone, wouldn’t it?
Meanwhile, back to the China, if Gerstner is bullish on it because of its supposed future growth and profit opportunities, then he, as well as many other multinationals, might end up rudely disappointed. As did the British textile industrialists a century ago, who also saw immense opportunities in China. They, too, counted Chinese heads to justify their enthusiasm.
“If every Chinese consumed as much of our product as the average Australian does now, we would double our global sales…” they reasoned. “If every Chinese added just one inch to his shirt tail, the mills of Lancashire could be kept busy for a generation.”
Well, one hundred years later, Chinese can make any length of shirt tails they choose as the mills of Lancashire rust in the dustbin of history. Will the same be true with the computer chips? We would not be surprised. Nor would IBM end up as the only company holding the bag. Intel, for example, has also just announced plans to open its first plant in China.
The rise of China in the world affairs is also bound to cause a new global political instability, just like the rise of Germany and (later) Japan did in the late 19th and early 20th century. China’s future growth is predicated on its exports. Political instability won’t help the exports or world trade. In other words, the current bonanza may not last. Even some Chinese diplomats in Europe seem worried that their country may be growing too fast.”IBM: “China Follies,” Mar 1994 – Also see “How Gerstner Flunked Globalism 101,” Dec 2020
Alas, such warnings were falling on deaf ears, not just in IBM but also in Washington. Four American presidents in a row (Bush I, Clinton, Bush II, Obama)) helped unleash a financial tsunami of western investments into this communist country. They rewarded China for the Tiananmen Square massacre in June 1989. They made the Red China the real Cold War winner. They betrayed America while serving their globalist masters.
Furthermore, the Clinton-Gore administration helped China learn how to fight the US in an eventual conflict. (see CHINA, NOT RUSSIA OR IRAN, BIGGEST THREAT, July 2017).
“Bill Clinton and Al Gore even went further in their treason against the American people and our national interests. They opened our military secrets to Chinese war planners, taking them on a tour of the U.S. military facilities and schools across the country in Aug 2000 (see TRAITORS. Aug 2000).
“Furthermore, a low-key White House regulation change was signed by Bill Clinton on Aug. 3, 2000 at the urging of the CEOs of IBM, Unisys, Hewlett-Packard and NCR. This presidential order will allow the Chinese military to buy some of the most powerful U.S. computers without a government license or security review, the ABC News reported today (Aug. 28, 2000).
The Clinton move, while applauded by vice president Al Gore, is drawing fire from U.S. security experts who say the computers could help foreign militaries develop nuclear weapons more quickly, and from a congressman who charges the White House is compromising national security for political profit.”
The Clinton-Gore administration even facilitated classes at Harvard to teach the Chinese military leaders how to fight the U.S.“Twenty-five senior Chinese military officers are attending a course at Harvard to learn details about U.S. decision-making that critics say will help China fight the United States, the Washington Times reported on Aug. 28, 2000.” “(see http://www.truthinmedia.org/Bulletins2000/tim2000-8-8.html).
So for all his faults, and there are many, Donald Trump was the first US president who has tried to put a stop to this nonsense – aiding and abetting America’s biggest global threat. No wonder that the globalist-controlled liberal media went nuts criticizing him when he called a spade a spade and the COVID-19 a “Chinese virus.” They said it was a “racist” comment.
“It’s not racist at all,” Trump said at a White House press conference on Mar 18. “No, not at all.” He said he had used that term, “because it comes from China. That’s why.”
DID THE VIRUS ORIGINATE IN WUHAN VIROLOGY LAB?
The theory that the virus originated at a Wuhan virology lab is gaining prominence as the White House steps up a rhetorical assault on Beijing, increasingly blaming the Chinese government for a “cover-up” of the outbreak. The Chinese claim that it had begun in a wildlife market in Wuhan.
