Who Doesn’t Trust the PRC Government?

Recall late last summer when the People’s Republic of China’s stock market melted down over the PRC government’s interference in currency exchange rates and its subsequent failures to handle the stock market result of that. In a Wall Street Journal article centered on a different matter was this little tidbit [emphasis added].

While China’s main stock index is up 20% since August, it is still down 33% from its June peak. About 15% of Chinese stocks remain suspended from trading, and trading volumes are at one-third of their June levels.

Hmm….

Allies and Arms

The Obama administration announced a $1.83 billion arms sale to Taiwan on Wednesday, drawing an immediate rebuke and threats of retaliation from Taipei’s rival Beijing.

To be sure, the stuff being sold to the Republic of China is dated and includes intangibles in addition to hardware; it consists of

two decommissioned US Navy frigates, anti-tank missiles, amphibious assault vehicles and Stinger surface-to-air missiles. There’s also support for Taiwan’s capabilities in intelligence, surveillance and reconnaissance, and a weapons system to defend against anti-ship missiles.

These get directly, if in a limited fashion, to the People’s Republic of China’s ability to conduct an invasion of the island.

The PRC’s Vice Foreign Minister Zheng Zeguang:

China resolutely opposes the sale of weapons to Taiwan by the US.

If the PRC doesn’t like it, clearly we’re on the right path. Aside from that, and more importantly, the RoC is both a long-standing friend and a critical ally in Asia. We should be supporting them. In spades and with weaponry among a host of support means.

Kudos to Obama for taking this small step toward redressing the shortfall in the RoC’s ability to defend itself. We need to do much more of this.

What’s He Afraid Of?

Chinese President Xi Jinping called for individual countries to have broad authority to regulate the Internet at home, outlining a digital future in which governments could set online standards and challenge the free flow of information and content across borders.

Why is the leadership of the PRC so terrified of the free flow of information, of free speech?

Oh, wait.

The Coercive Power of the State

This is the Progressive Democratic Party of Hillary Clinton and Barack Obama, as articulated by California Governor Jerry Brown (D). At the just concluded Paris “Climate” Summit.

Tom, you used the phrase “policy.” Good policy. But I want to unpack that term a little bit. Inside the policy, you need a law. You need a rule. You need the coercive power of government to say, “Do this.” Now, you have to be wise and don’t say something stupid or order something stupid but the fact is, the regulations supported by the laws drive innovation.

And

You do have to have, at the end of the day, a regulation, a law. Progress comes from well-designed regulatory objectives that business then follows.

You can be sure California is going to keep innovating, keep regulating. And, shall I say, keep taxing.

All for the very best of causes. This complements the Left’s drive to take our weapons.  All for the very best of causes.  All for political power.  And, we mustn’t neglect Mao Tse-tung’s position:

Political power grows out of the barrel of a gun.

French Regional Elections

The Sunday before last, France held the first of two rounds of Regional elections, elections which would determine who sits in the Regional governments and so will have considerable influence in France’s national elections in 2017 (French Departments, sections of Regions, have more legislative authority and more influence on national elections and the national government). Marine Le Pen’s National Front led strongly at the end of that first round. The National Front is ultra-rightist, ultra-nationalist, anti-immigration, anti-Semitic, and anti-free market; it’s the quintessential Government is the solution and the Only Option party in France.

Last Sunday, after some…arrangements…between Nicolas Sarkozy’s center right/right Les Republicains and François Hollande’s French Socialist Party wherein the Socialists withdrew their candidates in a number of Regions so as to allow the Republicains’ candidate to collect more votes, the National Front was nearly completely shut out: the Socialists appear to have won five of the Regional elections, the Republicains seven or eight, and the National Front may have won in Corsica.

However.

The following table shows each major party’s performance by region. The bolded candidates received the most votes, and were thus elected president of their respective regions. The Union of the Right is, essentially, Nicolas Sarkozy’s group, the Union of the Left is, essentially, François Hollande’s, the National Front is Marine Le Pen’s, and Regionalists are regional local candidates.

Region Union of the Right Union of the Left National Front Regionalists
Alsace-Champagne-Ardenne-Lorraine Philippe Richert
1,060,029 (48.4%)
Jean-Pierre Masseret
339,749 (15.51%)
Florian Philippot
790,141 (36.08%)
Aquitaine-Limousin-Poitou-Charentes Virginie Calmels
798,142 (34.06%)
Alain Rousset
1,037,330 (44.27%)
Jacques Colombier
507,660 (21.67%)
Auvergne-Rhône-Alpes Laurent Wauquiez
1,201,528 (40.61%)
Jean-Jack Queyranne
1,089,791 (36.84%)
Christophe Boudot
667,084 (22.55%)
Bourgogne-Franche-Comté François Sauvadet
382,177 (32.89%)
Marie-Guite Dufay
402,941 (34.68%)
Sophie Montel
376,902 (32.44%)
Brittany Marc Le Fur
387.836 (29.72%)
Jean-Yves Le Drian
670,754 (51.41%)
Gilles Pennelle
246,177 (18.87%)
Centre-Val de Loire Philippe Vigier
355,475 (34.58%)
François Bonneau
364,211 (35.43%)
Philippe Loiseau
308,422 (30.0%)
Corsica José Rossi
40,480 (27.07%)
Paul Giacobbi
42,607 (28.09%)
Christophe Canioni
13,599 (9.09%)
Gilles Simeoni
52,839 (35.34%)
French Guiana Rodolphe Alexandre
21,163 (54.55%)
Alain Tien-Liong
17,361 (45.45)
Guadeloupe Victorin Lurel
72,721 (42.48)
Ary Chalus[7]
98,464 (57.42%)
Île-de-France Valérie Pécresse
1,629,249 (43.8%)
Claude Bartolone
1,569,093 (42.18%)
Wallerand de Saint-Just
521,383 (14.02%)
Languedoc-Roussillon-Midi-Pyrénées Dominique Reynié
520,011 (21.32%)
Carole Delga
1,092,969 (48.81%)
Louis Aliot
826,023 (33.87%)
La Réunion Didier Robert
173,592 (52.69%)
Huguette Bello
155,896 (47.31%)
Martinique Serge Letchimy
70,776 (45.86%)
Alfred Marie-Jeanne
83,541 (54.14%)
Nord-Pas-de-Calais-Picardy Xavier Bertrand
1,389,316 (57.7%)
Withdrew Marine Le Pen
1,015,649 (42.23%)
Normandy Hervé Morin
495,591 (36.43%)
Nicolas Mayer-Rossignol
490,840 (36.08%)
Nicolas Bay
374,089 (27.5%)
Pays de la Loire Bruno Retailleau
620,245 (42.7%)
Christophe Clergeau
545,637 (37.56%)
Pascal Gannat
286,723 (19.74%)
Provence-Alpes-Côte d’Azur Christian Estrosi
1,073,485 (54.78%)
Withdrew Marion Maréchal-Le Pen
886,147 (45.22%)

France can take a measure of satisfaction at having beaten back the National Front of Marine Le Pen. The French economy, much less its foreign policy, would have been badly damaged by the National Front’s policies.

But it’s only a temporary setback, as those numbers for Regional President indicate. Those nationalist, anti-Semitic, and anti-free market folks didn’t lose very many races by a large margin. They’re still a threat for the 2017 national elections.