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Straight talk about China and corporate America

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straight-talk-about-china-and-corporate-america.php

Paul Mirengoff

May 16, 2019

Sen. Marco Rubio is the U.S. Senator best attuned to and most focused on the problem China poses to the U.S. and the world at-large. At least that’s what I infer from his public pronouncements on the subject.

In an interview with the Washington Post, Rubio maintained that a significant part of our problem with China stems from shortsighted American corporate CEO’s. He stated:

Quote

If you go to China, they promise you ‘X percent’ of their overall market share. You make money, and you look good in front of your shareholders, but you’re also turning over your intellectual property and eventually they’re going to replace you. But who cares? You won’t be CEO in 10 years when that happens.

Rubio has hit the nail on the head.

At the risk of sounding like James Comey, one might say that China is eating corporate America’s soul:

Quote

[The Chinese] have traditionally been able to unleash the American corporate class to march up to D.C. and pressure their policymakers to back down [from taking tough measures to counter China’s unfair practices] because so many of these companies have established a market presence in China that in the short-term is very beneficial but in the long-term is probably suicide for those companies.

Rubio recognizes that Donald Trump is the first American president willing to stand up to China and to pressure on its behalf from corporate America. “This is the first administration that has not backed down,” he said.

(Snip)

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