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China, soon to become the next world super power is expanding its military at a rapid rate. High technology, airplane manufacturers, and military manufacturers who hope to make millions if not billions selling products to China have had their hopes dashed on parliament’s steps. The U.S. has now restricted a whole host of high-tech equipment being sold to China. At the same time the government set up a preferred customer list that allows certain civilian companies to receive high-tech equipment that will not be used for China’s military. The hope is that high-tech manufacturers in the U.S. will continue to be able to sell their products and still ensure that we are not contributing to the growing threat of China’s military. China has risen its military spending by 17.8% last year to a total of 125 billion dollars. They have military contracts all over the world and recently invented a jet that blinds satellites and can destroy them with missiles. Government officials want to ensure that China does not get it hands on other technology which the Chinese government is actively attempting to acquire. The news is both good and bad for the public and for U.S. manufacturers. On the negative side U.S. manufacturers desire to sell their products unhindered to China without any restrictions from the government. With no monitoring they can build what they want, sell what they want and make as much money as they can. There is a question about what is in the best interest of society. Is it better to allow business owners to make money and potentially damage the future of the American way of life or is it better to encourage business in an economic slump? How you answer that question might depend on how you view individual achievement when compared to national achievement. At this point it appears that by allowing consideration to friendly business on the import/export of high-tech the government has effectively split their decision down the middle. They have allowed for the growth of U.S. businesses as well as restricted the growth of a potential military concern. Most countries, including the U.S., have to maintain a fine balance between free enterprise and public good. U.S. politicians are more susceptible to public pressure due to the nature of democracy where they may be voted out of office. The decision made by the government appears to be a good one. Murad Ali, a two-time published author, writes articles and offers advertisement space for businesses. Visit http://www.thenewbusinessworld.blogspot.com
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china, military, public good, suppliers.,
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