US to ban transactions with ByteDance and WeChat in 45 days

Post by yushuf » Fri, Aug 07, 2020, 2:21 PM UTC

supergirl wrote: post #701

cwhiz wrote: post #682

The entire western world should treat China exactly the same way China treats them. Western companies have a difficult time operating in China, but Chinese companies have zero problems operating in western countries. It’s completely unfair and if we follow this to conclusion, the future will be one of only Chinese international corporations. Would WeChat or TikTok even exist if the Chinese market were open to existin…

so china won is what you're saying? their system is superior if the west has to switch to it

Post by pradn » Fri, Aug 07, 2020, 2:22 PM UTC

krtkush wrote: post #714

cwhiz wrote: post #682

The entire western world should treat China exactly the same way China treats them. Western companies have a difficult time operating in China, but Chinese companies have zero problems operating in western countries. It’s completely unfair and if we follow this to conclusion, the future will be one of only Chinese international corporations. Would WeChat or TikTok even exist if the Chinese market were open to existin…

All this is leading me to have a stronger belief in Nassim Taleb's "The Most Intolerant Wins" theory[1]. Though, in this case there is no minority as such. China was intolerant to the US's ideology and exploited its openness for its own benefit. Now, unfortunately, it has come to a point where even US has to be intolerant like China to be able to get back at it. Thoughts? [1] https://nassimtaleb.org/2016/08/intoleran…

Post by cwhiz » Fri, Aug 07, 2020, 2:24 PM UTC

yushuf wrote: post #717

cwhiz wrote: post #704

Earlier quoted context omitted.

They haven’t directly done that, but what they have done is force American companies to form joint ventures with a Chinese company in order to operate in China. This requires the American company to hand over intellectual property and trade secrets. And then, amazingly, some state funded competitor comes along doing the same thing the American company wants to do. Would a Chinese company have this same problem enteri…

No one is forcing companies to do joint ventures. These companies have the option to refuse and not operate in China. Are countries not allowed to impose restrictions on foreign companies?

Post by nickbauman » Fri, Aug 07, 2020, 2:25 PM UTC

pradn wrote: post #723

krtkush wrote: post #714

Earlier quoted context omitted.

All this is leading me to have a stronger belief in Nassim Taleb's "The Most Intolerant Wins" theory[1]. Though, in this case there is no minority as such. China was intolerant to the US's ideology and exploited its openness for its own benefit. Now, unfortunately, it has come to a point where even US has to be intolerant like China to be able to get back at it. Thoughts? [1] https://nassimtaleb.org/2016/08/intoleran…

A related idea: https://en.wikipedia.org/wiki/Paradox_of_tolerance 'The paradox of tolerance states that if a society is tolerant without limit, its ability to be tolerant is eventually seized or destroyed by the intolerant. Karl Popper described it as the seemingly paradoxical idea that, "In order to maintain a tolerant society, the society must be intolerant of intolerance."'

Post by khuey » Fri, Aug 07, 2020, 2:27 PM UTC

tfcata wrote: post #693

cwhiz wrote: post #682

The entire western world should treat China exactly the same way China treats them. Western companies have a difficult time operating in China, but Chinese companies have zero problems operating in western countries. It’s completely unfair and if we follow this to conclusion, the future will be one of only Chinese international corporations. Would WeChat or TikTok even exist if the Chinese market were open to existin…

China has not forcefully seized foreign company's promising assets so good so it's impossible to consider for sale, by both a measly 'offer' of maybe 1/10, or less, of the market value and threatening from the leader, has it?