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I find it surprising that it would seem that the only country on the face of this planet hacking foreign countries and business are Chinese. I'm so pleased that

by alan_cx 14y ago

I find it surprising that it would seem that the only country on the face of this planet hacking foreign countries and business are Chinese. I'm so pleased that no one in the US, UK, Israel, Russia, South Africa, Pakistan, India, Japan, Canada, etc would clearly never dream of such things. On top of that, I cant even begin to imagine why countries other than the US would seek intelligence to help them in defence. Good job that no one is using computer or the internet to launch attacks on research and production facilities in foreign countries.....stuxnet.......oh. This might be new to some, but it it turns out countries spy and thieve off each other. But all we seem to see is lots of articles about the evil red commie Chinese, who we all happily do business with, including allowing to own our debt, hack the US. Strange that.

Vivtek 14y ago
For the record, the Chinese don't actually own that large a portion of the US national debt, which is almost entirely held by American organizations. Propping up our currency, now, that's a looming problem - but one that will hurt China a lot more than it'll hurt us when it hits the fan.
- zimbatm 14y ago
  Sources please ?
  - adventured 14y ago
    The Fed is the #1 individual holder of US debt (for sovereigns or banks). Social Security holds $2.7 trillion. China has about $1.1 trillion, just in front of Japan. China's holdings are actually not a big deal. If pressed to do so, the Fed could print a trillion dollars tomorrow and buy it all back (with some obvious consequences, but non-the-less). "The breakout of foreign-held debt shows that China was the largest holder, at $1.161 trillion (as of October 2012, most recent data). Japan came in second, at $1.134 trillion." http://useconomy.about.com/od/monetarypolicy/f/Who-Owns-US-National-Debt.htm http://useconomy.about.com/od/monetarypolicy/f/Who-Owns-US-N... There's a massive number of sources, but here you go: http://finance.townhall.com/columnists/politicalcalculations/2013/01/21/who-really-owns-the-us-national-debt-n1493555/page/full/ http://finance.townhall.com/columnists/politicalcalculations...
beachstartup 14y ago
china is basically doing exactly what the US did to come to economic power and people are shocked, shocked! to see it. people really, truly, honesty believe the last 200 years of US and European ascent didn't happen, as if the world sprang forth fully formed in 1997. the vast majority of people haven't spent 5 minutes really thinking about how this stuff works. a lot of this double-standard is inextricably tied to racism also.
- adventured 14y ago
  Who did the US steal the transistor, cell phone, modern operating system, microprocessor, router and Internet from? Did the US steal all the oil in Titusville (which instigated a massive economic boom) from Britain? How about all the chemistry work and exploration work that the US did to make oil useful and plentiful? Standard Oil had one of the most advanced R&D labs on the planet. I guess all the advanced technology out of Xerox PARC and Bell Labs was stolen from... Madagascar? Who did Tesla steal his inventions from while he was in America? How about George Westinghouse? Edison invented a few things that you might have heard of. We could be here all night.
  - DanBC 14y ago
    The US is known to have used ECHELON for industrial espionage. This was for aerospace. While avoiding hyperbole of the parent comment let's not imagine that any country is immune from industrial espionage and industrial corruption. (The UK which has relatively little political corruption has some astounding examples of industrial corruption.)
    - arethuza 14y ago
      Astounding example #1: http://en.wikipedia.org/wiki/Al-Yamamah_arms_deal http://en.wikipedia.org/wiki/Al-Yamamah_arms_deal
    - adventured 14y ago
      I wasn't aware that ECHELON existed in 1850 or 1920 or 1947. The parent claimed the US primarily stole technology to fuel its way to economic power. The facts do not support that.
axusgrad 14y ago
Ha, what I heard is that the Chinese are the only ones who get caught.

by alan_cx 14y ago

Vivtek 14y ago

For the record, the Chinese don't actually own that large a portion of the US national debt, which is almost entirely held by American organizations. Propping up our currency, now, that's a looming problem - but one that will hurt China a lot more than it'll hurt us when it hits the fan.

zimbatm 14y ago
Sources please ?
- adventured 14y ago
  The Fed is the #1 individual holder of US debt (for sovereigns or banks). Social Security holds $2.7 trillion. China has about $1.1 trillion, just in front of Japan. China's holdings are actually not a big deal. If pressed to do so, the Fed could print a trillion dollars tomorrow and buy it all back (with some obvious consequences, but non-the-less). "The breakout of foreign-held debt shows that China was the largest holder, at $1.161 trillion (as of October 2012, most recent data). Japan came in second, at $1.134 trillion." http://useconomy.about.com/od/monetarypolicy/f/Who-Owns-US-National-Debt.htm http://useconomy.about.com/od/monetarypolicy/f/Who-Owns-US-N... There's a massive number of sources, but here you go: http://finance.townhall.com/columnists/politicalcalculations/2013/01/21/who-really-owns-the-us-national-debt-n1493555/page/full/ http://finance.townhall.com/columnists/politicalcalculations...

beachstartup 14y ago

china is basically doing exactly what the US did to come to economic power and people are shocked, shocked! to see it. people really, truly, honesty believe the last 200 years of US and European ascent didn't happen, as if the world sprang forth fully formed in 1997. the vast majority of people haven't spent 5 minutes really thinking about how this stuff works. a lot of this double-standard is inextricably tied to racism also.

adventured 14y ago
Who did the US steal the transistor, cell phone, modern operating system, microprocessor, router and Internet from? Did the US steal all the oil in Titusville (which instigated a massive economic boom) from Britain? How about all the chemistry work and exploration work that the US did to make oil useful and plentiful? Standard Oil had one of the most advanced R&D labs on the planet. I guess all the advanced technology out of Xerox PARC and Bell Labs was stolen from... Madagascar? Who did Tesla steal his inventions from while he was in America? How about George Westinghouse? Edison invented a few things that you might have heard of. We could be here all night.
- DanBC 14y ago
  The US is known to have used ECHELON for industrial espionage. This was for aerospace. While avoiding hyperbole of the parent comment let's not imagine that any country is immune from industrial espionage and industrial corruption. (The UK which has relatively little political corruption has some astounding examples of industrial corruption.)
  - arethuza 14y ago
    Astounding example #1: http://en.wikipedia.org/wiki/Al-Yamamah_arms_deal http://en.wikipedia.org/wiki/Al-Yamamah_arms_deal
  - adventured 14y ago
    I wasn't aware that ECHELON existed in 1850 or 1920 or 1947. The parent claimed the US primarily stole technology to fuel its way to economic power. The facts do not support that.

axusgrad 14y ago

Ha, what I heard is that the Chinese are the only ones who get caught.