Auerback: China is Still a Renegade Nation
By Marshall Auerback, a portfolio strategist and Roosevelt Institute fellow
A few years ago, Chris Dialynas and I wrote a piece which introduced the concept of “renegade economics”. It was derived from a Frank D. Graham’s 1943 essay titled,
“Fundamentals of International Monetary Policy.” Graham, a Princeton University […]

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From Bloomberg Businessweek, they report on labor problems in China - at the educated end. This is the opposite of the USA where unemployment for those with a college education is below 5%, half the national average unemployment of 9.5%. The USA is having trouble creating uneducated jobs. China is having problems creating educated jobs.
More […]

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Bloomberg News is reporting out of Asia trade restrictions from China on rare earth metals. Note in the article how first China gutted foreign manufacture, primarily in the USA but other countries too, by foregoing environmental regulations making China the low cost provider. Now that they are the dominant provider they’re claiming that they can’t […]

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This is interview provides an interesting comparison of China today with Japan circa 1990. The source is George Friedman, principal of Stratfor, an independent analysis firm of world strategic issues. Their observations of prior situations has been accurate. He believes China “will collapse” in the coming decade and that America will be the primary beneficiary:
For […]

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What has become clear over the years is that the existing regulatory system, in the USA and other developed countries, was built in an era of mostly domestic production. To the extent these regulators had to deal with imported products, they were dealing with products with comparable developed safety standards and regulatory systems. The system, […]

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More people are connecting the dots between China’s currency manipulation and negative impacts in the USA and other countries. Economist Paul Krugman, whom you have to read with a very critical eye when he’s outside his specialty, is right in this blog on the NY Times web-site about China’s currency practices:
 Right now, China is following […]

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From the NY Times (our emphasis added): It is interesting to watch communist country companies trample on worker’s rights. Something is being lost in the vision.

By ANDREW JACOBS
BEIJING — These are heady days for China’s state-controlled banks. Last month, the Agricultural Bank of China made its stock market debut, bringing in $22 billion for […]

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Time magazine is out with the following report on effects from tainted milk:
Thursday, Aug. 12, 2010

By Austin Ramzy / Beijing
Two years after tainted milk powder killed six infants and left some 300,000 more suffering from kidney stones, China is again roiled by allegations of health hazards in infant formula. This time the repercussions […]

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The Globe and Mail reports on gated communities in China, not for the rich but for the poor. Gated not to protect the inhabitants but to impoverish the workers. When non-Chinese companies have to compete on an un-even playing field, it drives all labor to this level.

Gated villages in China have for years […]

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China surpasses US as the world’s biggest energy consumer, but immediately rejects title

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