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The US can't easily go tit for tat with China because we have a much more free market system. It would be unfair to US investors if we all of a sudden started b
by jonknee 9y ago
The US can't easily go tit for tat with China because we have a much more free market system. It would be unfair to US investors if we all of a sudden started banning foreign investment.
- rdxm 9y agoIt's long past time to start ratcheting down on Chinese access to our markets. Until such time as they open thiers in a meaningful way. Without the essentially unfettered, one way street access to US markets it enjoys today, China looks a lot less economically sound.
- notyourday 9y agoOf course it can. It just does not want to.
- jonknee 9y agoUnlike China, the US needs a legal reason for this sort of decision, not just the whim of whoever is in charge. What's the legal basis for denying Snapchat to be bought by a Chinese founded firm? It's not a state owned enterprise which is the reason for most previous buyout denials.
- Canada 9y agoI'm not aware of any legal basis for blocking the sale. I just don't like the idea of China, a country that runs a brutal censorship and surveillance regime, to have any control over communication or publishing tools used by the rest of us. Even if it's only a frivolous one like SnapChat.
- deleted 9y ago[deleted]
- notyourday 9y agoClassify it as a critical infrastructure. Done.
- Chaebixi 9y ago> Unlike China, the US needs a legal reason for this sort of decision, not just the whim of whoever is in charge. Non-reciprocal trade/investment policy that disadvantages US companies, that's the legal reason right there. I understand a lot of trade policy is driven by similar kinds of things (e.g. reciprocally drop your tariffs and we'll drop ours).