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> The lure of a market of a billion people is an illusion. It's not an illusion. Go ask the hollywood studios. Go ask Apple. Go ask GM. Do you really believe t
by liftbigweights 8y ago
> The lure of a market of a billion people is an illusion.
It's not an illusion. Go ask the hollywood studios. Go ask Apple. Go ask GM. Do you really believe those well paid business folks in hollywood, apple, GM, etc are banking on illusions?
> So by doing business in China Google is undermining its own values
Google never had any values. The only people who believe that are the naive who fell for their marketing campaign. Google is a company out to make money for its shareholders. They are fundamentally no different from exxon or disney.
> This is the country that starved millions of its own citizens (the Great Leap Forward), annexed Tibet (and now pretends Tibet never existed) and killed thousands of its own citizens in peaceful pro-democracy protests (Tiannemen Square), the last only ~30 years ago. How quickly we forget. And now Xi Jinping (aka "Winnie the Pooh") has abolished term limits and seems set to install himself as dictator for life in the model of Vladimir Putin.
What does this have to do with business? Why is it that whenever china is mentioned, the top comments invariably have political agenda behind it? Why don't you mention that china lifted 800 million people out of poverty? Does that not fit your agenda?
Regardless, the one thing I agree with you is china is not going to "surrender their industries to foreign competitors." Just like we wouldn't surrender our industry to china. That is common sense. What is happening is that china is giving portions of their market to foreign companies in exchange for what they want.
An example of this obviously tech transfer. Or china setting aside X number of hollywood movies to show in their huge movie market. Of course hollywood is going to give something for a portion of china's movie market share.
The idea that china's market is an illusion is verifiably false. Listen in on tim cook's quarterly conference call sometime.
Or take a look at box office numbers. US companies are making serious money in china.
https://www.scmp.com/culture/film-tv/article/2140381/china-will-soon-be-worlds-top-film-market-having-overtaken-us-canada https://www.scmp.com/culture/film-tv/article/2140381/china-w...
>I can't hope for much more than enough people take such a stance to wake up the leadership of these companies but I'm not holding my breath.
Wake up? Do you really think you know anything that the CEOs of apple, google, etc doesn't know? What hubris.
- sushid 8y agoYou're really trying to drive your point with Hollywood taking its profits in China. Do you know what kind of hoops they have to jump through to access that market? Take Gravity for instance. The reckless nation that shoots down the satellite causing all the damage is Russia when it was China in real life. China then saved our heroine when its the Russians we've worked and continued to work with. Why? It's because they're chasing the Yuan while giving away soft power to China.
- liftbigweights 8y ago> Do you know what kind of hoops they have to jump through to access that market? Yes. I thought my comment made that pretty clear. But is hollywood entitled to the chinese market? You act like the chinese owe us their market like we own them. >Take Gravity for instance. The reckless nation that shoots down the satellite causing all the damage is Russia when it was China in real life. I know. That's why I wrote "Or china setting aside X number of hollywood movies to show in their huge movie market. Of course hollywood is going to give something for a portion of china's movie market share." Well, it's called the chinese market for a reason. It belongs to china. Their house, their rules. Why would china give their markets to foreigners without anything in return? Do you think we open our markets without anything in return? Do you think europe does? Or russia? Every nation or bloc protects their markets and demands something in return for access. Maybe the chinese go overboard with it, but as I said, it's their market. They can do whatever they want.
- 4ad 8y ago> But is hollywood entitled to the chinese market? No, it isn't, but in my opinion Chinese people (not their government) should have the right to decide who to accept in their market or not. Currently, they do not.
- sushid 8y agoHow do you think China's technology and education improved so drastically just a few decades after the cultural revolution? It was the US giving its technology, military weaponry, college education, etc. to Chinese nationals. Their entry into the World Bank was supposed to come with freer markets and other reforms. Instead they run over peaceful protestors with tanks and seize all cameras from international reporters. China doesn't respect our patents and conduct corporate espionage at the state level. They brazenly hack our corporations and governments. They don't allow our companies to compete fairly as theirs are propped up by the state. They can't have their cake and eat it too and I believe its time for Western powers to come down hard on China and its unfair market practices.
- 8y ago