Han Dongping: The Yuan Can't Solve U.S. Problems

Han Dongping is Professor of History and Political Science at Warren Wilson College, NC. The views expressed here do not necessarily reflect those of the China Daily website.

...As the only superpower of the world, the U.S. has a tendency to blame its problems on others. It wants other countries to take the medication for its illness, and it wants other countries to pay the price for its mismanagement of its finance and economy. The most recent bill the U.S. Senate passed on Monday is to pressure China to value its currency is such a measure again. This bill is arbitrary and unreasonable, and will not help the U.S. solve its financial and economic crises in the end....

One of the protesters in New York said it as well. America has so much wealth that would allow everybody to live adequately if it had been distributed more evenly.

The U.S. government should stop blaming others for its own problems, and stop forcing others to take the medication for its own illness. Instead, it should start by doing three right things: cut its senseless military overspending, end the senseless wars overseas and give the middle class a break by taxing the rich more. With these three right measures, America will surely be able to solve its problems gradually....