Reply to post: Re: 'preventing further unfair transfers of American technology and intellectual property to China'

Re: 'preventing further unfair transfers of American technology and intellectual property to China'

For a long time China was not enforcing IP laws on its own companies so they could steal or reverse engineer technology and sell it cheaper (with little to no R&D costs to recoup and with a lot of the tech being made by Chinese factories, they had plenty of samples to examine, or simply make more of the same and stick another badge on it). Foreign companies could complain but nothing was done. Then the communist party, wanting to climb the tech ladder told foreign companies, give your technology away for free to local companies and we'll let you have a piece of the pie. This is the crux of the problem. Give away the technology you’ve invested in to get something or hold on to it and get undercut anyway. It’s market manipulation and protectionism on a vast scale and is a form of extortion. This is in part what is so maddening about Trump. He’s right about the communist party abuses of the market and companies, it’s just that he’s so incompetent and petulant that it is very doubtful he is going to be successful in doing something about it.