Saturday, August 25, 2012

Death by China...coming to a theatre near you!

From best-selling author and filmmaker, Peter Navarro, comes DEATH BY CHINA, a documentary feature that pointedly confronts the most urgent problem facing America today – its increasingly destructive economic trade relationship with a rapidly rising China. Since China began flooding U.S. markets with illegally subsidized products in 2001, over 50,000 American factories have disappeared, more than 25 million Americans can’t find a decent job, and America now owes more than 3 trillion dollars to the world’s largest totalitarian nation. Through compelling interviews with voices across the political spectrum, DEATH BY CHINA exposes that the U.S.-China relationship is broken and must be fixed if the world is going to be a place of peace and prosperity.(From Death by China website)

This is the code for the official trailer for the film, from the website Death by China:

Listening to Mr. Navarro on MSNBC's Morning Joe yesterday morning, I heard him say that the Chinese currency is 40% undervalued, providing them with a significant trade advantage. In addition, he mentioned fewer environmental restrictions for Chinese manufacturers, as well as the proverbial lower wages, longer days and fewer benefits for Chinese workers whose jobs, in many cases, have replaced American jobs, while simultaneously flooding the U.S. marketplace with Chinese-produced goods and underwriting the U.S. Treasury making the U.S. a debtor nation to China.
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Navarro is taking his nearly messianic campaign to the American heartland, where he will show his film to impoverished American cities from which many of those manufacturing jobs have evaporated.
Interestingly, the presidential campaign is not focussing on the issue of the trade deficit which brings the spotlight inevitably on Chinese trade practices.
He accuses China of stealing American technology, of not playing fair in terms of trade practices, of draining the blood out of Europe and now America. And he suggests that  China needs a strong consumer base, with health care for workers, and also needs to begin fair trade practices, as well as eliminate its currency manipulation.
Should this film become fodder for the presidential campaign, it will undoubtedly signal a seismic shift in the kind of debate between the two presidential candidates, both in style and in content.
Ironic, isn't it, that the most "powerful" nation in the world has permitted its relationship with China to demonstrate its negotiating weakness, it's naive opening of the door to the WTO (World Trade Organization) to China, the gutting of its middle class, while, like the proverbial mosquito scratching itself to death, following an encounter with the powder of an insecticide, it debates the fringes around the core problem like "socialism" and taxes reductions for the rich, and how medicare will survive in the future, without coming to the underlying embarrassment that China has, in effect, out-manoeuvred the rest of the world in both trade practices and by loaning billions to the American treasury.
Let's keep watching the presidential campaigns, to see if Navarro's film cuts into the coverage over the next ten weeks.

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