The current world order is grossly unfair … historians of an enlightened future may come back to view our times as the dark ages … when humans remain bonded to and oppressed by the hegemony and ideology “markets,” “rule of law,” “freedom” and “democracy”.
The pure hypocrisy of the world is never ending. And here is just one other small case study…
China is often accused by U.S. and Europe and Japan of over-protecting its economy from foreigners. The foreigners want more access but Chinese are greedy; they disregard any concerns of China of over dependence on foreign nations for critical sectors of technology. Continue reading U.S. Complains of Current Account Deficit and China Appetite for Western Technologies – A Self Inflicted Wound?
I thought this was a very accurate characterization by Orville Schell via an op-ed on China Daily of the “dysfunctional” investment relationship between China and the U.S. at the moment. My interpretation? On one hand, China welcomes investment with open arms; think Intel, GM, Caterpillar, and even Google investing in China. That creates tons of jobs in China. American politicians calls that “exporting jobs” to China. Now China wants to “export jobs” to the U.S. through investing, and the American politicians call this a national security issue! (Yes, if Chinese companies invest in the U.S., it would also mean they will derive revenue from the U.S.. That is the same thing already being done by U.S. multinationals like Intel, GM, etc. in China. That’s globalization.) The 50 Congressional Representatives Schell referred to? They are xenophobic, protectionist, and stupid.
Continue reading Orville Schell on China Daily, “Challenges investors face in US, EU”
Stan Abrams over at China Hearsay has a good article out today, “U.S. Practices the Art of Zen Protectionism on Huawei.”
(If you follow Huawei, you will know that it is one of the most innovative companies in China, and it has made substantial inroads around the world for its reliable and cost-effective telecom equipment. Actually, if you talk to some Cisco engineers about Huawei, they will tell you Huawei is incredibly innovative. Huawei may even be more active in international bodies defining standards – yes – even more so than Cisco!)
Abrams writes about the recent Huawei failed attempts at acquiring 3Com, 2Wire, and Motorola’s wireless equipment unit, despite offering $100 million more than the competition. He argues this was “blatantly protectionist.” I couldn’t agree more. The only disagreement I have with his article is his characterizing this blatant protectionist act on the U.S.’s part as “Zen.” It is American insecurity and xenophobia; pure and simple. Everyone in China recognize it as such.
In my opinion, this was really a blessing in disguise for Huawei.
Continue reading U.S. Protectionism against Huawei and why that was a good thing [for Huawei]