Yes, these are dire political times. Many who optimistically hoped for real change have spent nearly five years under the cold downpour of political reality. Here at CounterPunch we’ve always aimed to tell it like it is, without illusions or despair. That’s why so many of you have found a refuge at CounterPunch and made us your homepage. You tell us that you love CounterPunch because the quality of the writing you find here in the original articles we offer every day and because we never flinch under fire. We appreciate the support and are prepared for the fierce battles to come.
Unlike other outfits, we don’t hit you up for money every month … or even every quarter. We ask only once a year. But when we ask, we mean it.
CounterPunch’s website is supported almost entirely by subscribers to the print edition of our magazine. We aren’t on the receiving end of six-figure grants from big foundations. George Soros doesn’t have us on retainer. We don’t sell tickets on cruise liners. We don’t clog our site with deceptive corporate ads.
The continued existence of CounterPunch depends solely on the support and dedication of our readers. We know there are a lot of you. We get thousands of emails from you every day. Our website receives millions of hits and nearly 100,000 readers each day. And we don’t charge you a dime.
Please, use our brand new secure shopping cart to make a tax-deductible donation to CounterPunch today or purchase a subscription our monthly magazine and a gift sub for someone or one of our explosive books, including the ground-breaking Killing Trayvons. Show a little affection for subversion: consider an automated monthly donation. (We accept checks, credit cards, PayPal and cold-hard cash….)
To contribute by phone you can call Becky or Deva toll free at: 1-800-840-3683
Thank you for your support,
Jeffrey, Joshua, Becky, Deva, and Nathaniel
CounterPunch PO Box 228, Petrolia, CA 95558
Genuflecting to China
Mattel apologizes to China and to the Chinese people for safety lapses which resulted in the recall of 21 million Chinese-made toys in recent months. Excuse me?
Does anyone else feel a backlash rising against China, that is fundamentally different from the trade complaints of the past and skirmishes over the value of the Chinese yuan?
The sight of a major American corporation going on bent knee to a nation that flouts the rule of law, cares not about human rights, freedom of speech, product and food safety, has emerged as a global factor in a warming climate, can’t get its pollution under control– is terrible.
Now, China is right to point the finger at the United States on this nation’s arrogance toward the causes and consequences of global warming.
But of greater concern for now is the position of our economies in relation to each other, and the growing sense that the United States is the subordinate partner.
Our own trade policies (successive presidents) encouraged the massive transformation of the US economy to a low inflation environment that is regulated, not by what we manufacture, but by what China does. So what do we do when Chinese products threaten the health of children, we apologize?
Because the United States embraced this subordinate position, we find ourselves doing exactly what subordinates do: placate those with power over us.
Listening to Jim Cramer last night out of the corner of my ear, I heard him tell television viewers that we shouldn’t worry about the smashed value of the dollar, we should just try to figure out ways to make money from it.
But if this is the good news about the "free market", why don’t I feel good about it? Why don’t I feel good about the US economy turning into a flea market for the world’s stronger currencies?
I don’t believe apologies to China takes America anywhere this nation wants to be.
The Chinese government views its co-dependency with the US dollar as economic trade-off with diminishing value.
It is no secret: China has announced its intention to diversify its portfolios out of the US dollar. It is the single threat hanging over the intense efforts by former Goldman Sachs chief, Treasury Secty Hank Paulson to smooth relations with China.
Chinese economic ministers are most certainly astute and must feel badly burned by their choice to invest in credit through financial derivatives tied to the US housing industry, now turned to junk. We don’t hear much about China’s dissatisfaction with America, except when we see the reaction of a US corporation, like Mattel, to answer a presumed slight: the recall of 21 million toys.
Who, after all, are Americans to complain about the services we receive from China?
ALAN FARAGO of Coral Gables, who writes about the environment and the politics of South Florida, can be reached at firstname.lastname@example.org.