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Float Or Die Or Float And Die Update-6
01/15/10
A nation shifting from an export to import model must lawfully or unlawfully build its intellectual property assets—unfortunately most nations, and China is no exception, engage both lawful and unlawful channels (the recent Google-China incident is about this in spades) for increasing their intellectual property assets. Authoritarian regimes will tend toward unlawful channels simply because their governing model is in conflict with the freedoms necessary for lawful generation of cutting-edge intellectual property assets. However our leaders are shortsighted not to recognize the untenability (from China's perspective) of asserting that China float its currency and abandon its efforts to lawfully increase its indigenous intellectual property assets. |  |
Our leaders are also shortsighted to place all their focus on the necessity of prying open China's markets to the exclusion of developing, protecting, and securing our next generation intellectual property assets.
We simply do not want to be in the position of competing with an authoritarian China using an export model to exploit an infinite supply of low-cost labor!
Hopefully, our forthcoming Google incident demarche will implicitly (if not explicitly) make clear to China and other American companies we have no such intention of doing so.
Web:
- NYT, Murray: US Senators Urge China Action on Currency.
- UPDATED 01/15/2010 WSWS, Clinton speech underlines US-China tensions. Well written article by the World Socialist WebSite emphasizing a China bend and suggesting our leaders may be playing catch-up in Asia.
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