China as Excuse: Special Interests Mulct Americans in the Name of Battling Modern “Yellow Peril”

Source: Cato Institute
by Doug Bandow

“China has become the latest all‐​purpose excuse for new spending and regulation in Washington, D.C., and not just for the military. In June, the Senate approved the 2,400-page ‘Strategic Competition Act of 2021,’ which spreads cash far and wide to American industry in the name of confronting the Chinese menace, essentially a revamped version of the old Yellow Peril that generated panic and discrimination in the 19th century. Beijing appears likely to replace the so‐​called Global War on Terrorism as the most common go‐​to justification for bigger government.” (10/04/21)