The @billwaltonshow: Confronting Brute Force Economics w/ Rob Atkinson

China’s brute force economics approach means that the country is not just in economic competition with the United States but in all out economic war. Rob Atkinson, president of Information Technology and Innovation Foundation, details how China is inhibiting and outpacing the American economy and manufacturing industry and the moves the United States ought to take to restore a thriving, independent, and productive domestic economy.

Through attractive but short-lived deals that ultimately disproportionately benefit China, China has acquired top-notch American technology and secured the business of American companies to improve their own infrastructure and manufacturing capacity and establish essentially international monopolies in energy, transportation, information services, and more. China is currently employing this strategy to also acquire the majority of the world’s pharmaceutical production.

“This is where, I think again, the government, the state has to come in and protect our companies from having to make that Hobson’s choice,” Atkinson suggests as the only effective means of stopping China’s march to conquer every single industry. Atkinson calls for a strategic and calculated trade relationship with China that protects American technology while taking Chinese money and creating a reliance on American products and companies.

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