conomic talks involving Treasury Secretary Jack Lew and Chinese Vice Premier Wang Yang also exposed worsening relations. While Lew welcomed China’s new pro-market measures, he quickly turned to a list of US demands for “an economic relationship where our firms and workers operate on a level-playing field and where the rights of those who participate in the global economy—including innovators and the holders of intellectual property—are preserved and protected from government-sponsored cyber intrusion.” In reality, the super-profits of major American corporations are based on a parasitic monopoly of brands and technology that ensures China remains a vast cheap labour platform, supplying goods at low cost to companies such as Apple and Wal-Mart. At the same time, Washington is pressuring Beijing to further open up the Chinese economy to American companies and goods.
Posted on: Sat, 20 Jul 2013 21:48:55 +0000
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