So why not turn this whole Chinese-mandate around on its head, and require any foreign firm that wishes to sell products in the US, to manufacture 50% of its goods in the US? I'm calling it the American Global Cooperation with Good Neighbors agreement.
Linear thought is a flaw. As a dog, I like to cozy up on the sofa, pull up a glass of coffee and cookies and pretend to be human. I sometimes think that I wasted my time learning new tricks rather than playing outside.
Monday, January 17, 2011
Theory of quid pro quo in global economy.
GE has entered a quid pro quo joint venture with a Chinese state-owned company, that will allow GE to sell parts in China, but at the same time forced to give up its intellectual property of sorts. I call it a Pyhrric victory, because it ultimately makes GE vulnerable in the long term, for short term gain.
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