My Times
" By now, the annual congressional renewal of China's benefits is almost as much a rite of summer as the All-Star Game. Why pretend it is in doubt? Because this charade ultimately serves many interests. Members of Congress derive campaign contributions--and lobbyists, consultants and trade associations make money--by convincing American businesses that if they don't fork over huge sums, U.S. firms soon may lose forever the right to trade with China. And news organizations get to purvey a false atmosphere of suspense by suggesting conflict or impending doom. ." |