The World Health Organization (WHO) has also been caught in the fray, with Washington cutting off the agency’s funding, alleging it abetted the Chinese effort to conceal information about the virus in the early stages of the pandemic.
Indeed, the Associated Press reported today that China knew of pandemic danger in Wuhan even as officials downplayed risk of virus.
“…based on leaked documents from a confidential teleconference with China’s National Health Commission, China’s leaders allegedly failed to notify the public about the looming crisis during a critical six-day period despite their own internal evidence painting a dire portrait. That six day delay is alleged to have resulted in more than 3,000 people becoming infected in China, laying the groundwork for an outbreak that has swept the world.
The internal documents show that even as officials were downplaying the potential risk of the virus in public, a top Chinese health adviser warned it was “the most severe challenge since SARS in 2003 and is likely to develop into a major public health event.”
In particular, the AP’s report alleges that Chinese officials had evidence of clusters of cases suggesting human-to-human transmission on January 14. While Wuhan officials did say on January 15 that the possibility of such transmission “cannot be excluded,” it was not until January 20 that China said publicly that it was definitely taking place and urged greater caution to avoid infection…
Cases of what we now know as the novel coronavirus were first detected in central China in mid-December 2019, and an official alert went out to the WHO on December 31, warning of a cluster of pneumonia cases. Doctors and nurses in Wuhan said there were many signs the coronavirus could be transmitted between people by late December. But officials set stringent criteria for confirming cases. And they punished doctors who warned about the disease.
On January 20, Chinese President Xi Jinping publicly commented on the outbreak and ordered “resolute efforts” to contain it. CNN has previously reported that, behind the scenes, Xi was personally involved in the response by January 7 at the latest.
During that 13-day period, officials in Hubei held two key provincial Party meetings and Wuhan invited more than 40,000 families to attend a mass banquet in an attempt to set a world record. It’s also when officials in both Wuhan and Hubei appeared to downplay the outbreak, an assessment that was repeated by state officials: Wang Guangfa, head of a team of researchers sent from Beijing to investigate the situation, said on January 11 that it was under control.
Wuhan Mayor Zhou Xianwang later admitted that the city’s “warnings were not sufficient,” and offered to resign.
The documents show how political considerations may have shaped China’s response to the outbreak.
In the memo, Ma demanded officials unite around Xi, and prioritize social stability during the long lead-up to China’s two biggest political meetings of the year in March.
“Emphasize politics, emphasize discipline, emphasize science,” the memo cites Ma as saying.
See Takeaways from internal documents on China’s virus response – https://apnews.com/a75e4e452f5a2d0ecaa241ca2045599e
Meanwhile, in the wake of such initial coverup, here are some scenes from around the world will remain the lasting legacy of this “Chinese virus.”
Republican officials Tom Cotton and Dan Crenshaw have introduced a bill sure to stir up tensions between the US and China that would allow American citizens to sue for ‘damages’ caused by the Covid-19 pandemic.
The senator from Arkansas and the representative from Texas, both vocal critics of the Chinese government, want to amend the Foreign Sovereign Immunities Act to create an exception for people to recover “damages caused by China’s dangerous handling of the Covid-19 outbreak.”
The Immunities Act protects foreign nations and their official agencies from being sued in US courts.
Cotton says China is an exception to the law because “by silencing doctors and journalists who tried to warn the world about the coronavirus, the Chinese Communist Party allowed the virus to spread quickly around the globe.”
Republicans and President Donald Trump barraged Beijing with criticism for being too slow to respond to the crisis and endangering the rest of the world, even hinting that the virus might have been created in a lab there. (Read more… https://www.rt.com/usa/486171-cotton-crenshaw-sue-china-coronavirus/)
“GREED ÜBER ALLES” BACKFIRES, NOW GREEDY MULTINATIONALS SHOULD PAY FOR THEIR FOLLY
Another is the folly of four American presidents and that of western multinational companies which have built up China into the largest economy in the world during the last 30 years. In pursuit of the Almighty Dollar profits they have been traitors to their countries. They built up a powerful enemy in the name of “free trade.” They sent millions of American jobs to communist China because of its low labor costs and an oppressive regime which insured labor stability and no human rights issues.
