Quote of the Day: Is the US becoming China's bitch?

By Shanghaiist on Jan 25, 2012

becoming china bitatc.jpg "The title is deliberately provocative, I understand. It's meant to push people outside their comfort zone. We're inert. How do we snap people out of it? We helped create an export monster. We helped them because we developed an appetite for their goods. So we've kind of gotten in this dynamic of exports for finance-we will buy your cheap goods so we can stock our Wal-Mart shelves. They're moving up the value chain. And in exchange for that, we'll look for you to be our number one lender, and that, in pop psychology, you call a co-dependency-exports for finance. They're stuck with us, we're stuck with them. Stalemates, or co-dependencies like this, don't last forever."

PETER D. KIERNAN, AUTHOR OF BECOMING CHINA'S BITCH: AND NINE MORE CATASTROPHES WE MUST AVOID RIGHT NOW, ON IF THE US IS BECOMING CHINA'S ECONOMIC BITCH.

Via Foreign Policy


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Comments [rss]

  • Zhabei
  • destroy_all_humans
    This book sounds like it was written for the walmart shelves and the people who shop there.

  • Bruce_Tutty
    The US has always been Money's bitch.

    Different countries have financial owned them at one time or another, but they are still there.

    So no, i don't think they give a damn about China, so i don't think there's any chance of them becoming their bitch.

    They may appear to be, if they can make money off it, but at the end of the day, they won't be.
  • BBC_Redux
    I don't think the US is becoming China's bitch but more of Uncle Sam's self destructive policies. Like the deep divide on 2 polarized ends, liberal minded Americans against conservative Americans, Wall Street Occupiers vrs the Tea Party. Massive military spending, eroding tax base, and hollowing out of American manufacturing (American Corporations) and the debunking of the theory that a country can live on the service sector alone.
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