Exclusive: Will the US Boycott Beijing Winter Olympics? Tea Party Leader Reminds China: the U.S. Boycotted Moscow 1980

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More than 180 human rights organizations have called for a boycott of the Beijing 2022 Winter Olympics protest China’s mass human rights abuses. But the U.S. government, which leads the “free world,” has so far not supported the boycott it. In response, Michael Johns, a Tea Party leader and former speechwriter for U.S. President George H. W. Bush, reminded China in an interview with Eat News that the U.S. boycotted the Soviet-hosted Moscow Olympics in 1980. “It’s a big symbolic step.”

In early February, 180 human rights groups, including the World Uyghur Congress and the International Tibetan Network, called on world leaders to boycott the 2022 Beijing Winter Olympics and described the event as “a genocide Olympics”. In response, Biden White House spokeswoman Jen Psaki said, “We’re not currently talking about changing our posture or our plans as it relates to the Beijing Olympics.” And the U.S. Olympic and Paralympic Committee said it believed it was more effective for governments to engage China directly on human rights concerns, and boycotts “have been shown to negatively impact athletes while not effectively addressing global issues.”

The Tea Party, whose many members are Republican congressmen or congresswomen, has spoken out about the boycott of the 2022 Winter Olympics in Beijing. Tea Party leader Michael Johns told Eat News, “I remember our last incident with this with the Soviets when they invaded Afghanistan 1979, I guess it was part of the 1980 picks, and we didn’t participate. I know that it’s a big symbolic step and an act. And I know that China’s going to take these Olympics very seriously. But I also believe you don’t change behaviors that are this ingrained, or this serious, simply with acts of that nature.”

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But Johns’ analy is that a boycott of the Beijing Winter Olympics must be viewed from two perspectives. If you are an athlete who has dedicated your life to the sport to get to the Olympic Games, “If you were that person who dedicated your whole life, now you’re aspiring to get to the Olympics. And you’re not you’re not being allowed to go? Because the Chinese government has persecuted millions of people because of their religious affiliation and their ethnic affiliation.” Johns continued, “On the other hand, we have to be strong and forceful on the Uighurs. And we’ve been strong and forceful on these human rights matters. And not just in a rhetorical way, I think they’ve got to work into foreign policy.”

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By

Fausto Chou is a Taiwanese journalist. He has been the executive editor of the Eat News since June, 2020. He previously worked for the Eastern Television (ETTV) and Formosa Television (FTV) as a journalist.

By

Eat News is a Taiwanese digital media, analyzes current events and issues through column articles, videos, visual aid, and exclusive interviews.

6 thoughts on

Exclusive: Will the US Boycott Beijing Winter Olympics? Tea Party Leader Reminds China: the U.S. Boycotted Moscow 1980

  • Siobhan Millavic

    Wow this post really gave me new insights. Really glad I read it. I got hooked at the last paragraph explaining the meaning of liabilities.

    • Andre Dubus

      Hi Siobhan,

      Thanks for your comment. Congratulations on your new home! Buying a home is usually a difficult subject to classify as an asset vs liability. A lot of it depends on the price of the house, what country you live in, the interest rates etc… However, I tend to stick to the definition of: If it puts money in your wallet it\’s an asset and if it takes money out of your wallet, it\’s a liability. So if I were to buy a house using a loan, and I need to pay that loan every month I may think it is a liability. However, if I rent a room in the house, or list it on AirBnb and someone pays me rent every month which covers the loan, then maybe it is an asset.

      The reason why I tend to think buying a house with a loan is a liability more than an asset is because owning a home also comes with a lot of other expenses. Other than the initial cost of ownership, there are many costs to maintain the house over time. Expenses like taxes, insurance, repairs, and it costs money to sell it (typically 3-7% in Canada depending on what region). That\’s a lot of money to sell your asset in comparison to other assets. For example, a $500,000 house would cost you $15,000 to sell, while the same amount of money invested in a stock in the stock market would cost you around $5 to sell (or free to sell depending on your brokerage). So it costs a lot of money just to get you your own money….

      While I know a few people who own multiple houses and who rent them out, they may make money each month, but they also have a huge amount of debt which needs to be paid off and if the rate of interest changes, the bank will take their home depending on the loan agreement.

      So I really think it depends on how you use your home, will determine if it\’s an asset or a liability. I currently do not own a home, but in Toronto where I live, a single detached house may cost around $1 Million dollars and would still need to be fixed up. Which way do you think about it? Do you think it is an asset or a liability?

  • Ron Faucheux

    We have bought a home but we have taken loan for that… Is it a asset or a liability??

    • Andre Dubus

      Hi Yana! Thanks for your comment – I\’m really glad you found value in this post. I\’m happy I explained liabilities in a way that resonated with you.

      Buying income generating assets is how you build wealth over time. It can be very temping to cash out and spend money on other fun things (liabilities), but I always remember every dollar I spend on a liability, I\’m missing out on putting that money to work for me. And not just the work it could be doing today, but all the years of work in the future especially as money grows and multiplies over time.

  • Ralph Fiennes

    You have probably read or heard about Robert Kiyosaki and his uber-famous financial book Rich Dad, Poor Dad. I have some issues with Kiyosaki’s overall up-sell business model, but this book contains a very useful idea for wealth building . Here is how Kiyosaki describes it :

    \”You must know the difference between an asset and a liability, and buy assets…. Rich people acquire assets. Poor and middle class people acquire liabilities, but they think they are assets.\”

    • Andre Dubus

      Kiyosaki defines an asset as anything that puts money in your pocket. A liability is anything that takes money out of your pocket. The big mistake that poor and middle class people make, according to Kiyosaki, is spending their lives buying liabilities instead of assets. He teaches that if you want to be rich you simply need to spend your life buying assets.

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