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US Senators Voice Concern Over Chinese Access To Intellectual Property (reuters.com)
Leaders of the U.S. Senate Intelligence Committee said on Tuesday they were concerned about what they described as China's efforts to gain access to sensitive U.S. technologies and intellectual property through Chinese companies with government ties. From a report: Senator Richard Burr, the committee's Republican chairman, cited concerns about the spread of foreign technologies in the United States, which he called "counterintelligence and information security risks that come prepackaged with the goods and services of certain overseas vendors. The focus of my concern today is China, and specifically Chinese telecoms (companies) like Huawei and ZTE that are widely understood to have extraordinary ties to the Chinese government," Burr said. Senator Mark Warner, the committee's Democratic vice chairman, said he had similar concerns. "I'm worried about the close relationship between the Chinese government and Chinese technology firms, particularly in the area of commercialization of our surveillance technology and efforts to shape telecommunications equipment markets," Warner said.
You are conflating capitalism and globalism. they aren't the same thing at all. Capitalism and greed work great, except when you mix them with globalism or communism. What we have is not a failing of capitalism, it is the result of a government allowing free trade in a global environment which has non-capitalistic (e.g. communist, socialist, and control-economies of other varieties) acting within it. At a bare minimum we need to eliminate free trade and match tariffs to the cost differences of products, ideally we should weight those tariffs even more heavily such that other countries don't even have a chance at competing with US-based products and services. From an outside perspective our nation needs to have the apparent structure of the most dangerous competitor (e.g., China with its monolithic structure acting in unison,) internally we can still keep the capitalism and the benefits it offers from personal liberty through productivity benefits. You can create that interface simply by ensuring it costs more to import anything (labor, goods, services, etc) from a foreign nation.
It is by no means a failing of capitalism that it can't compete against a communist society fueled by slave labor like work conditions and a third world like standard of living, unless you are suggesting we should drop to that level just to compete for some hand-wavy globalist agenda. The failing is in treating China as an equal, no other nation is our equal and no nation should be treated as our equal. This is literally the entire purpose of government: to ensure our citizens have the greatest share of resource scarcity possible, by economics, war, or whatever else.