3 ms·

THat's an easy answer as I've seen first hand why. It comes down to how transparent a country is and how much rule of law there is there for poeple who are out

THat's an easy answer as I've seen first hand why. It comes down to how transparent a country is and how much rule of law there is there for poeple who are outside of that country. To use your example, there isn't a lot someone in North American can do to track down and get a debt paid by someone in China as the banking system will not cooperate, and the legal system will not cooperate. France on the other hand tends to use the same banks and has very close legal ties so the legal system and the banking system will both cooperate in a way that you could never get from the Chinese legal or banking system if someone from that country owes you money and has assets in France and a North American court has a judgement against them. If a North American court has a judgement against a Chinese citizen residing in China, how cooperative do you think their legal system or banking system will be? So yes, which foreigners that own property can matter a great deal if there is ever a dispute with them.

rokkitmensch 3y ago
You can still get a judgement against them stateside and put a lien on the US property.
- throwoutway 3y ago
  You can, but you can't get environmental damages corrected, liabilities and damages covered (if say, they caused a fire or disaster in a community), or debts re-paid (if greater than the value of the property). Lots of issues with this. Chinese firms have bought a significant amount of US infrastructure, so it's also a national security issue. https://americafirstpolicy.com/issues/20220906-u.s-infrastructure-security-requires-effective-state-level-protection-from-chinese-communist-party-ownership https://americafirstpolicy.com/issues/20220906-u.s-infrastru...
  - unc0n 3y ago
    This is a good point, but extends beyond individuals to companies as well, and seems to justify a pretty clear decoupling between China and the rest of the world until China is willing to play by the rules. Should we also then extend the guidelines that constrain foreign students from studying certain subjects in university (historically by not letting certain US government funds for research grants etc pay for those foreign students). It is obvious that China exploits the US educational and research system in a way that doesn't benefit us in the same way, apart from hoping that some students would stay and become productive members of society here who have no interest in funneling IP back to China.

rokkitmensch 3y ago

You can still get a judgement against them stateside and put a lien on the US property.

throwoutway 3y ago
You can, but you can't get environmental damages corrected, liabilities and damages covered (if say, they caused a fire or disaster in a community), or debts re-paid (if greater than the value of the property). Lots of issues with this. Chinese firms have bought a significant amount of US infrastructure, so it's also a national security issue. https://americafirstpolicy.com/issues/20220906-u.s-infrastructure-security-requires-effective-state-level-protection-from-chinese-communist-party-ownership https://americafirstpolicy.com/issues/20220906-u.s-infrastru...
- unc0n 3y ago
  This is a good point, but extends beyond individuals to companies as well, and seems to justify a pretty clear decoupling between China and the rest of the world until China is willing to play by the rules. Should we also then extend the guidelines that constrain foreign students from studying certain subjects in university (historically by not letting certain US government funds for research grants etc pay for those foreign students). It is obvious that China exploits the US educational and research system in a way that doesn't benefit us in the same way, apart from hoping that some students would stay and become productive members of society here who have no interest in funneling IP back to China.