Trump’s Right to Say He’s Not Launching a Trade War With China. He’s Doing Something Bigger.

[endicom]

The Daily Beast
Gordon G. Chang
Apr. 6, 2018

Hours ago, President Trump, acting under the authority of Section 301 of the Trade Act of 1974, instructed U.S. Trade Representative Robert Lighthizer to consider the imposition of tariffs on $100 billion of Chinese goods. These tariffs are on top of those Lighthizer proposed Tuesday on $50 billion of China’s products. All these duties are intended to remedy China’s theft of American intellectual property.

“We are not in a trade war with China,” President Trump tweeted Wednesday morning.

The president is correct. What looks like a trade war is really a struggle for the control of the technologies that will dominate coming decades.

More... https://www.thedailybeast.com/trumps-right-to-say-hes-not-launching-a-trade-war-with-china-hes-doing-something-bigger

[To-Whose-Benefit?]

Thanks for posting.

Imagine a World without Communists/Socialists/Democrats.

! No longer available

"Spirit of Moravia"

[Right_in_Virginia]

A little more from the essay ...

Yet the current relationship between China and the U.S. needs to be disrupted. Chinese theft of intellectual property is sapping American innovation and therefore America’s economy. The IP Commission, in a 2017 update (PDF) to its landmark 2013 report, estimates the U.S. each year loses somewhere between $225 billion to $600 billion in intellectual property through predatory means. It almost goes without saying that most of that loss is, directly or indirectly, to China....

If Washington is not going to help create the technologies of the future, it at least has to protect what the private sector in the United States develops. No one likes trade friction, but after decades of failing to stop Chinese theft, there are no more no-cost solutions. And there is now no choice but to impose costs on China greater than the benefits it obtains from theft.

As Trump said, this is not a trade war. This is a contest for control of critical technologies, in other words, for the future.

[endicom]

A little more from the essay ...

Yeah, free trade is good but only if equitable.

[Cyber Liberty]

The president is correct. What looks like a trade war is really a struggle for the control of the technologies that will dominate coming decades.

The technology theft is ruining my company, and it's getting worse.  They've been gradually moving my R&D work to Tianjin, so I'm just hoping my job lasts a couple more years before the whole thing collapses.   I'm hoping our company gets bought by another company in the US, but China is blocking it.

[endicom]

The technology theft is ruining my company, and it's getting worse.  They've been gradually moving my R&D work to Tianjin, so I'm just hoping my job lasts a couple more years before the whole thing collapses.   I'm hoping our company gets bought by another company in the US, but China is blocking it.

What you describe is not free-market activity but economic rape. We have to play by the rules of international agreement while the PRC does as it pleases.

[Cyber Liberty]

What you describe is not free-market activity but economic rape. We have to play by the rules of international agreement while the PRC does as it pleases.

The suits running my company walked into it with eyes wide open.  They don't care, they rather like being raped.

When you get a corrupt Board of Executives, they only care about their golden parachutes, and will sell the rest of the company out for 30 pieces of silver.  My piece of the place has passed from one investment house to another since the early 90's, each time with a new set of board members fattening their wallets on the way out the door.  There's lots of money to be had in the tech giants, it's a capital intensive industry.  Bain Capital was one of the houses that has owned us.  They're the ones who mismanaged Toys R Us and I Heart Radio into total bankruptcy (no reorganization, just bye-bye).

Want to see a tech company fail in a long, slow twist in the wind?  Kick the Engineers out of the boardroom and put the green eye-shade guys in charge.  Good bottom line...while it lasts.  This almost killed all Big Three automakers in the 70's, and they're never recovered their luster. 

[endicom]

The suits running my company walked into it with eyes wide open.  They don't care, they rather like being raped.

When you get a corrupt Board of Executives, they only care about their golden parachutes, and will sell the rest of the company out for 30 pieces of silver.  My piece of the place has passed from one investment house to another since the early 90's, each time with a new set of board members fattening their wallets on the way out the door.  There's lots of money to be had in the tech giants, it's a capital intensive industry.  Bain Capital was one of the houses that has owned us.  They're the ones who mismanaged Toys R Us and I Heart Radio into total bankruptcy (no reorganization, just bye-bye).

Want to see a tech company fail in a long, slow twist in the wind?  Kick the Engineers out of the boardroom and put the green eye-shade guys in charge.  Good bottom line...while it lasts.  This almost killed all Big Three automakers in the 70's, and they're never recovered their luster.

I had similar experience with working for a major company gone bankrupt. The problem was not with outside entities but an insider grab bag culture. If you took the job seriously then you were just some sap.

[Cyber Liberty]

I had similar experience with working for a major company gone bankrupt. The problem was not with outside entities but an insider grab bag culture. If you took the job seriously then you were just some sap.

I can understand that.