These ridiculous double standards from China are not free trade, and we should stop pretending it is.
These ridiculous double standards from China are not free trade, and we should stop pretending it is.
You can believe in geographical borders while also having foreign relations.
Did any outrage machine last as long as e.g. Apple's substantial market share in China? Which one's short term is evident.
Your argument veers unreasonably so into nationalism; there's no reason they shouldn't instead start investing money in Europe, or one of the dozens of other countries that could use US funds well in Asia.
Good ol'Louis knew things were messed up and he tried to rectify things. But it was too late.
https://www.newyorker.com/magazine/2017/01/30/doomsday-prep-...
When Marvin Liao, a former Yahoo executive who is now a partner at 500 Startups, a venture-capital firm, considered his preparations, he decided that his caches of water and food were not enough. “What if someone comes and takes this?” he asked me. To protect his wife and daughter, he said, “I don’t have guns, but I have a lot of other weaponry. I took classes in archery.”
...
In private Facebook groups, wealthy survivalists swap tips on gas masks, bunkers, and locations safe from the effects of climate change. One member, the head of an investment firm, told me, “I keep a helicopter gassed up all the time, and I have an underground bunker with an air-filtration system.” He said that his preparations probably put him at the “extreme” end among his peers. But he added, “A lot of my friends do the guns and the motorcycles and the gold coins. That’s not too rare anymore.”
...
Steve Huffman, the thirty-three-year-old co-founder and C.E.O. of Reddit, which is valued at six hundred million dollars, was nearsighted until November, 2015, when he arranged to have laser eye surgery. He underwent the procedure not for the sake of convenience or appearance but, rather, for a reason he doesn’t usually talk much about: he hopes that it will improve his odds of surviving a disaster, whether natural or man-made. “If the world ends—and not even if the world ends, but if we have trouble—getting contacts or glasses is going to be a huge pain in the ass,” he told me recently. “Without them, I’m fucked.”
Huffman, who lives in San Francisco, has large blue eyes, thick, sandy hair, and an air of restless curiosity; at the University of Virginia, he was a competitive ballroom dancer, who hacked his roommate’s Web site as a prank. He is less focussed on a specific threat—a quake on the San Andreas, a pandemic, a dirty bomb—than he is on the aftermath, “the temporary collapse of our government and structures,” as he puts it. “I own a couple of motorcycles. I have a bunch of guns and ammo. Food. I figure that, with that, I can hole up in my house for some amount of time.”
Huffman has been a frequent attendee at Burning Man, the annual, clothing-optional festival in the Nevada desert, where artists mingle with moguls. He fell in love with one of its core principles, “radical self-reliance,” which he takes to mean “happy to help others, but not wanting to require others.” (Among survivalists, or “preppers,” as some call themselves, FEMA, the Federal Emergency Management Agency, stands for “Foolishly Expecting Meaningful Aid.”) Huffman has calculated that, in the event of a disaster, he would seek out some form of community: “Being around other people is a good thing. I also have this somewhat egotistical view that I’m a pretty good leader. I will probably be in charge, or at least not a slave, when push comes to shove.”
...
Why would they care if people were pissed off when they can afford not to care? Especially with enough Chinese and Saudi blood money that they could blow their noses with tissues made of hundred-dollar bills? They're above your problems, they're above everyone else's.
EDIT: Not to mention whoever built the bunker knows where it is. "Ownership" isn't going to be a real thing in the circumstances where a bunker is necessary.
The person you were originally replying to's comment.
Complaining that American companies can't invest in China is strange, given that until fairly recently, the flow of investment was almost 100% in that direction. It's only in the last few years that Chinese companies have begun investing significantly in American companies.
As for "operat[ing] in China," American companies have a massive presence in China. Where are you getting the idea that American (or foreign) companies can't operate in China? It's the most important market for all sorts of Western companies. The restrictions on tech companies, specifically, have to do with political censorship. Companies that censor have access.
Or are you claiming that foreign investment into local companies hurts local companies? If so, please justify our past three decades of policy towards Asia, Africa, South America, and the post-Soviet Eastern Europe. Foreign investment into those countries owns a lot of key businesses and infrastructure, but for some reason, very few firms originating in those countries have significant investments in the US.
If openness to foreign investment is a good thing, why do you care about making it quid-pro-quo? If it's a bad thing, why do we push so hard for it?
There are a few instances where that's true (there are also a few instances where Chinese companies are not allowed to acquire U.S. companies or operate in the U.S.) but you said "I would support a wholesale ban on Chinese acquisitions of American companies". So again are you insinuating that at this moment, no American companies are allowed to acquire Chinese companies or operate in China?
Company - Sales in China - Share in China
Apple $44.8 billion 19.6%
Intel $14.8 billion 23.6%
Qualcomm $14.6 billion 65.4%
Boeing $11.9 billion 12.8%
Micron $10.4 billion 51.1%
Broadcom $9.4 billion 53.7%
The list goes on. S&P 500 firms had nearly $160 billion in sales in China in 2018.1. https://www.marketwatch.com/story/trade-war-watch-these-are-...
To avoid said double standards.
https://en.m.wikipedia.org/wiki/Committee_on_Foreign_Investm...
If you'd review https://news.ycombinator.com/newsguidelines.html and make your substantive points more thoughtfully when posting here, we'd appreciate it.