China – Taiwan: trade and prosperity
A round of applause to the AWC researchers that copiously scour the internet looking for stories.
One of the gems on the frontpage involves a recent timeline of economic relations between China and Taiwan since the election of Ma.Â Notice how it is almost the exact opposite of what the current US administration has towards Iran.
There is an old parable attributed to Frederic Bastiat which states that when goods and services do not cross borders, armies will.
One of the underlying reasons for why this observation typically holds true is that businesses and patrons have personal wealth at stake and can pressure the political class and military brass to be more diplomatic in negotiating with foreign states.
After all, in order to remain solvent, businesses do not want their employees, enterprises, buildings or customers to be blown up.
As a consequence to warming relations, in 2007 alone, cross-strait trade between China and Tawain grew 16% to more than $100 billion.
In contrast, for nearly three decades, the US federal government has levied both sanctions and penalties on firms that conduct business with Iranians.Â And HR 362 will amplify this imperial boycott to the extreme, with a naval blockade.