General Discussion
In reply to the discussion: In 2002, Will Pitt wrote a book that completely exposed the run up to the Iraq war..... [View all]freshwest
(53,661 posts)They were given concessions, patents and manufacturing equipment, most of it sent over wholesale. It was in order to make good on a debt they knew would never be paid for the wars, because our TPTB don't believe in taxes.
Now the Chinese get the mineral and resource contracts as well as control of ports worldwide. They have MFN status and have played price fixing games until they gained monopolies of industries. We gave it to them because we owe...
It is correct that it is a small part of our national debt, and private debt is much worse than public debt will ever be. The threat is woven into our society on a level few want to think about. Pensions and other assets are managed by people we love to hate. There is blood on it. But what are we to do since we have given our wages and votes to this so long?
I think the same thing was done to the auto industry because of the Vietnam war debt. All wars must be paid for by future generations. These countries deserve to be paid and none of that money was given for love. Nor was it given without promise of something.
China uses their human capital and pollute their country to buy our debt, but there's no reason for them to wait, since TPTB refuse to pay taxes. Even though they have reaped the benefits more than anyone else, we enabled them by buying into the garbage they spew on the media.
Many Americans are wealthy far beyond their education from wars, something most of us are in denial about as we don't want to acknowledge that their interests in these affairs aren't altruistic. These are your hard-core libertarian teabag voters and they have done well.