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Ethical CE - Krissy Bentley Current Event This article is...

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Krissy Bentley Current Event September 20, 2011 This article is quite interesting, because at first glance, it is nothing more than a political analysis of the potential effects of China coming into the United States. However, this article sparked my interest because in this case, the political aspects mirror the potential economic aspects that will result. As discussed in class, control of a resource is a very important issue that many people seem to wrestle with. The general consensus seems to be that giving the government too much power leads to disorganization and underallocation of resources, which in turn skews the economy and its physical numbers. Also discussed in class was the idea of protecting US producers and consumers from foreign products. Now with that said, one must look again at this bank situation. True, the bank itself is a “Chinese” bank, but how Chinese is it? It’s in America—it’s only a branch. So technically, the bank is still an American bank. Now a Chinese business man based in Beijing is pushing to buy it and make it a Chinese bank.
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