One of the main arguments for imposing tariffs on China is that China is undermining the intellectual property of US companies. China can now either retaliate against US tariffs or take this opportunity to help redesign the international intellectual property system, says CEPR’s Dean Baker
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The US did the dirty on the British. Nooooo… one would ever believe that 😊. Double standards and hypocrisy. Looking for a scapegoat?
as an inventor i think your not so bright
Stupid that will cause a war this is part of the reason why tech stays dark for a long time
Brilliant!
Useless information
©™ ALX ⚖ Observations ✍✍
Trump moronic meglomaniacal goofball President has started a tariff war that America can't win.
You cant own an idea.
Without corporate responsibility to shareholders there is little doubt there would be enormous waste… this is the reason research went from govt funded to private funded, private makes much better use of the funds and gets a much larger return on investment.
Capitalism is in crisis, I’ve been doing a deep dive on Marxian theory and he has a great critique as to what we are witnessing. Marx wrote a paper “Fragment on Machines” that describes Capitalism going into a crisis stage from the development of Machinery. He felt labour would disconnect from Capital because of the development of Machines. Capitalism will collapse and the individual will become this new Ubermensch “Universal educated person.” Paul Mason an English Journalist describes what we’re experiencing best. Neo-Classical Capitalism is dying and it’s trying to morph into a new Info/Cognitive Capitalism based on information. The merging of ATT and Time, Intellectual rights and control of the internet are attempts to create a monopoly on the General intellect, as Marx and Mason points out it will not work. We are now entering a post Capitalist/Carbon world either we accept this or we go extinct, there are no other options.
Sounds lovely but unrealistic, pay attention to who is running things (sociopaths and crooks) and what has been happening for decades, Govt. aided with the theft and transfer of wealth to a small few and has been attacking rights and freedoms relentlessly, capitalism is predatory and has gone cannibal now. They have stolen all they can from their own people now enact some tariffs to try to steal from allies now. Perhaps if it was still a democracy he would be right, but alas those days are gone. The companies greed led them to China and part of playing there (exploiting their cheap labor) was going to be a heavy cost in relinquishing their intellectual property, but again if you weren't paying attention USA does not honor agreements that don't benefit them greatly. It is going to get progressively harder for us all as our leaders make these bad choices in our names. USA is the world's bully!
It's called competition. The monopolies need to get used to it, free trade, right?
Nobody forced these companies to set up shop in China so it is somewhat disingenuous to complain now that the tariffs are in light of China's theft of intellectual property and technology. China already promised to retaliate and slap tariffs on US goods. The EU, Canada and Mexico will do the same. By some estimates Trump's trade war will cost the US 90 billions in GDP and more than 200,000 jobs. Being a bully and short changing sub contractors may have worked being a millionaire contractor but it is quite questionable that the same tactics will work being president of the US. Our financial elite has the perfect patsy in Donald Trump for when the economy will tank again.
He's right, of course. Antiquated system in a modern world, so it's time to wake up.
China is well more equipped (and prepared) to play the long-term waiting game.