Thursday, December 9, 2021

China

Back in the 1980's South Africa was a racist country with the white minority controlling all aspects of the economy. Americas were upset and the US placed sanctions on South Africa and this was followed up with many pension plans divesting of all South African assets. Will the US today take steps to challenge the racism in China where the Uyghurs are treated as slaves or in Afghanistan where women are slaves. Where are the civil rights leaders? Where are the women's groups? Will our government place sanctions on China? Will pension plans remove Chinese assets from their portfolio? Don't hold your breath. We can't even get the NBA to get out of China. When there is money involved all those idealistic ideas go by the wayside. 80% of the ingredients used in prescription drugs are produced in China. It might be wise to make some changes here even if it cost more. That advise could be appropriate for many products in the supply chain. Made in America and cost more but it's worth it.

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