I agree with your logic Doug, If the U.S. deficit with China approaches
even 100 billion I think the chances of a financial crisis for the U.S.
seems likely. But, Scott is predicting a collapse for China and a
devaluation of the Chinese currency; something rather unlikley if the
Chinese are enjoy
On Sun, 27 Feb 2000, Doug Henwood wrote:
> >My question is where does this financial crisis come from? If I
> >understand Scott's logic correctly, he is predicting a financial crisis
> >for China, much like what Mexico experienced in 1994-95.
>
> Sounds more like he's predicting a U.S. financial
. . . But the nationalist's willful ignorance of
the impact of a trade policy on the workers of other nations clearly does
not contradict the nativist's effort to keep the "wogs" out. . . .
Neither does the Battle Hymn of the Republic.
The issue is whether one reinforces or gives
rise to the ot
Jim Devine wrote:
>My point is that Rob Scott's little article simply expressed
>sympathy for people in the US with little or no concern for those in
>China. That's a kind of nationalism, something that should be
>avoided in a rich and powerful country like the US. Maybe it's not
>nativism, b
Max writes:
>Increasingly, nativism is simply a term that
>reflects jaundice towards straight-forward
>defense of workers in the U.S., whatever
>their national origin or race. sometimes
>it comes from the right, sometimes from
>the left. This leads to confusion from
>some quarters, present compa
. . .
Also, as progressives, shouldn't our focus also be on the negative effects
of the Chinese government on its workers rather than solely on the negative
effect of the US trade deficit with China on US workers? . . .
I'm told something on the Chinese worker front is
in the works. If you said
