Capital, an AMORAL force moves, we congratulate Mr. Obama

Financial Times:

Europeans defy US to join China-led development bank

France, Germany and Italy have all agreed to follow Britain’s lead and join a China-led international development bank, according to European officials, delivering a blow to US efforts to keep leading western countries out of the new institution.
The decision by the three European governments comes after Britain announced last week that it would join the $50bn Asian Infrastructure Investment Bank, a potential rival to the Washington-based World Bank.
Australia, a key US ally in the Asia-Pacific region which had come under pressure from Washington to stay out of the new bank, has also said that it will now rethink that position.
The European decisions represent a significant setback for the Obama administration, which has argued that western countries could have more influence over the workings of the new bank if they stayed together on the outside and pushed for higher lending standards.
The AIIB, which was formally launched by Chinese President Xi Jinping last year, is one element of a broader Chinese push to create new financial and economic institutions that will increase its international influence. It has become a central issue in the growing contest between China and the US over who will define the economic and trade rules in Asia over the coming decades.

The USA has developed NO ANSWER to the UNFAIR TRADE of cheap, union-less, condition poor, labor in China. Why not? We are approaching 7 years since this man became president in the 2008 election.
Seen this on ABC, CBS, NBC, PBS?
No?
Wonder why?