Why would some U.S. businesses defend support a communist, protectionist regime?
Posted by scapozzola on 07/23/2010
Here's one for you: Reuters reports that a coalition of U.S. business groups, including the U.S. Chamber of Commerce and U.S.-China Business Council, are urging House of Representatives Speaker Nancy Pelosi "not to include China currency legislation in a broad package of legislation aimed at helping U.S. manufacturers."
QUESTION: Why would groups of AMERICAN businesses want to defend communist China, a country that actively engages in protectionist, market-distorting trade practices?
Read more about how "China cheats."
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