Much of the routine trade and investment between China and America is entirely appropriate and in America’s interest. But inserting the Chinese Communist Party into America’s pay-to-play system and its economic development strategy isn’t just crossing a line. It’s a leap into an abyss of stupidity.
People don’t learn from the past. Watch the vids on you-tube about the Mississippi Bubble in France in 1719. France was broke so banker John Law had an idea–print more money. Since there wasn’t enough gold to back up all that money, he told people to buy shares in Louisiana. The scheme blew up because Louisiana was a worthless swamp. Calif. needs to print around $1 trillion to pay pensions.