China “Pwns” Us: How the Chinese Are Buying Up America
China “Pwns” Us: How the Chinese Are Buying Up America Byfor Libertas Bella
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The People’s Republic of China isn’t exactly a favorite of the American public. Since the Wuhan Coronavirus outbreak of early 2020, Americans are questioning whether or not all of that cheap plastic junk from Wal-Mart doesn’t come with a hidden cost.
It’s not just about the virus: There is also the spectre of deindustrialization, which has been a social disaster for the United States, particularly the rust belt. What’s more, Tucker Carlson and others reported during the early days of the Wuhan Coronavirus outbreak that the United States was dependent on China for basic medical supplies, such as penicillin.
Carlson’s comments are incredibly important, especially when we begin drilling down further into just how reliant the United States is on China: 97 percent of all antibiotics and 80 percent of all active ingredients in American pharmaceuticals come from China. In 2017 alone, the United States imported a whopping $4.6 billion in foodstuffs from the People’s Republic of China.
The corporate press has largely been silent on this matter, which isn’t surprising: They have a long history of sympathy for the People’s Republic of China and virtually all enemies of America and liberty. But there is also a deep presence by the People’s Republic of China in the United States, both in our media and in our economy, specifically in the real estate market.
If it sounds insane to you that United States laws allow a hostile foreign power to own both media and land in this country, well, you’re not alone. And while it might sound like we’re making a mountain out of a molehill, if you read the following article you will probably be amazed at just how deep the rabbithole of Chinese influence in the American media and economy goes.
This is nothing less than the defining national security issue of our age.
China Buying U.S. Land: How Much Land Does China Own in the U.S.?
American prosperity has largely been built on a dual foundation: cheap land, expensive labor. Until Ted Kennedy’s Immigration Act of 1965, Ronald Reagan’s Amnesty of 1986 and NAFTA opened up the floodgates of Third World immigration (both legal and illegal) this formula basically held firm.
When there was not enough labor, employers had to pay more rather than simply importing massive amounts of cheap labor from countries with little in the way of worker protections.
The same laws allowing for a massive influx of cheap labor have also destabilized the American real estate market: More buyers means more demand means higher prices for those looking to buy a home.
There are a myriad of social consequences from this, chief among them that family formation is more expensive and thus less attainable for the average young American worker in the 21st Century than it was in years past.