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Don't forget the dollar and the fact any transaction made with this currency falls under American law. This is imperialism imposed by rule of law rather than by
by 77544cec 7y ago
Don't forget the dollar and the fact any transaction made with this currency falls under American law. This is imperialism imposed by rule of law rather than by force, but still imperialism in the end.
Example:
https://www.scmp.com/tech/policy/article/3012497/heres-why-huawei-ceo-ren-zhengfei-reading-frenchmans-book https://www.scmp.com/tech/policy/article/3012497/heres-why-h...
Excerpt:
When photos of Huawei Technologies founder Ren Zhengfei showing journalists around his office began to circulate this week, there was a book on his desk that caught the eye of the Chinese internet community. The tome, a Chinese translation of Le Piège Américain, or The American Trap, was written by Frenchman Frederic Pierucci, a former executive with French rail transport company Alstom, about his five-year-long tussle with the US Department of Justice.
The book has captured the imagination of Chinese readers because it mirrors in some ways what happened to Huawei chief financial officer Meng Wanzhou, who was detained in Vancouver on December 1 and is out on bail and facing extradition to the US on allegations of helping defraud banks to circumvent US sanctions on Iran.
Pierucci was arrested as he disembarked from a Cathay Pacific flight in New York in 2013. He pleaded guilty to charges of authorising bribes to Indonesian officials to win a boiler plant order, under an anti-corruption law that allowed the US to pursue cases overseas if the transaction was made in US dollars or email had passed through US servers.
Pierucci ended up serving two years in prison in Pennsylvania and Rhode Island, and was also put on parole for three years. He claims that the anti-corruption investigation was motivated by the US helping General Electric in its acquisition of Alstom’s energy business.
Last year, ZTE was brought close to ruin after the US initiated an export ban on the company for breaching the terms of a settlement.
On the detention of Meng, Pierucci said the US was using “exactly the same tactic” by getting someone close to the company’s leadership, putting pressure on them to cooperate with the Department of Justice. He also accused the US of using its judicial system to weaken its competitors and gain profits for their own companies. When asked about having been in contact with Huawei, Pierucci said that he has never been contacted by Huawei or received any payment from the company.