Saturday, July 03, 2021

The US’s greatest danger isn’t China. It’s much closer to home

Recently:


It is just too easy to maintain our need for an enemy:


The rivalry with China is palpable but history teaches us lessons about how it’s easier to blame others than blame ourselves.

China’s increasingly aggressive geopolitical and economic stance in the world is unleashing a fierce bipartisan backlash in America. That’s fine if it leads to more public investment in basic research, education, and infrastructure – as did the Sputnik shock of the late 1950s. But it poses dangers as well.

More than 60 years ago, the sudden and palpable fear that the Soviet Union was lurching ahead of us shook America out of a postwar complacency and caused the nation to do what it should have been doing for many years. Even though we did it under the pretext of national defense – we called it the National Defense Education Act and the National Defense Highway Act and relied on the Defense Advanced Research Projects Administration for basic research leading to semiconductors, satellite technology, and the Internet – the result was to boost US productivity and American wages for a generation.

When the Soviet Union began to implode, America found its next foil in Japan. 

And on it went: The Japanese Power Game,The Coming War with Japan, Zaibatsu America: How Japanese Firms are Colonizing Vital US Industries, The Silent War, Trade Wars.

But there was no vicious plot. We failed to notice that Japan had invested heavily in its own education and infrastructure – which enabled it to make high-quality products that American consumers wanted to buy. We didn’t see that our own financial system resembled a casino and demanded immediate profits. We overlooked that our educational system left almost 80% of our young people unable to comprehend a news magazine and many others unprepared for work. And our infrastructure of unsafe bridges and potholed roads were draining our productivity.  Continue here....

-- Robert Reich

So, be aware of those who pedal such things; they are not doing it for our sake — they are doing for their own personal gain.