Is America Too Corrupt to Keep Up?
A sovereign nation investing its wealth in its domestic economy seems like a no-brainer, especially during a global recession. But in this crazy age of American politics, even that has become a controversial notion.
This is the subtext of a dispute that simmered beneath the pomp and circumstance of this week’s U.S.-China summit. As The New York Times previously reported, the Obama administration is calling on the World Trade Organization to use its power to halt the Chinese government’s wind-energy fund specifically because the money is “contingent on … manufacturers using parts made in China rather than foreign-made components.”
The program, along with the Chinese regime’s broader domestic procurement requirements for wind farms, have helped the Chinese wind industry capture almost half of the global market for turbines.