đ” Watch the full episode:
https://ept.ms/TugofWar_full
đŽ Father’s Day: 50% OFFđ https://ept.ms/FatherDaySpecial_YT
đ” Watch Dr. Robert Malone’s New Film:
https://ept.ms/HeadwindDrRobertMaloneYT
đ” Watch more:
https://www.epochtv.com
In this special episode, we sat down with Robert Atkinson, president of the Information Technology and Innovation Foundation. He looks at how nations compare in terms of global market share in the Hamilton Index: Assessing National Performance in the Competition for Advanced Industries. How has the Chinese regime gained so much over the past quarter-century, and how is that impacting America?
Atkinson explains how the Chinese regime has gotten ahead: âA simple way to put it for China would be that they decided to engage in a whole set of unfair practicesâmassive subsidies, manipulation of their currency to keep the price down, forcing foreign companies to transfer technology that then goes to the domestic Chinese companies. So a whole suite of things that gave them an unfair leg up. For the United States, the answer is that we just didnât do anything. Too many economists in the United States like to say, agree with the phrase âpotato chips, computer chips, whatâs the difference?â In other words, doesnât really make any difference whether we have a strong semiconductor industry or a strong machine tool industry, it doesnât matter. And because so many peopleâso many economists in particular, and policymakers who listen to themâbelieve that it doesnât matter, weâve lost global market share there. China, it matters to China. Theyâve set their sights on dominating these industries by the year 2025.â
In the second half, we sat down with Jon Pelson, author of âWireless Wars: Chinaâs Dangerous Domination of 5G and How Weâre Fighting Back.â He touches on how free trade ties into geopolitics, and how this could play out going forward.
As for how to stem the threat from China, Pelson said: âThey have to bring the hammer down on the intellectual property theft. The way itâs been done is companies are allowed to kind of step back from China. I saw that with Lucent, where there were three spies who stole the software, really the crown jewels for a switch that Lucent was making. I talk about this in the book, the CEO of Lucent said, âWe could have pressed for these three low-level people to go to jail. But China said to us, if you cooperate in this prosecution, you wonât be able to sell to China for a year,â which would have been a billion-dollar loss to a company that was just hanging on. I think what we have to do is have the government step in and say, âForget that. You guys were stealing this IP. Your company in China is banned, and all the companies in the free world will not do business with you.â It has to be much firmer saying if you get caught ⊠They stole from Cisco, Cisco alleged, and they found that the same wording in the manual, they found the same software in the servers that Cisco was making as in the Huawei servers. Chairman Ren Zhengfei was confronted by thisâliterally the same typos in the product manualâand he said itâs a coincidence. They settled. Cisco settled with them because they said, âWe still want access to the Chinese market, we still got to do business in this world.â And China ended up wiping out Ciscoâs market share with that product in that market. I think the government has to say, âWeâre not going to even let you settle, weâre not going to let you have that kind of easy-going way because this is a matter of national security. And we have to bring the hammer down on intellectual property theft from Chinaâ and on hacking. We keep finding their advanced persistent threat teams doing incredible damage here. And there seem to be almost no consequences.â
——-
â Sign up for our NEWSLETTER and stay in touch:
https://ept.ms/EpochTVNewsletter
đ Support us to fight for the truth:
https://donorbox.org/epochtv
——-
SUBSCRIBE OUR CHANNEL TODAY:
âïž https://www.youtube.com/channel/UCeLc4heXqG9dtL7jiPHMBfQ?Sub_confirmation=1
#RobertAtkinson #China #HamiltonIndex
Robert Atkinson on USâChina Tug-of-War | China in Focus | Trailer
——————
© All Rights Reserved.
