Monday, November 14, 2011

Was China's money turned down by the EU because of IP worries?

Just asking. Though there's lots of other bargaining points the Chinese want to raise. See this:

China already has a hard-working, increasingly skilled and very cheap workforce, has bought in or built up factories and tools, and is securing industrial supplies around the world, especially in Africa. Once she has all the important know-how of the West, I have no idea what our people will live on.

This is why we must purge debt on a massive scale, so that the rebalancing between world workforces will not be absolutely catastrophic.


Paddington said...

My apologies for banging the same drum over and over, but China will never get all of the know-how from us, unless we give it to them.

What is needed, in addition to some of the things that you advocate, is a cultural shift in the West, to actually acknowledge and appreciate the science advances that we generate, instead of simply using them.

Sackerson said...

Agreed. But IP already is being given, traded, sold and stolen.