Comments on: Is China A Threat to the U.S. Economy? (CRS) http://www.fas.org/blog/secrecy/2006/09/is_china_a_threat_to_the_us_ec.html Secrecy News from the FAS Project on Government Secrecy Tue, 24 Nov 2009 18:23:26 -0500 http://wordpress.org/?v=abc hourly 1 By: Juan García http://www.fas.org/blog/secrecy/2006/09/is_china_a_threat_to_the_us_ec.html/comment-page-1#comment-636 Juan García Fri, 26 Jan 2007 14:53:10 +0000 http://fasweb.beacontec.com/blog/secrecy/2006/09/is_china_a_threat_to_the_us_economy_crs.html#comment-636 I agree with Mr Horezga's comment but I think his example is wrong. Venezuelan "socialized" medical programs are the result of an agreement between the Chávez government and Cuba: We (Venezuelans) give Cuba a lot of petroleum every day and Fidel pays us with medical assistance. I agree with Mr Horezga’s comment but I think his example is wrong. Venezuelan “socialized” medical programs are the result of an agreement between the Chávez government and Cuba: We (Venezuelans) give Cuba a lot of petroleum every day and Fidel pays us with medical assistance.

]]> By: Walter Horezga http://www.fas.org/blog/secrecy/2006/09/is_china_a_threat_to_the_us_ec.html/comment-page-1#comment-635 Walter Horezga Thu, 07 Sep 2006 17:22:49 +0000 http://fasweb.beacontec.com/blog/secrecy/2006/09/is_china_a_threat_to_the_us_economy_crs.html#comment-635 China can termporarily gum up the global economy, but like ALL other totalitarian trading units integrated into the world economy, it is ultimately dependent on the capitalist countries for maintaining the system. Explanation in Example: Venezuela's 'socialized' medical programs are paid for with gas profits [Citgo] from the US. Although the monies are kept separate, the balance of net income weighed against the net output of the country can be shaken by a small fluctuation here. The currency is also unstable because without market constraints, the government has no reality check. So, simply: China, like Venezuela, can make life miserable for a while, but no, they don't have the structural basis to overtake us. Simply put: they are parasites and we are the host. China can termporarily gum up the global economy, but like ALL other totalitarian trading units integrated into the world economy, it is ultimately dependent on the capitalist countries for maintaining the system.

Explanation in Example: Venezuela’s ’socialized’ medical programs are paid for with gas profits [Citgo] from the US. Although the monies are kept separate, the balance of net income weighed against the net output of the country can be shaken by a small fluctuation here. The currency is also unstable because without market constraints, the government has no reality check. So, simply: China, like Venezuela, can make life miserable for a while, but no, they don’t have the structural basis to overtake us. Simply put: they are parasites and we are the host.

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