The way you protect workers is by capturing markets, Both supply and demand. China does this. America does not.
Expanding sales, etc. is not quite the same focus. It’s just enough to miss the future. It’s not price or wages alone, it’s not quality alone (they matter but are not absolute!), it’s strategy; and right now, despite it’s currency issues, quality lag, and other faults, China has a better strategy that makes nations and markets close the deals.
The better ideas for advancing national economic production, expanding markets, and increasing wages are found in China. China repeats its formula, but so many use China as a foil or stereotype, or of fear, to trash its spectacular success.
China focuses on long term agreements for strategically important resources, from money (US) and food (Brasil) to oil (#1 globally!) and rare earth (home).
China created a $10 billion currency swap with Argentina between central banks, giving Argentina access to credit-neutral reserves, bypassing its 24% inflation–a brilliant use of a central bank in foreign policy; policy the US cannot copy.
China is Brasil’s biggest trading partner ($75.5 billion, 2012) and seeks a dominant role in Africa’s energy producing countries.
China offered Trinidad and Tobago $3.1 billion in concessionary loans for the island nation’s energy industry. It pledged $1 billion for an island hospital and committed 100 medical professionals.
China partners with stable countries, its industries and workers (in Brasil, Ghana, Angola for example), and puts its agenda first.
US policy lacks strategy, and coordination, and doesn’t focus on public-private partnerships, or key global components like credit and transportation (especially rail).
The lack of focus trades the future away and results in losing ground.
Black History 360* 