(Sept. 22, 2009) — Having had the opportunity to read Nina Ying Sun's China Perspective [“Let China savor this moment,” Aug. 25, Page 6] I applaud her article (somewhat).
To better understand the roots of resentment toward China, one must be an individual from this country or other countries who is currently unemployed and “on the bubble” of losing all they have worked for, for many years.
I, myself, am struggling to stay afloat in these troubled economic times. However, I do not blame China for our total economic woes. Instead, one must be able to intelligently dissect and understand the total fabric of our business structure in this country. China is not illegally or immorally over here grabbing and tugging at our business. Instead, let's look at corporate America, our political system and our stock market.
Our corporate system today is simply more greed-structured than ever in the history of this nation. Just how much money does one require to live today? I cannot fathom what a corporate chief executive officer could possibly need with the millions of dollars they make annually. You can only wear so many clothes, eat so many steaks, own so many cars, and float on one boat at a time. CEOs certainly are not dropping commodity prices when going to China. Instead, they acquire more wealth in the form of huge bonus checks at the end of the year.
Our stock market and stock holders are drivers to corporate America. Nobody likes to lose money or even stay at the same pace. Therefore, if the CEO does not perform for their benefit, he too is in the unemployment line. Little choice, wouldn't you agree? I still believe, however, that the board of directors should look strongly at whether they should be rewarding CEOs so generously.
Then comes our political system. The best system developed yet, but far from being perfect. It's a basic two-party system with a common, single objective: gather as much in taxes as possible and disperse it as they please. Don't see China in this equation at all. Every year it just seems to get worse and worse. I know our government was originally formed by great people and honest intentions, but somewhere it just went south and is still strongly on that path.
With all of this being said, does China really wish to be as we are? If they only knew.
I loved viewing the Beijing Olympics. It's sort of the only place where all nations can somewhat be represented equally. I did not hold one thing against China, as they did host a marvelous event.
I personally blame our system and not China for our economic situation. Through synergy, China will evolve, no doubt about it. It will not be in my lifetime but it will happen. I wish I could be there to take a pulse check on opinions then.
I hope this somewhat answers Ms. Sun's question as to why Americans feel the way they do, and also gives her an insight into the real root of the problem.
Enjoyed the article.
Maxcy Molding Technologies Inc.
Fort Worth, Texas