"Evidence of China's economically devastating theft of proprietary technologies and other intellectual property from U.S. companies is growing. . . The bottom line is this: China has a massive, inexpensive work force ravenous for economic growth. It is much more efficient for the Chinese to steal innovations and intellectual property—the source code of advanced economies—than to incur the cost and time of creating their own. They turn those stolen ideas directly into production, creating products faster and cheaper than the U.S. and others."
A recent NY Times article said that China recognizes that it does not even have the capability to do its own development and until it does it will continue stealing or doing what ever it takes.
My question is, Opposing that is Protectionism?!
China is a bubble. About to burst. 2020 at the latest. Mao took Nationalist China because of widespread corruption, too much foreign influence, rampant poverty, and general dissatisfaction with the system. (Yes the country suffered from W.W.II -- that is the one key difference from today.)
Right now for the first time there is chaos installing a new Communist government. The Maoists may be forced to act.
The Dengists are totally corrupt, there is too much foreign influence, rampant poverty, and general dissatisfaction with the system.
What other kind of technology is there in Red China other than stolen? When the Nytimese publish an article agreeing that one of their favorite countries has problems you know it's true!
The Real Problem With China "For the United States, the No. 1 problem with China’s economy is probably intellectual property theft. Technology companies, for example, continue to notice Chinese government agencies downloading software updates for programs they have never bought, at least not legally . . . China’s leaders have reason to be nervous about all the barriers they have built. China’s elite, in government and business, are deeply concerned that their companies remain unable to create truly innovative products."
China calls us a paper tiger. Red China is carbon paper -- and they had to steal the carbon paper!
.. and when Red China kicks U.S. investors out with NOTHING! don't go begging Congress for another TARP, guys!