China’s goal would hurt United States
In the classic play, Dr. Faustus agreed to give Lucifer his life and soul in 24 years in exchange for magical powers in the interim. In our Faustian Bargain with our Lucifer, the Communist Party of China, the U.S. consumer received lower prices on certain imports and certain businesses received greater access to 1.3 billion Chinese consumers.
U.S. businesses also agreed to forced technology transfers (disclosing manufacturing processes and trade secrets) to the CPC and to tolerate the theft of USA intellectual property by them as well. All this reduces American competitiveness now and the well-being of generations of Americans to come.
What does our Lucifer do with its ill-gotten gains? If the U.S. is to extricate itself from this Faustian Bargain, it’s important to know what the CPC intends to do and how they intend to do it. Fortunately for us, the answers are “in plain sight.”
The CPC intends to replace the U.S. as the world’s dominant political, military and economic power by 2049 –the 100th anniversary of the Communist Party of China’s founding by Mao Tse Tung in 1949.
Economically, the CPC would replace the U.S. dollar with the Chinese Yuan as the world’s reserve currency. Reserve currency means foreigners are willing to hold our currency abroad, denominate contracts in U.S. dollars and buy and hold U.S. government bonds.
Foreigners do so precisely because the U.S. is the world’s dominant economic, political and military power. The federal government benefits as it can spend more than its tax revenue and someone is always there to buy the debt we issue.
Losing reserve status would be a great loss to the U.S. and a great gain for the CPC. How would the CPC accomplish this? Start with the Belt and Road Initiative, the largest transportation infrastructure project in human history, which will cover 65% of the world’s population. It will physically connect China westward, along the ancient Silk Road, to Europe and south through Asia creating an economic dependency favoring China.
Over 70 countries have signed on, including some in our hemisphere: Argentina, Bolivia, Panama and Jamaica. Next, add CPC control of the sea lanes in the South China Sea, which carries one-third of world trade. How? By illegally building a military base on artificial islands constructed in international waters (810 miles off China’s coast) in the middle of the South China Sea. The artificial islands are closer to, and ringed by, Vietnam, the Philippines and Malaysia.
The CPC has a plan and takes the (decades) long view. China’s favorite board game GO, which dates to antiquity and is like chess, has as its goal to surround more territory than the opponent. Look familiar? Very strategic, very long term. We all should be concerned and pessimistic about all of this. It’s time to counter the Communist Party of China –before it’s too late.
Christopher Gable is an occasional contributor to the Mirror’s Opinion page. He resides in Altoona.