Registered: Jun 2002
08-12-12 03:15 PM
Our sluggish economy of late is due to more than just the after effects of 2008. Granted they're other forces like corporate america waiting out the election. But there is a more insidious force at play & I'm finding a lil disturbing that there isn a larger dialogue & we haven't dragged it out into the sunlight to formally address.
As per 60 minutes & other lecturers, the Chinese are behind a state sponsored campaign of economic espionage targeting almost sector of our economy. They engage in cyber corporate thefts of ideas, designs, & patents from US corporations & then
Turn around & then manufacture & dump a cheaper versions into the intended markets of those they stole from. So, theyre engaging in intellectual property theft & then undercut everyone else. The end result is that American companies suffer & to keep competitive lay off workers. That means less taxable incomes for US city, states, & federal municipalities. This is in essence is eroding our country's standard of living by reducing incomes for our middle class and the stratas above & below it. This isn't fair trade. It's cheating on a global scale & were paying the price.
The US is not the only target. These cyber attacks for intellectual property are also aimed at European, Canadian, & Australian corporations as well.
This CSPAN lecture puts things in perspective,