America Cannot Loot Its Way To Greatness
Last year Congress passed a law requiring the Chinese government to divest from TikTok, alleging that the social media company collects sensitive data and information on Americans. But so does the US government, and Trump’s nominee Tulsi Gabbard has been forced by the US Senate to back off her opposition to the US government’s police state surveillance of American citizens in violation of the US Constitution.
It is OK with the US Congress for Americans be be subjected to surveillance as long as it is not the Chinese doing it.
We don’t know if the Chinese are using TikTok for surveillance. It is an accusation, the purpose of which seems to be to force China to fork over to US investors an interest in half of their company. The Speaker of the House is our bad cop saying he is going to shut down the company. Trump is the good cop issuing an executive order to keep it open while he performs the art of the deal.
In America where the Sherman Anti-Trust Act is a dead letter law and monopolization has stifled productive investment, looting of foreign assets and foreign countries is America’s access to profits. American corporations fire their American employees and replace them with foreign labor abroad or with foreigners on H-1B and L-1 visas paying them less than the American wage. The saved labor cost goes to profits, higher stock prices, and executive “performance” bonuses.
But this is only the beginning of the story of American profits’ reliance on looting. For the past quarter century Americans deceived by blatant lies have poured hundreds of billions of their incomes taken by Washington to bomb women and children and bring destroyed countries to “democracy.”
Ukraine is an example. The corrupt Biden regime has shipped hundreds of billions of dollars of hard-pressed Americans’ incomes in the form of weapons to Ukraine. These weapons are not a gift. They have to be paid for, but it
Article from LewRockwell
LewRockwell.com is a libertarian website that publishes articles, essays, and blog posts advocating for minimal government, free markets, and individual liberty. The site was founded by Lew Rockwell, an American libertarian political commentator, activist, and former congressional staffer. The website often features content that is critical of mainstream politics, state intervention, and foreign policy, among other topics. It is a platform frequently used to disseminate Austrian economics, a school of economic thought that is popular among some libertarians.
