Red Star Over Wall Street: U.S. and China Lock Horns Over Audits; $1.4 Trillion in U.S. Stock Value at Risk

The author of this piece is concerned about ‘transparency’ and the security of American investments, and the ‘reputation’ of the American stock exchanges. (Can’t say she doesn’t have a sense of humor.)  The fact is that many of the ‘Chinese’ companies are owned, at least in part, by the same folks who own just about everything else listed on these exchanges. At the top of the capitalist food chain one finds the same people. In exchange (that word again) for abandoning communism in everything but name, the Beijing elite were cut into the global capitalist economy. The reason China is allowed to operate in and profit from the American economy while at the same time refusing to allow for ‘transparency’ is that the aforementioned plutocrats want it that way. Capital has no country. The big dogs move their money around wherever the see an advantage. China’s secrecy is shielding American investors from tax liability and who knows what else. This is a charade performed to perpetuate the myth that the american government is looking after the interests of its people.

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