Slashdot Mirror
China Chases Silicon Valley Talent Who Are Worried About Trump Presidency (cnbc.com)
China is trying to capitalize on President-elect Donald Trump's hardline immigration stance and vow to clamp down on a foreign worker visa program that has been used to recruit thousands from overseas to Silicon Valley. From a report on CNBC: Leading tech entrepreneurs, including Robin Li, the billionaire CEO of Baidu, China's largest search engine, see Trump's plans as a huge potential opportunity to lure tech talent away from the United States. The country already offers incentives of up to $1 million as signing bonuses for those deemed "outstanding" and generous subsidies for start-ups. Meanwhile, the Washington Post last month reported on comments made by Steve Bannon, who is now the president-elect's chief strategist, during a radio conversation with Trump in Nov. 2015. Bannon, the former Breitbart.com publisher, indicated that he didn't necessarily agree with the idea that foreign talent that goes to school in America should stay in America. "When two-thirds or three-quarters of the CEOs in Silicon Valley are from South Asia or from Asia, I think ...," Bannon said, trailing off. "A country is more than an economy. We're a civic society."
Can we contact Obama to have him punish Slashdot for posting more fake news?
Meanwhile, to burst your propaganda bubble about China is so welcoming and "tolerant" of immigrants, try this: https://www.youtube.com/watch?...
AntiFA: An abbreviation for Anti First Amendment.
Not that I want to be defending the buffoon Trump or racist Bannon, I would hope that anyone prepared to live under Chinese one-party censorship can handle most of what Trump's America might throw at them.
"A country is more than an economy. We're a civic society."
What about that statement is wrong? From a simple economic point of view, if you have no monetary value, then go die in a ditch like a good citizen.
Except, that we ARE more than an economy, humans are more valuable than just what they provide to the GDP of a nation.
I don't see China leaping over themselves to allow Americans to fully own businesses there, yet we let them do it here. Either China needs to open up, or we need to shut them out, either solution is fine.
If you train them in your country, you should try to keep them in your country unless you think your educational institutions are no more than money makers. Otherwise you will eventually lose the competitive advantage that you have over other countries that do not invest as heavily in education. If you are concerned about immigration in this regard then you should change the caps you place on the number of foreign students you allow.
Also, China can chase all they want, but I doubt that there is going to be a mass exodus of top talent to a country with a stifling authoritarian system in place. Top talent really requires freedom -- I think history teaches us at least that much.
I am not interested in articles about life extension advancements.
If you're wetting your pants every day because you believe made-up scary stories about future Trump Administration actions, China wants you. They have a special story they want to tell you, and they know that after you hear it, you'll do exactly what they want you to. You're the perfect recruit. Apply now.
China's welcome to flood their job market with cheap labor and devalue their Middle Class
Did you read the fucking summary even? $1 million signing bonuses are not cheap labor.
Huh, maybe you're right.
Maybe China doesn't pay their CEOs tens of millions of dollars to be able to afford that kind of expense.
Ain't it amazing what you can offer when the CEO doesn't make 500x more than the average skilled employee? I wonder when we'll learn that lesson...
I'm fully confident America has plenty of talent for Silicon Valley. C
Yes of course but that talent will be eroded over time with these stupid policies. Keeping away immigrants such as the future the Elon Musks coming from South Africa, or their parents, such as the Lebanese immigrant father who gave birth to a guy named Steve Jobs... Yeah sure, sound like a really smart thing to do.
$1 million signing bonuses are not cheap labor.
Those aren't for the average H1B, in fact probably not for H1B's at all. Those are for top tier talent, possibly white americans to basically export their knowledge and kickstart their startups. "Hey, I have money and labor, come make your idea work."
This isn't for the guy they brought in to break your exchange server and fix it for money, or write a horribly bad OS for Microsoft. They'll take them too if they're indeed cheap, but it's unclear that the labor arbitrage situation will work out well for this.
Are you afraid that your country might become an authoritarian police state? Here's the solution: move to a country that IS an authoritarian police state!
Pretty much everything people fear that Trump may do to the US is already reality in China, including no due process, no elections, censorship, heavy use of fossil fuels, assertive foreign policies, leader worship, nationalism and a Make China Great agenda. The only thing China has going is that there's no data caps - so maybe it's interesting if you're stuck with Comcast.
Also if you RTFA the stipulation for the $1 million is that you are a Nobel Prize winner. Other thing that stood out in the article was this Li made that announcement at a "state sponsored speech" which translates to propaganda last time I checked.
While it's not an exact match, Trump and Bannon are best described as mercantalist. Mercantilism is an antiquated and discredited economic theory and practice largely abandoned in Europe after the 18th century.
Among the flaws in that system is that it trades visible gains for hidden losses. (Over at the National Review, Kevin D. Williamson cites Frédéric Bastiat on that point in a great analysis of Trump's Carrier deal). An interesting thing about China luring away talent is that it draws attention to that loss of talent, making it less hidden.
Ceci n'est pas une signature.
> When people stopped chasing after the American Dream to have it all and learn to live a modest lifestyle.
A "modest lifestyle" is for slaves and peasants. Even a single wide is better than some of the "modest" accommodations in western Europe.
Been there. Done that. No thanks.
A Pirate and a Puritan look the same on a balance sheet.
