CHINA SPIKES BLACKROCK TAKEOVER OF PANAMA PORTS

       A few weeks ago, the Controlled Opposition Media was celebrating the news that the Hong Kong-based CK Hutchison Corporation was caving to pressure from the Manly Alpha Leaders in our State Department to sell its interest in two ports bordering the Panama Canal to "an American-owned company." They usually left out the minor detail that this American company was BlackRock, lest any True Believers started drawing the right conclusions about things. 

       The news of the proposed sale drew considerable anger in China. CK Hutchison is privately owned by Hong Kong billionaire Li Ka-Shing; but unlike the US, China doesn't reward wealthy Oligarchs who sell out the country by making them national heroes and giving them top positions in Government. The Chinese Media outlet Ta Kung Pao criticized CK Hutchison for “spineless grovelling” and accused the Li family of betraying national interests. "No corporation, no matter how powerful, can operate in defiance of China’s strategic imperatives," they added.

      China's State Administration for Market Regulation---a corollary to the American Securities and Exchange Commission, (except that China's version actually enforces the law)---blocked the sale pending Anti-Trust violation investigations and a review of the National Security impacts of the deal. 

    "China’s antitrust investigation is a masterstroke of regulatory leverage," opined a Hong Kong Media source. "While CK Hutchison may argue that the ports fall outside Chinese jurisdiction, Beijing’s assertion that the deal could create a monopoly over regional trade routes provides legal cover for intervention. The probe is not merely about market fairness—it is about ensuring that no Chinese-linked entity facilitates American dominance in strategic sectors."

     If Americans had any sense of shame left, the fact that State-run Chinese media doesn't engage in spineless grovelling before the billionaire class like our allegedly free press does---or that a one-Party Communist State actually puts fair trade, rule of law, and the national interest above the will of unelected CEOs while our alleged self-government bows to them slavishly---these facts ought to mortify the American consciousness. It probably won't though, since most Americans idolize status and power: the National Interest, not so much.

       China likewise announced this week a program of tariffs in retaliation for the arbitrary ones imposed by the US. Peter Navarro, an anti-China fanatic and former Democrat who switched sides during Trump's first term, has---with this Administration's proclivity for installing Czars---been installed to oversee tariff and trade policy. Navarro was one of the authors of Project 2025 put together by the Deep State cut-out, the Heritage Foundation; and was caught fabricating sources in several of his anti-China screeds. 

     "I've known Navarro for a long time," said Dan Ikenson, director of the Cato Institute's Herbert A. Stiefel Center for Trade Policy Studies---which is not exactly a Left-leaning institution---"He's a charlatan. He is absolutely saying things that 99.9 per cent of respectable economists would eschew. He says imports deduct from output, and he calls that accounting identity the 'economic growth formula'. He thinks that for every dollar we import, our GDP is reduced by a dollar. I don't know how he got his PhD at Harvard."

    However, in our era of Government By Social Media and Trash-Culture 'Conservatism,' controlling the narrative and owning the Libtards---even violently---is all that matters, and Navarro is superbly qualified for that. 

    In the world outside of the United States, some cultures still believe in standing up to Alpha Bully-Boys, and asserting their rights. It's too bad that Americans have lost the same sense of self-respect.