FAST FIVE: Workers Of The World, Unite!
Several decades of getting spanked by Chinese grunt laborers have American workers longing for reprisal. This ain't their granddaddy's economy. They've been repurposed from well-paying manufacturing jobs to low-level service workers. The relentless progression has been demoralizing.
We'll have more on this in a moment. But first, some dawn of war merriment out of the Middle Kingdom- Trade War.
China's 40 year economic boom has all the trappings of miraculous growth. Real wealth has been created. Living standards have improved. And mega cities have sprouted up from the barren earth like garden weeds following a spring rain.
The song, set to the tune of an anti-Japanese song from the 1960s, begins with the rousing chorus: “Trade war.
And therein lies the second part of the deceit. For the scam to work, the Chinese government had to go along with it. And as far as we can tell, they went along with it for several reasons: (1) the money was too good, and (2) it gave the Chinese populace a purpose in life.