The entire Anti China narrative that is building as a result of the Corona virus is simply playing straight into the hands of the corrupt Governments that we have elected.
You can argue until you are blue in the face as to how much the Chinese Government was aware of the virus before broadcasting it to the world.
But the virus will go away and no longer be a factor in our daily lives.
The economic consequences of fractional reserve banking, the unlimited credit creation by central banks and worthless fiat money are going to haunt us for decades.
The bottom line is this. The Chinese manufacture goods for Australian and German and English and American companies at incredibly low cost because they have such low incomes and poor health and safety standards.
We benefit from these poor wages and conditions and in fact demand that they continue. We have adopted a neo-liberal economic principal the core of which is price stabilization and the only way to achieve this is with off shore manufacturing in low wage countries.
The US and by extension its western trading partners, including Australia, can only continue this debt driven growth if countries such as China buy US debt in the form of Treasuries and most importantly if the US Dollar maintains its position as world reserve currency, something which may be changing.
So to suggest we move manufacturing back to the US or Australia is to undermine the very mechanism that fuels this entire system.
And our Governments are keenly aware that this relationship will continue despite the rhetoric from the likes of Trump promising to return manufacturing back home.
Jobs will not come back to the US (or anywhere in the west) but it is an appealing promise to the AVERAGE worker who has not seen their purchasing power increase in over 40 years.
You can call China communist, or socialist, or an abuser of human rights but like most things these labels could also apply to many of our close “allies” and indeed to our own countries as well so be careful.