Friday, August 3, 2012

The New Ugly Americans

One of the saddest and most tragic things in history is to witness a nation trying to exercise its power long after the economic origins of that power have gone into decline. Think of Austria languishing as the rest of Europe industrialized or France trying to defend itself against Germany in 1940 or even Russia trying to play the Cold War combatant even as Communism rotted it from within.
Today we are undergoing a similar dance in our economic relation with China. And wouldn't you know, it's our liberal friends in Congress, so enthusiastic about hamstringing American enterprise, who are the last to realize that they are undercutting our political hegemony as well.
I am speaking, of course, of Senator Charles Schumer of New York and Representative Edward Markey of Massachusetts, both of whom have decided we are in a position to tell a Chinese company that it cannot acquire a Canadian company because… well, because we're Americans and the world has to pay attention to what we say.

Read more: http://spectator.org/archives/2012/08/03/the-new-ugly-americans

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