Geez, really!!!, have you looked at the definition of demagogue? This describes EVERY politician running for or already in office. To continue to state this shows just how much you have been brainwashed by the media.
The next First Lady will be.
People said I was dumb, but I proved them.
Shades of pre-war Germany.
Such an oversimplistic reading.
1) The real thing that led enabling Hitler was the battle with communism. The Communists plus the Nazis had finally achieved just barely over half of the votes, meaning that you had to work with at least one of them - something that the moderates found horrifying. Of course, many people who voted for the Nazis did so because they thought they were the only ones tough enough to stand up to the communists. Parliament ultimately sided with the Nazis, who had sold the public and parliament on the idea that there was an imminent communist revolution about to take place.
Summary: fearmongering (and outright fictions) about "the great threat if the other side seizes power" causes the public and parliament to acquiesce to someone they're very apprehensive about.
2) The way Hitler leveraged that into a dictatorship was through driving out those likely to oppose him on bills to consolidate his power, and negotiating with the rest. First, with fear of a Communist revolt stirred up by the Reichstag Fire, he got the Reichstag Fire degree passed, allowing for the elimination of his communist opponents. Intimidation from Nazi paramilitaries also managed to intimidate some other people from taking or attending office. The key element he needed to gain full state power was the Enabling Act, which required a sizeable supermajority. This was achieved with a combination of paramilitary intimidation and horse trading. The Catholics failed to see, until it was too late, how much of a threat he really was, and so traded the enshrinement of provisions favorable to the Catholic Church for the extra votes needed to get the Enabling Act passed.
Summary: Paramilitary intimidation and use of the powers of the state to get enough power to horse trade your way to complete control.
#1 is fully and completely applicable, and anyone who pretends it can't apply to the US is kidding themselves. #2 is at present, not applicable. However, I should stress "at present". First, the Republicans control all branches of government (or at least will shortly after appointing at least one, and likely two or more) Supreme Court justices. Fear of the base has so far shown effective at keeping wayward Republicans in-line. Republicans also control nearly the 75% of state legislatures needed to pass constitutional amendments. So the prospect of an "enabling act" type amendment is actually plausible, so long as the grounds for it can be stirred up.
Stirring up? You have a president elect who directly coordinated actions with foreign state intelligence services to dig up dirt on his opponents (as now admitted to by the Russians, both the coordination and the giving the info to Wikileaks). He obviously has no qualms about this sort of thing. Now he's getting the keys to the candystore, so to speak - full control over US intelligence services. J. Edgar Hoover managed to maintain a disturbing level of control through such means, and he's far from the limit of what sort of pressures can be exerted. Things need not be only backroom, Hoover-style blackmail, but can also be very public "airing of dirty laundry" to rally the public against desired targets - political or public, foreign or domestic.
One thing that Trump thankfully lacks is a paramilitary. As long as this remains the case, I'll feel a lot more comfortable.
But still uneasy.
No, I don't think that it's at all likely Trump will try to achieve "President for Life" status. Honestly, that's near the bottom of my list of concerns, and it's a long list. But I think it's naive to pretend that it couldn't happen, given the right combination of provocations. Nobody in Germany in the 20s would have ever guessed that the 30s would see them in a Nazi dictatorship. The concept seemed the height of absurdity.
People said I was dumb, but I proved them.
Well considering that the Smith Mundt act was repealed under President Obama, our government can now use propaganda on it's citizens. The dumbing down of the snowflake, "lets protest everything" generation makes it easier for them to push that, but they missed one thing. No one trusts the mainstream media here and it's losing viewers left and right. That's why they come up with sensationalism like this story to try and snag a viewer or clicker in with bullshit. Anyone with a little bit of reading comprehension can see past the bullshit. But back to your original, stupid post. Compared to China, we are a thousand times more free. Don't think so? Try the same protest we've seen over here in Tiananmen square. Enjoy the tank tread tattoo.
You're modded insightful? Fucking Mao was a populist demagogue who murdered like fifty fucking million Chinese. He's one of the top murderers in human history, and he happened within the lifetime of many alive today.
The next Musk will not be an illegal immigrant
The next First Lady will be.
"An immigrant took my job!" - Michelle
"A white man forced me out of my house" - Barack
Socialism: a lie told by totalitarians and believed by fools.
No one trusts the mainstream media here and it's losing viewers left and right.
Agreed. No one trusts Fox because of their direct connections to the Republican party, lack of any opposing voices and putting out fake news.
The only people who keep saying they don't trust the "mainstream media" are the same people who ignored all the criminal assaults on women Trump has done, ignored his use of illegal foreign workers, his use of Chinese steel, his bankrupt casinos and numerous other businesses despite claiming he's a great businessman, not to mention having his name brand products made in China and Mexico while claiming he'll bring jobs to this country.
Anyone with a little bit of reading comprehension can see past the bullshit.
Except for the people I just mentioned who swallowed the con artist's bullshit hook, line and sinker. They believe he'll put up the internment camps for people of the Muslim faith (he's not), that he'll put Hillary Clinton in jail (he's not), that he'll get rid of Obamneycare on his first day in office (he's not), that he'll drain the swamp (he's filling it), that he'll do this or that, which he won't.
As Idiocracy showed us, people have gone down the rabbit hole of stupidity and Trump is the result.
We will bankrupt ourselves in the vain search for absolute security. -- Dwight D. Eisenhower