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by omarforgotpwd
3093 days ago
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I think this economic us vs them mentality is backwards. I'm a US citizen, but both China and the US are populated by humans. In a fair world, Americans should be able to make money in China while Chinese make money in America. If I sell AMC theaters to a Chinese citizen, and use that money to start a self driving car company, is that sharecropping or is it just a deal that both parties found personally advantageous? Does it make any difference to AMCs investment and hiring in the US? Is that Chinese citizen even that much less likely to spend the profits from AMC on US goods and services than an American citizen? Human innovation is not a zero-sum game and separating the world into competing nation-teams actually just holds both parties back, in my opinion. |
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These are not traditional M&A activities. It’s an economic Cold War. The US is not innocent entirely, but we do not pour government dollars into the Rand Corp and go about buying influential concerns in other countries.
Edit: thisisit mentions this is a comment further down:
“> In a document, the US Government Accountability office specifically singled out the rise of Chinese companies with state ties as worthy of more scrutiny, noting that some acquisitions might ultimately be bad for competition.”