{"id":12,"date":"2005-06-28T20:02:31","date_gmt":"2005-06-29T00:02:31","guid":{"rendered":"http:\/\/blogs.law.harvard.edu\/marxisminternational\/2005\/06\/28\/who-lost-china-the-seque"},"modified":"2005-06-28T20:02:31","modified_gmt":"2005-06-29T00:02:31","slug":"who-lost-china-the-sequel-june-28-2005","status":"publish","type":"post","link":"https:\/\/archive.blogs.harvard.edu\/marxisminternational\/2005\/06\/28\/who-lost-china-the-sequel-june-28-2005\/","title":{"rendered":"Who “Lost” China? — The Sequel (June 28, 2005)"},"content":{"rendered":"

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The debate about whether the China National Offshore Oil Corporation<\/A> should be “allowed” to buy Unocal<\/A> for close to $20bn (they’ve outbid cheapskate Chevron by nearly $2bn) is raging with a ferocity not seen since the early days of the Cold War.  Back then, the question of the day was “Who Lost China?” [sic], as if it was somehow “ours” to “lose”.   America’s pugnacious puppet Generalissimo Chang Kai Chek (who had earned the nickname “Cash My Check” by his mercenary dealings with the US State Department) had just fled to Formosa with his entourage of tennis rackets and grand pianos trailing in his wake.   “The Chinese people have stood up” declared Mao, precipitating a witch hunt within the State Department that ultimately ended careers and destroyed lives.<\/P>
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Well, times have changed.   Somewhat.    Now, the overwhelming concern in official Washington is that “protectionism” and “China-bashing” be reigned in before it puts a hole in the pocket of American investors in Asia.    There are it is true deep schisms within the ruling establishment which roughly play out to a struggle between “American values” and the ever-present hunger for the Almighty Dollar.   One should not make too much of this dichotomy; the Almighty Dollar will win, as it always does, if for no other reason then the “values” choir is always more hot air than substance and is at heart no less mercenary than its “secular” brethren.   At the same time, the issues of dealing with the “Chi-Coms” (that’s Nascar talk for the bogey Chinese Communists who are waiting to buy the other 97,297 American companies — they already own parts of Maytag and IBM) are being thrown in sharp relief.   China is a looming fact of life.   And the Chinese are standing taller than ever.    <\/P>
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That<\/EM>, I suspect, is what has much of the American establishment in an uproar.<\/P>
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 <\/P><\/p>\n","protected":false},"excerpt":{"rendered":"

The debate about whether the China National Offshore Oil Corporation should be “allowed” to buy Unocal for close to $20bn (they’ve outbid cheapskate Chevron by nearly $2bn) is raging with a ferocity not seen since the early days of the Cold War.  Back then, the question of the day was “Who Lost China?” [sic], as if it […]<\/p>\n","protected":false},"author":1120,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1428],"tags":[],"class_list":["post-12","post","type-post","status-publish","format-standard","hentry","category-marxisminternationstories"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/archive.blogs.harvard.edu\/marxisminternational\/wp-json\/wp\/v2\/posts\/12","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/archive.blogs.harvard.edu\/marxisminternational\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/archive.blogs.harvard.edu\/marxisminternational\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/archive.blogs.harvard.edu\/marxisminternational\/wp-json\/wp\/v2\/users\/1120"}],"replies":[{"embeddable":true,"href":"https:\/\/archive.blogs.harvard.edu\/marxisminternational\/wp-json\/wp\/v2\/comments?post=12"}],"version-history":[{"count":0,"href":"https:\/\/archive.blogs.harvard.edu\/marxisminternational\/wp-json\/wp\/v2\/posts\/12\/revisions"}],"wp:attachment":[{"href":"https:\/\/archive.blogs.harvard.edu\/marxisminternational\/wp-json\/wp\/v2\/media?parent=12"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/archive.blogs.harvard.edu\/marxisminternational\/wp-json\/wp\/v2\/categories?post=12"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/archive.blogs.harvard.edu\/marxisminternational\/wp-json\/wp\/v2\/tags?post=12"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}