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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."

15 of 416 comments (clear)

  1. Fake news? by CajunArson · · Score: 4, Insightful

    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?...

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    AntiFA: An abbreviation for Anti First Amendment.
    1. Re:Fake news? by AmiMoJo · · Score: 4, Insightful

      China is strongly right wing. Children are expected to look after their parents in old age, for example, rather than the state providing as it would in a left wing socialist country. China is also big on defining and enforcing morality, much like the right in the US, just sometimes in the opposite direction (e.g. forced abortions rather than forced births).

      In fact it's kinda odd that Trump doesn't admire them more. They control their media, make sure it only prints the "truth". Trump seems to support that. They have lots of protectionism to keep their workers employed in factories, something else Trump is rather fond of. And they definitely have a "China first" policy.

      --
      const int one = 65536; (Silvermoon, Texture.cs)
      SJW, n: "Someone I don't like, and by the way I'm a fuckwit" - AC
    2. Re:Fake news? by ITRambo · · Score: 5, Informative

      China is now a one party capitalistic country run by engineers, not lawyers. They don't have free healthcare. People need to work to make a living. It's like a condensed version of the US, without freedom of speech. One thing it's not any more is a truly communist country. Their one party just happens to still call themselves the communist party. Within that one party are different viewpoints that are discussed. It's not your father's China anymore.

  2. And is Steve wrong? by FlyHelicopters · · Score: 5, Insightful

    "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.

  3. China's Trump is named Xi by Dr.Saeuerlich · · Score: 4, Informative

    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.

  4. Re:This works for me by NetNed · · Score: 4, Informative

    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.

  5. Re:Bad is better than Worst by TheRaven64 · · Score: 4, Interesting

    Depends. China is, apparently, a pretty nice place to live if you're relatively wealthy and are on the good side of the Party establishment. Trumps America will probably be quite similar. Going from one such country where you're on the wrong side of the people in power to one where you're on their right side is probably an improvement.

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    I am TheRaven on Soylent News
  6. demagogic nationalistic mercantilist nonsense by Jodka · · Score: 4, Informative

    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.

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    Ceci n'est pas une signature.
  7. Re:This works for me by jedidiah · · Score: 4, Insightful

    > 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.

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    A Pirate and a Puritan look the same on a balance sheet.
  8. Re:This works for me by rholtzjr · · Score: 4, Informative

    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.

  9. Re:Fake News by Rei · · Score: 4, Funny

    The next Musk will not be an illegal immigrant

    The next First Lady will be.

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    People said I was dumb, but I proved them.
  10. Exodus of Jewish Scientists? by Anonymous Coward · · Score: 4, Insightful

    Shades of pre-war Germany.

  11. Re: This works for me by Rei · · Score: 5, Insightful

    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.

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    People said I was dumb, but I proved them.
  12. Re: This works for me by NetNed · · Score: 4, Insightful

    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.

  13. Re:Fake News by lgw · · Score: 5, Funny

    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.