In 2001, China joined the World Trade Organization with the strong support of a Democratic President and Republican Congress. Before the ink was dry on this free trade agreement, China ...
See full summary »
A thought-provoking documentary about the ill-fated Trans World Airline Flight 800 to Paris, France, which exploded on July 17, 1996 just 12 minutes after takeoff from JFK International ... See full summary »
For three weeks in September 2008, one person was charged with preventing the collapse of the global economy. No one understood the financial markets better than Hank Paulson, the former ... See full summary »
In 2001, China joined the World Trade Organization with the strong support of a Democratic President and Republican Congress. Before the ink was dry on this free trade agreement, China began flooding U.S. markets with illegally subsidized exports while the big multinational companies that had lobbied heavily for the agreement rapidly accelerated the off shoring of American jobs to China. Today, as a result of the biggest shell game in American history, China has stolen millions of our jobs, corporate profits are soaring, and we now owe over $3 trillion to the world's largest totalitarian nation. This film is about how that happened... and why the best jobs program for America is trade reform with China. Written by
It's hard for me even to start pointing out the misinterpretations and lies individually because the whole film is full of it. It's even easier to list the only few statements that are not that twisted.
The director probably didn't foresee when he puts a comment on the film stating how many "internet police" in China, a year later the NSA scandal breaks out. How funny.
The truth is both US and China are playing the same economic game. Chinese pretty much learned everything they know in terms of modern business from US. The director wines about how U.S. loses its jobs because manufacturing is shipped to China. But how can't he see it is in fact chosen by the Americans doing this way. The same product produced in China would cost even more, a lot of time much more, than the market price in the U.S. Why? Corporations only uses Chinese cheap labors. By using them and selling a higher price back to them, they are making double-earnings by doing "management". US-China economic trades are bi-lateral benefiting is not a lie. Americans like Chinese product because they are cheaper, which means Americans can have a more enriched life spending the same money. Would the majority Americans pay for 5 times higher price to buy US-made product? They won't, because that means they would only have a compact sedan per household, a 21-inch CRT TV, and probably less Christmas lights for lower-income families. The benefit Chinese get from this is to maintain at least a bearable living. Chinese labor were not forced to work, they chose to work very hard and long hours because they make much less per hour, and things sold on the market have higher prices even than the U.S. They had no better choice. I wish Chinese workers could make a little more so they can have a more decent living, but foreign corporations would not allow it because the second workers ask for a raise, they moved to another country with a lower cost. It already happened and is happening now. I wish Chinese companies could make more profit so they could take better care of their employees, but they are undergoing either a technology ban from the west, or being banned from entering U.S. or similar markets by made-up reasons.
It should be respected that it is a free-speech (or at least they made us believe it is) society, the director is free to express his political/economic opinions no matter how idiotic they are. But it is dangerous for our audiences to believe whatever we listen to. If we actually believe the director's view which is to completely close the US-China trading, the consequence, well, wouldn't be catastrophic because basically it just means both Americans and Chinese will have a lower materialistic living standard. But still I don't think any ordinary American or Chinese would like to see it happening.
It is very clear to me that why Clinton administration welcomed the China WTO deal, in fact I don't understand why people don't see it, or they saw it but did not want to admit it. Clinton thought with the U.S. technology advantage, American companies can use Chinese cheap labor without giving China any real "the first productivity" - technology. Therefore American companies could have a lower cost, but a higher selling price on every country's market (higher than the cost should dictate, aka higher profit) - not just Chinese - because they are the only product with that technology/functionality. Clinton thought it was the time for majority Americans to move up to the "management" level or "innovative" level so they don't have to sacrifice the environment to bother with the manufacture, but only doing management and R&D, which is much more profitable, and controls both political/economical and technology upper hand. But he was blinded by his arrogance or over-confidence that the Chinese would just be satisfied being lower-class labors without looking forward to a brighter future, and all Americans would be or be brought up by the elite class. I don't think anyone would deny that Chinese people are both extremely intelligent and hard working, the director intentionally ignore that by stating only that the Chinese are taking away jobs but without explaining why.
On a final note regarding to the U.S. deficit to China. Chinese people are much more worrying than the Americans because they don't see any sign the American government will pay it back. Because what usually happens is that when someone owes too much money, he wouldn't pay it at all. He claims bankruptcy or use whatever excuse he can possibly come up with in the effort to not paying. Being in debt to China means Americans have already consumed/enjoyed products or services by Chinese people for free. The director did not appreciate that or see what Americans has already taken, instead attempting to blame Chinese for tricking Americans into borrowing money, how absurd and pathetic is that. I have witnessed it all, an individual American consumes electricity, groceries, and wastes things 3~5 times more than Chinese, while working much less. Now still wondering why U.S. is in debt?
11 of 25 people found this review helpful.
Was this review helpful to you?