President Donald Trump Planned Presidential Order To strengthen the United States, shipbuilding acknowledges the difficult truth. China has won the battle for the world economy, at least in the maritime sector.
The United States defeated Japan at the Pacific Theatre in World War II. America has shown off its excellent industrial base by launching ships that do not serve their purpose beyond morale-boosting. Floating ice cream factory.
But today, our major global enemy, China, has 200 The US shipbuilding capabilities have been repeated, and Beijing has a great advantage in the Navy’s war of attrition.
The fact sheet accompanied by Trump’s EO points out exactly that China has achieved “a position of dominance in the global market through unfair non-market practices,” but this is not a simple case of socialism and capitalism. Whether unfair or not, it is a very real and serious issue that we must acknowledge and face.
Ironically, American companies are far more difficult than their counterparts in communist China. Not only do American shipyards face much more severe environmental reviews than many foreign competitors, they also face vast regulations and one punch of organised labor.
Instead of addressing workplace health and safety concerns through legal tort systems or collective bargaining with workers, shipbuilders (and manufacturers of all stripes) are forced to spend billions (and years of expenses complying with invasive government rules. These in turn New starting point For every future labor negotiation.
Neither side of this geopolitical competition follows the principles of free markets. The difference is that while China stimulated the shipbuilding industry with state subsidies, we killed ours with overregulation. Free markets are more effective at solving problems than top-down state management, but not when those markets are choking out by government deficits.
This pattern extends to other parts of the economy. The Chinese Communist Party will pour billions into subsidies from Huawei, a telecommunications company that manufactures 30% of the world’s 5G network equipment. Cisco, the closest US competitor, has a market share of approximately 5%. If Huawei takes the lead in moving developing countries to 5G, China will earn hundreds of billions of dollars in profits, with greater leverage than countries that rely on its technology and equipment.
In a truly free market, new US companies will face the challenge of competing with Huawei. Instead, and ironically, the over-adjusted market we actually have is aggressive Prevention From doing so. (Related: Bar: European climate control movement is alive and still kicking)
For example, the Department of Justice’s antitrust division Litigation In January, Hewlett Packard Enterprise was designed to block the acquisition of a competitor called Juniper. Together, the companies have more resources to challenge Cisco’s dominance of the domestic market (some Huawei products are banned in the US). But before that happens — and unless Trump’s Attorney General Pam Bondy intervene — Hewlett Packard and Juniper are forced to spend time and money in court to fight their government.
The Bao Steel Factory was in the morning in Batou, Inner Mongolia, China. Baotou is an excellent example of one industrial town, and its industry is steel. Baotou is also famous as a major contaminant, mainly from the large Bao Steel Factory. As Baotou sits west of Beijing, much of Beijing’s infamous smog and haze comes from cities such as Baotou lying west. With the stimulus package allocated to infrastructure and housing, China’s environmental targets have been put on hold for a foreseeable future. Baotou residents may not mind, but they are wondering about Beijing residents. (Photo of Ryan Pyle/Corbis via Getty Images)
Beijing also pursues energy security through all available means, including importing liquid natural gas, improving oil refining capabilities, and long-term contracts for increasing solar, wind and hydropower. In recent years, Chinese Communist Party-controlled government has granted 1-2 New coal plants Every week (95% accounting of global Coal plants construction), even if they built many many New nuclear power plant As the rest of the world put together.
It made the problem worse for us and better for China, former President Joe Biden cancelled the Keystone XL pipeline, suspends on LNG exports, and hastens a hundred million dollars of green energy subsidies (mostly purchased) Chinese Solar panels and electric car batteries), and Beijing oil from Ours Strategic Oil Reserve.
Additionally, due to harsh environmental regulations and complex permitting processes in Washington, they have not built coal plants since 2013. Stagnation Over the past quarter century. (Related: Lee Zeldin reportedly took a major shot at the heart of Dems’ Climate Agenda)
The same story continues to repeat itself. China will subsidize during the US self-disaster.
Luckily, it’s never too late to change courses. President Trump has already moved Streamline permissions We are committed to and for new energy projects Reduce 10 regulations About all the new things his administration creates. He also places tariffs on Chinese goods, informing the US will no longer handcuff their companies while China is cheating with their companies.
The bottom line here is that China is not the biggest threat to America’s economic power. It is that our own government has refused to allow our businesses to compete on a level playing field. Now, if you don’t cut the red tape, you’re giving China the future of energy to a silver platter.
Bobbar represented Georgia’s 7th District in the US House of Representatives from 1995 to 2003. He served as a US lawyer in Atlanta from 1986 to 1990 and was a CIA employee in the 1970s. He currently practices law in Atlanta, Georgia and serves as president of the National Rifle Association.
