Tags: neal | Asbury | Global | Commerce | Conscientious | World | equity

Asbury: US Needs Leadership With Vision

Tuesday, 12 Oct 2010 01:52 PM

Neal Asbury, author of “Conscientious Equity,” says the United States needs “leadership with a vision” to settle global trade differences with China and other nations.

He contends that a Department for Global Trade would level the playing field for America in world commerce. Moving the responsibilities for international trade from Congress to a consolidated department would increase efficiency and profitably for U.S. companies and create more jobs, Asbury says.

He says that all humans really want the same things: to make a decent living and live free of corruption on a planet that’s safe for future generations.

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“We can do all those things if we live in a world that’s driven by global commerce, which can do more good than any elected officials ever can,” Asbury tells Newsmax.TV. “I’ve seen villages change because of access to trade, and, conversely, fall deeper and deeper into despair because of corruption, oligarchy and cronyism preventing trade.”

To do its part, Asbury wants the U.S. government to create a Department of Global Trade. “America is at a tremendous disadvantage because our president doesn’t have the authority to negotiate trade,” Asbury says, adding that 22 different federal offices have something to do with trade.

“It’s incredibly inefficient, costs the American taxpayer tremendous amounts of money and just doesn’t get the job done,” he notes. “Consolidating all of these into one office only makes sense.”

According to Asbury, everybody who wants a job could have one if the United States could export freely. “American exporters do not have access to foreign markets the way that foreign exporters have to U.S. markets,” Asbury notes. “It’s not that America is uncompetitive, it’s that the global trade system is skewed against us.”

One very important function Asbury’s proposed new department would have is protecting the intellectual property of U.S. entrepreneurs.

“Small businesses in America are responsible for 13 times more patents than large businesses, yet we cannot protect ourselves,” he says. “China alone is guilty of $250 billion a year of intellectual property theft — and the trade imbalance with China this year will be about $250 billion. If we only protected the American entrepreneur’s intellectual property we would essentially have a balanced trade will China.”

“What we need is leadership in this country with a vision,” Asbury says. “We talk about all these little things we need to do, but they’re not all put together in a vision that can really go out there and negotiate with our competitors and at the same time tell the American people what we need to do as a country.”

“When it comes to the currency situation, what we need is a strong leadership here with a vision that knows how to negotiate with the Asians. You don’t do it in the press, you do it behind closed doors with strong leadership that’s willing to act.”

The Chinese respect strong leadership and wisdom, Asbury points out. “In our current trade policy we have neither,” he says. “I believe that if we were to have that, they would fall in line with the sort of vision I talk about … because it’s in their interests to do so.”

“Conscientious equity is as good for China as it is for us.”

Though China has some clean energy projects, the bigger problem is that the country is creating massive pollution by building coal-fired electrical plants using antiquated coal technologies in order to keep their factories going.

Toxic “yellow wind” from China has been detected as far away as Kansas. “One nation should not be allowed to destroy its environment and those of its neighbors in order to gain some economic advantage,” notes Asbury. “We as Americans have our fingerprints all over this crime. It’s us buying all these products that these manufacturers are making using this dirty energy. The American consumer needs to see the connection in that.”

Asbury says that other emerging markets must make changes, too. “India likes to talk about being part of a global market, yet they have created this incredibly protected market,” he observes. “They have constructed these incredible barriers (to free trade).”

Brazil has also created very high tariffs. “On paper, it looks like a country that should be economically booming, but the oligarchy has created these incredible barriers” Asbury points out, noting that U.S. tariffs are less than two percent, which allows many products from India, China and Brazil to come in duty free. “They have constructed all these barriers to our products, but their products are entering the United States essentially duty free,” he complains.

It’s not in the best interest of countries such as China to dump their US bond holdings, Asbury notes, but Americans must wean themselves from dependence on China or any other nation buying so much U.S. debt.

“We should not let any nation hold us hostage,” he says. “We’ve worked ourselves into this mess and we’ve got to get ourselves out.”

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Neal Asbury, author of Conscientious Equity, says the United States needs leadership with a vision to settle global trade differences with China and other nations. He contends that a Department for Global Trade would level the playing field for America in world...
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Tuesday, 12 Oct 2010 01:52 PM
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