People of Europe Feel China's Might

Europe has all of a sudden encountered a problem with that great trade partner known as China. Apparently, the end of quotas on textiles has shown Europe that a communist controlled economy can whoop a capitalist economy’s behind in a market system any day of the week, or in this case the first quarter of this year. As I had predicted earlier the end to the quotas has signaled the end of the European textile manufacturing industry.

Now seeing their cushy factory jobs leaving for China the Europeans, the French and Germans in particular, have started to demand measures be taken to protect their textile industries. In an ironic twist the giant bureaucracy known as the European Union, is moving very slowly on this, thus leading to losses of large amounts of jobs (20,000 in Spain, just in the first Quarter).

While the EU listens to a specially setup commission, which issued recommendations that should be taken to control Chinese textile imports; the United States has already begun to take actions to protect its own textile industry.
I just love it when the people that advocate for large bureaucracies end up getting burned by them.

This again shows that in order for China to be allowed to trade in the free market system it should first be required to give up the tight control of the economy, which gives it an unfair advantage over other countries.