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Originally Posted by spence
When you're trading with a country that has zero IP protection...
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Agree, but how does this affect Van Staal? China has come so far in twenty years ... their mindset and legal system won't change overnight. Remember - there was no such thing as IP under Mao, because property belonged to the State. Capital won't stay put if IP laws aren't put into place. This is changing, thanks in part to Chinese folks who have worked in the U.S. and gone back home to help reform regulation.
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Originally Posted by spence
little environmental or worker protection laws
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China is undergoing its own version of the Industrial Revolution ... a bit late. They are wallowing in their own pollution and are paying the price, just as England and the United States have before. Remember Love Canal?
Our own EPA didn't exist until December 1970. They will come to realize that they are poisoning themselves. It is interesting to note that the Chinese government will be spending something close to $400 BILLION big ones to get
some of the country cleaned up prior to the 2008 Olympics.
Ironically, many U.S. companies stand to benefit from this cleanup activity, which is just getting started. There isn't a day that goes by when some western talking head is complaining about the oppressive smog in Shanghai. The folks in Beijing hear that loud and clear.
worker protection? again, all this comes with time! nothing stays static ... chalk these up to growing pains!
now, i'm not defending China. but, understand, a hundredfold growth of industrical activity within two decades ... that takes its toll on the Chinese too!
you can't pin all of this on Van Staal.
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