Because allowing Chinese companies to operate in the US is good for American consumers. This isn’t a zero-sum game.
That's just not true. All American tech companies can operate in China if they follow local laws, that's why Skype and iMessage are popular in China. Chinese companies have to follow the same local laws as well. Google/Facebook, etc voluntarily pulled out of the Chinese market because they don't want to follow China's draconian tech laws.
Ownership requirement is only for joint ventures. Both Apple and Microsoft operate in China in full capacity and neither companies are majority owned by the Chinese lol.
Plus, mine is but a grain of sand in China's endless beaches of data. Also, the only real solution is to use a shady VPN (that is probably owned by a government anyway).
It sucks and is terrible but I think that's just the way it is unfortunately.
I don't mean this to trivialize China's oppressive behavior. And sometimes the right way to punish regimes like China is with economic sanctions, even when those sanctions harm us as a side-effect - I don't know if that's the right answer in this case or not. But from a purely economic point of view, tit-for-tat trade sanctions are an own goal.
Now imagine if facebook were controlled by an adversarial authoritarian regime.
The policy that lead to that is American companies embracing globalism, which is, by the way, an American neo-liberal ideology.
American middle-class wealth has moved to upper-class rather than to outsiders.
"The recent stability in the share of adults living in middle-income households marks a shift from a decades-long downward trend. From 1971 to 2011, the share of adults in the middle class fell by 10 percentage points. But that shift was not all down the economic ladder. Indeed, the increase in the share of adults who are upper income was greater than the increase in the share who are lower income over that period, a sign of economic progress overall."
https://www.pewresearch.org/fact-tank/2018/09/06/the-america...
As your quote says, it's not the wealth that has moved per say, but that people have moved upward out of the middle class and brought that wealth with them with more people moving up than moving down.
I saw some comments (in this thread and some others) that seems to be of the opinion that USA has not benefitted by embracing globalization. That opinion is in contrast to what I have seen in data analysis/reports.
So I wanted to say that maybe problem is not that USA hasn't benefitted from globalization but rather that benefit hasn't been distributed appropriately.
I'm not from USA and my knowledge comes by reading about news reports and expert data analysis so I might be missing something.
90% of their income comes from wages, not investments. The last thing they want is for American businesses to operate in China, period - because operating in China typically means that manufacturing capacity gets moved there. This unfairness is only unfair to the owner class - the middle class is actually a net beneficiary of policies that make offshoring harder.
China's policies that make foreign operation in it difficult are, in that sense, actually a gift to the American middle class.
What we see right now is really just the emergence of China as an economic super-power, thanks to their gigantic internal market and their technological advances. This was predicted for the past 40 years or so and it nothing to do with the problems that the US is facing. These problems are mostly internal.