That's when the Germans got the nickname "Huns" after Kaiser Wilhelm II said this to the troops he sent to China:
England fought not one but two wars with China for the right to sell opium to the Chinese. The incursion Butler refers to is only one of many done over the centuries in the name of exploiting tapping into the nation's markets. The Chinese have a deservedly large chip on their shoulders when it comes to this issue. The best he could do was to operate his racket in three districts. Looking back on it, I might have given Al Capone a few hints. In China in 1927 I helped see to it that Standard Oil went on its way unmolested. I helped in the raping of half a dozen Central American republics for the benefit of Wall Street. In short, I was a racketeer, a gangster for capitalism. Smedley Butler, two-time winner of the Congressional Medal of Honor, put it this way in his book, War Is A Racket: I spent 33 years and four months in active military service and during that period I spent most of my time as a high class muscle man for Big Business, for Wall Street and the bankers. Nicaragua, Guatemala, Iran, Chile, Vietnam, Japan and, yes, China are just a few of the nations where we have covertly or overtly used military force on behalf of business interests. is a relative newcomer its companies have been exploiting foreign economies since the 19th century, usually with the assistance of the U.S. It's because this is the exact opposite of what they are used to. The reason these companies are outraged isn't because they are being screwed by a developing nation. Apparently there's a reason his nickname is Hank and not "Due Diligence." Get this: Hank Greenberg lost money because of assets that weren't worth the price he paid for them. He claims MediaExpress repeatedly overstated its income and the size of its operations in order to make its stock more attractive. Here's another great one: Maurice "Hank" Greenberg, former chief of American International Group (AIG), is suing the Chinese company MediaExpress in U.S. Intellectual property theft! Hacking! Censorship! All these take place in China? Who knew? Apparently company executives forgot to Google the words China business problem. For example, Google (GOOG) has been complaining about Chinese business practices practically since it started playing footsie with the repressive police state.
It's difficult to know which is more irritating, the feigned innocence or the righteous indignation of these companies. That's like being surprised to find gambling in Las Vegas - and about as believable. Western companies continue to be shocked that China is filled with deceitful, corrupt businesses.
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