Slashdot Mirror
EU Wants Power To Block China's Tech Buying
itwbennett writes "In an interview with German daily paper Handelsblatt, the EU's industry commissioner, Antonio Tajani, said he wants the power to block China from buying up European tech companies. Tajani envisions an authority along the same lines as the United States' Committee on Foreign Investment and would determine 'if the acquisition (of a company) with European know-how by a private or public foreign company represented a danger or not.'"
And that is just for starters.
The fact is, that the west needs to say enough is enough. I support free trade, but not when it is one sided.
I prefer the "u" in honour as it seems to be missing these days.
Personally, I do not mind if they become #1. I object because they are cheating the whole way and it is obvious that top pols are in a cold war with the west. And yet, of the flower childs running around the west scream give China a chance. I say, let those flower childs (and the GD CEOs that move the jobs there) to MOVE TO CHINA AND STAY THERE.
I prefer the "u" in honour as it seems to be missing these days.
It actually resembles a lot how US got into power. They ignored European copyrights completely and in the same way took what they needed without giving back. Karmas law, eh?
And yet, of the flower childs running around the west scream give China a chance.
Who are you talking about here? The "flower children" are pretty much screaming at China in the name of a Free Tibet and the Dalai Lama. The "give China a chance" crowd are the über corporatist/capitalists.
... and then they built the supercollider.
China is pretty much where Japan was 30-40 years ago. Look where Japan is today and that's where China will be in a few decades.
Sigs are too short to say anything truly profound so read the above post instead.
More to the point they have a huge underclass and are facing fundamental resource limits which will prohibit improving the lives of those people. Limits like the supply of energy, food, water and land. Industrialisation will make a few Chinese people rich but if the wealth doesn't trickle down (I don't think it can) then the political situation will become very unstable.
http://michaelsmith.id.au
Actually, the US got into power by waiting out until all major powers in Europe were badly bloodied by WWII, and then picking a side and trading old equipment for world dominance. See, e.g. destroyers for bases, lend-lease, etc.
Then, after the war, the US was easily able to attract talent by money - the so called "brain drain".
It is doubtful copyrights were even in the game, especially given the fact that the rules were largely synchronized immediately postwar, and the copyrights mostly covered literature anyway.
China has been printing Yuans like they are going out of style. QE2 is designed to shake China off of America's coat tail. The longer that they tie their Yuan to the dollar, the worst that things will get for them. Shortly, they will see massive inflation. And if they do NOT untie the Yuan from the dollar, then I expect that QE3 will be done. THAT will run China's inflation up to MINIMUM of 40% with ZERO chance of slowing that puppy down.
I prefer the "u" in honour as it seems to be missing these days.
http://articles.cnn.com/2000-10-10/politics/clinton.pntr_1_wto-membership-china-global-trade-regime?_s=PM:ALLPOLITICS
I prefer the "u" in honour as it seems to be missing these days.
I do not say that their free trade should be restricted. I say that as long as they are not obeying the treaties/laws that they agreed to, THEN there is no reason for us to honor our side. Free trade is about TWO WAY TRADING. CHina is not about 2 way trade. It is about gaining it quickly and with interest in the real issues. They are in a cold war with us and using the economy against the west. It is time for us to stop this.
One way to pull our electronics out of CHina is to get western companies to move it back. However, QE2 is designed to do that for us. It will shake China lose, or they will suffer massive inflation.
I prefer the "u" in honour as it seems to be missing these days.
Why not?
It's a libertarian's dream so long as they don't say anything bad about the government. Those with the wealth (or a company with wealth) have far more rights than those of the average individual and the government doesn't stop them with pesky minimum wage, safety and emissions laws. What are you waiting for? All you guys that complain about having to pay too much for staff, about how unions always get in the way, how the government won't let your company pollute and how the shit hits the fan when a worker is injured or dies - just shut up and move to China.
This comes from my wife's relatives and friends. They are primarily Malaysian born Chinese with Australian PR or citizenship. And yes they have a lot of trouble saving to buy. They see a lot of mainland Chinese born people buying property purely to invest. Additionally my wife works as an architect and she knows of mainland Chinese businesses which are actively investing in the Australian property market. They do projects typically between five and 10 million AUD. Usually high density unit development. She looked at working for them but they weren't paying enough to justify the risk.
http://michaelsmith.id.au
Uh, "wholesale destruction" isn't what's happening to the US, and China can take little credit for the decline that is happening. At worst, the US is having a slump, caused by incompetent leadership and short-sighted financial policy, combined with a media that doesn't "report" the news so much as it "spins" the news.
Yes, but the reason the US machines were able to take off is because the European mills were all destroyed or put out of business by the people who worked, owned, or invested in the manually run non-industrialized mills. If the Europeans hadn't so soundly rejected the new processes then industry in the US would have floundered by being unable to produce goods at competitive prices.
Today we remember these angry Europeans -- who are infamous for storming the new mills and breaking the machines -- for the name of one of the most outspoken among them: George Ludd. Yes, they were the Luddites.
Yes, the plans were stolen away to the US, but they were not being used in Europe because the technology was socially unacceptable!
The road to tyranny has always been paved with claims of necessity.
Economics. Its all a lot more civilized than violence.
But lets stop trying to win petty economic battles in lost wars... Democracies always seem to resort to trade restrictions when confronted by another majority. Its no fun anymore when you are suddenly out numbered by your own ideology.
Human beings are prone to human nature in any and all cultural landscapes. I read that in a fortune cookie (an American custom).
Personally, I like Chinese Food, and I look forward to prosperity and success for all nationalities no matter what economic policies are negotiated, or implemented. Just make sure not to squander life or liberty if wealth belongs to someone else... Other people are people, too.
That sad old "narrative" pops up in every single China thread on Slashdot, ever. Hint: the US did not "get into power" that way, and China's wholesale technology theft is orders of magnitude larger than that practiced by a 19th century agricultural nation. *sigh*
Shutting down free speech with violence isn't fighting fascism. It IS fascism!
Let's do China one better, and buy its tech companies and loot their assets! What's that you say? China has laws on the books prohibiting the sale or investment of companies which may damage its national interest? Entire industries are restricted? And there are parts of China's economy totally prohibited from any foreign investment whatsoever? Surely Europe and America can trust this country and not apply any reciprocal policies that fuck over China as much as China fucks over foreign firms.
Shutting down free speech with violence isn't fighting fascism. It IS fascism!
And that is 10 times more worrisome because the right analogy is still there in history. It is not USA, it is Japan.
That is an analogy that is making me shudder for a moment.
Baker's Law: Misery no longer loves company. Nowadays it insists on it
http://www.sigsegv.cx/
Flower children? You kidding? Nobody likes China. Trust me on that one, even the "left" people I know despise them for "betraying Marxism and turning it into Fascism". There is no "give China a chance" sentiment amongst anyone.
Anyone but corporations wanting to produce cheap crap, that is.
We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.