Never mind that everybody knows that one should never put all one’s eggs in one basket. That’s just common sense not only a sound business strategy.
And now that such shortsighted foreign policy has backfired, it is the American people and other nations around the world that are suffering the physical and financial trauma of the worst pandemic of our time. It’s a blowback of gargantuan proportions.
So each and every one of the multinational companies with large operations in China should be held responsible for the pain of millions and the deaths of 150,000 and counting. And for the devastation of American and global economies. We might as well start with the likes of Microsoft, IBM, AT&T, HP, Oracle and others in the IT industry which were among the first to move to China (see Mexico Yesterday, China Today, India Tomorrow, July 2003).
And even as late as 2019, western money still kept pouring into China.
Foreign direct investment (FDI) into China rose 5.8 percent year-on-year to CNY 941.5 billion, or USD 136.71 billion, in 2019, the biggest increase since 2017, when it grew 7.9 percent.Source: Trading Economics – https://tradingeconomics.com/china/foreign-direct-investment
That’s $1.7 trillion dollars in cumulative direct investments since the mad rush into Red China started in the early 1990s.
Meanwhile, the Chinese are pulling their investments from the US:
Foreign Direct Investment flows to the United States from China dropped from a peak of USD 16 billion in the second half of 2016, to less than 1.2 billion as Chinese companies are investing less and selling off some of their direct investments in the United States.Source: UNCTAD – http://www.oecd.org/investment/FDI-in-Figures-October-2019.pdf
Congress should pass the law forcing them to make restitutions to the American people for this betrayal and the tragic consequences we are all now suffering as a result. Why should the American taxpayers be paying for their mistakes and their Greed Unlimited? (Also see STITCHING TOGETHER NEW WORLD ORDER FLAG, Nov 1999).
UPDATE APR 18, 2020: Also see… “This Should Trouble Us Deeply” – Chilling Documentary Maps Out Likely Origin Of COVID-19
UPDATE MAY 4, 2020
A damning dossier leaked from the “Five Eyes” intelligence alliance claims that China lied to the world about human-to-human transmission of the coronavirus, made whistleblowers disappear and refused to hand over virus samples so the West could make a vaccine.
The bombshell 15-page research document also indicated that some of the five intelligence agencies believe that the virus may have been leaked from the Wuhan Institute of Virology, a claim initially dismissed as a conspiracy theory because Chinese officials insisted the virus came from the local wet markets, according to the Australian Daily Telegraph.
WASHINGTON (Reuters) , May 4 – The Trump administration is “turbocharging” an initiative to remove global industrial supply chains from China as it weighs new tariffs to punish Beijing for its handling of the coronavirus outbreak, according to officials familiar with U.S. planning.
President Donald Trump, who has stepped up recent attacks on China ahead of the Nov. 3 U.S. presidential election, has long pledged to bring manufacturing back from overseas.
Now, economic destruction and the massive U.S. coronavirus death toll are driving a government-wide push to move U.S. production and supply chain dependency away from China, even if it goes to other more friendly nations instead, current and former senior U.S. administration officials said.
“We’ve been working on [reducing the reliance of our supply chains in China] over the last few years but we are now turbo-charging that initiative,” Keith Krach, undersecretary for Economic Growth, Energy and the Environment at the U.S. State Department told Reuters.
“I think it is essential to understand where the critical areas are and where critical bottlenecks exist,” Krach said, adding that the matter was key to U.S. security and one the government could announce new action on soon.
The U.S. Commerce Department, State and other agencies are looking for ways to push companies to move both sourcing and manufacturing out of China. Tax incentives and potential re-shoring subsidies are among measures being considered to spur changes, the current and former officials told Reuters.