American made, Chinese owned:
Jim A. Stivers
August 4, 2011
Please help me understand why the largest creditor to the USA is a Communist Country.
“Communism is a sociopolitical movement that aims for a classless and stateless society structured upon common ownership of the means of production, free access to articles of consumption, and the end of wage labor and private property in the means of production and real estate.”
In the USA we practice the Communist Doctrine and it's called Wall Street. The USA controlled Fortune 500 and their investors control our Congress by giving huge sums of money to politicians (big surprise, right?) these “donations” by Fortune 500 are represented by Washington Lobbyist who in turn have a huge influence on the laws passed and the tax credits given to Fortune 500 Corporations. Billions and billions of Fortune 500 money is being spent in China.
If you’re a stockholder that’s a good thing, but if you’re JOHN Q. PUBLIC it makes little difference. During the extended downturn, in the USA economy, most of us are counting dollars when we go to the grocery. Yet, the investors in Wall Street get tax credits for investments.
In Marxist theory, communism is a specific stage of historical development that inevitably emerges from the development of the productive forces that leads to a superabundance of material wealth, allowing for distribution based on need and social relations based on freely associated individuals.
Manufacturing jobs and new investments are being scooped up by China. And they are doing it with OUR MONEY. The USA borrows heavily from China to support the deficit spending by our Congress. China's great outward march of investing into the United States is turning into a mad dash. Chinese investments into the U.S. rose 360% in the first half of this year compared to last year, according to Chinese government figures released Tuesday.
U.S. state governments such as South Carolina and Texas have been working hard to lure this Chinese money, which creates factories and jobs for out-of-work Americans particularly in states hard hit by recession.
The new American Yuncheng Gravure Cylinder in Spartanburg, S.C. announced that it began operations on July 1.
The latest beneficiary of China's outward investment push is a small Missouri town called Moberly, with just 14,000 people. This Saturday, Mamtek International -- a Chinese mainland-invested company based in Hong Kong -- plans to break ground on a state-of-the-art factory making a no-calorie sugar substitute used in sodas and baked goods. The plant is expected to infuse $46 million into the local economy, create 312 jobs by the end of 2011 and double those employment figures over the longer term.
American made, Chinese owned:
Huh! A Chinese owned company has set up a factory in America? What is with this crazy role reversal? It has started to become cheaper for some Chinese companies to set up large plants in America than it is for them to set the same sized plant up in Shanghai.
American Yuncheng Gravure, Chinese owned, bought the land in Spartanburg, USA for $350,000, one fourth of the cost for the same sized property back in Shanghai or Dongguan, where the company already has factories. As the yuan continues to rise in the days ahead, we're sure this will not be the last we hear of Chinese companies saving money in this way.
Politicians pay little attention to the difference between the social \economic differences of the two countries. Politicians will tell you, as they’re doing in many small towns . . . A job in a Communist Factory, for products made in the USA, are better than no jobs.
"These jobs will be a significant boost to Missouri's economy and our manufacturing sector, and they're another positive sign that our economy is beginning to move forward," Missouri Governor Jay Nixon said in a statement. From the first site visit in March to the signing of the agreement took just 73 days, an unheard-of speed, according to the Midwest U.S.-China Association which facilitated the deal.
The Ministry of Commerce in Beijing has not yet released actual figures except to say that the total of its global overseas investments had reached $55.2 billion by the end of June, compared to $43.3 billion for the entirety of 2009. Last year, Chinese companies announced new direct investments in the U.S. of close to $5 billion -- up from an average of $500 million.
Because the USA has lost so many middle income factory jobs the Communist will continue to take advantage of our down turn. It troubles me greatly that in America the major investors in business today are Chinese Communist.
And that is very dangerous. Only time will reveal the truth and by then . . . who will own AMERICA?