The technology transfer BS is nothing new with the People's Republic. This is a standard requirement of doing business with that Country:
I have a few associates that have ventured there. The most recent is a CO company that has developed a "Super Algae" lagoon/sewage treatment process that has proven very effective and economical for increasing the capacity of rural town sewage systems. And they are even developing an application to pull CO2 out of power plant emissions by running the exhaust through a holding pond saturated with the Algae. So you can see where this tech could be a real game changer at some point in the future.
Well, they have begun negotiations with the People's Republic to bring their company to China and build sewage treatment facilities for their massive rural population. My contact said they fully anticipated that the Chinese Government would completely steal the tech from them. In fact, it is written into the operating contract that they must transfer the tech to the Chinese within 3-5 years. The only reason they are even considering it, is because they stand to make so much money in the first 3 years that it may be worth the sacrifice. Last I knew they had not committed to the project. On a side note: He kept having to rewrite his build budget because the Chinese would say; instead of excavators to dig the lagoon, we will send in 10,000 workers with shovels and have it dug in 2 days.
Got to love the Utopian Communist way of doing things.
A bigger concern than the tech transfer from GM is the tech transfer from GE. The President's "Job's Czar": Jeffrey Immelt, CEO of GE publicly stated in December that
"The one thing that actually works-State run Communism-may not be your cup of tea, but their government works...what they're doing makes sense".
GE is now building aircraft in China, to directly compete with Boeing (keep in mind that Obama tried to have Boeing's new non-union plant in South Carolina shut down). And as part of the operating agreement, they must transfer tech to the Chinese. Some have questioned if we should be transferring sophisticated aeronautical tech (some of the very same used in our military aircraft) to the People's Republic.
So from my perspective, the danger of transferring auto tech pales in comparison to what GE is doing. But maybe this is all just a symptom of the new one world economy?
) Cisco discovered that Huawei (Chinese comms company) were selling network routers very cheaply, which operated and had a feature set suspiciously similar to Cisco's own models. Cisco got a couple of them and found portions of the circuitry were identical to theirs. Not only that, but the firmware was, though not quite identical, comprised of large chunks of similar code, even down to some older bugs that Cisco had found and more recently fixed!
I saw in this morning's paper that the Obama administration decided to not mint a $1 TRILLION coin which would have been used to pay on the national debt. Sounds like they thought they could print or mint money at any value they choose to use as they please. How much metal would have to be in the coin to make it actually worth $1 trillion? Who would accept it as being worth that?
Linear Mode
