Yellen - Enough is enough...of your nonsense

 

 Yellen is claiming that the USA lost two million jobs to China over the years, after joining the WTO. Who pushed USA companies to relocate to China to take advantage of the cheaper cost to make bigger profits? China did not put a gun to Steve Job's head and forced him to make iPhones in China. It was the USA companies own greed that made them decide to relocate to China, and that caused the job losses in the USA. Why blame China? It would be more logical to blame their own establishments. China did not provide subsidies like what the USA did, to lure companies to relocate to China. They went on their own accord for economic reasons.

What about USA giving subsidies to lure Chip manufacturers from Europe, Taiwan, Japan and South Korea to build factories in Arizona and caused job losses to workers in those countries as well? What difference is the loss of jobs in the USA due to factories relocating to China, and the loss of jobs in those countries when factories or companies relocate to the USA?

Now the USA is digging into issues out of desperation to make its case against China by hook or by crook. It is clear-cut hypocrisy if the USA were to use the argument that the USA can blame China, but workers in countries like Taiwan, Japan or South Korea do not have the privilege of blaming the USA for their job losses, as the USA is a hegemon. This is the same kind of argument that the USA uses, when itself and NATO can provide weapons to Ukraine, but other countries cannot do the same with Russia. What kind of pig-headed argument is that? Uncouth, unreasonable, illogical and totally beyond reason. Should we call that gangsterism or Mafia law?

I believe China is now seeing the true picture of decoupling at play, and it is time to stop worrying about what the USA is trying to do or demand. The USA and EU market is now alien to Chinese investment, not worth making great effort to sell to or looking forward to, and decoupling should be encouraged instead of being discouraged. China should help to accelerate the decoupling by taking positive steps to do its part, instead of being threatened by the USA at every opportunity. Every visit by USA leaders is all about demands and nothing else.

I still remember the perennial problem Red Dot had been threatened with consistently by Mahathir over water throughout the years, until he realised that Red Dot had reached the stage of self-reliance and his threats started easing considerably over the years. That self-reliant realisation message put a stop to all his nonsense. China must do the same to the USA by ignoring the USA and not formulating policies to cater to USA demands nor look at their leader's faces when doing so. Enough is enough.

Anonymous