cindy for this position you have sent, it's all we going to let that stay the part buddy program. note we now post a show every day used to be weekly. now we're doing this daily and we hold no punches, as i like to say. so look for it. truth from number one. china tells us if it wants to talk free market talk, it needs to also walk the free market walk through the file number 2. just how socialist is the us economy. 20 socialist. if you're wealthy, truthful, i'm number 3. i'm speaking of a socialist who set a fire at bernie sanders office. i'm rich and just and this, this is direct impact.

the . so the us treasury secretary goes to china and what does janet jaelyn do? she lectures the chinese government on how to properly run its own economy, hinting that they, they, the chinese don't seem to understand the proper principles of free trade or a free market based system. here's just part of yelling. like sure. what we intend to underscore is indeed for a shift in policy by china. during these talks building on feel free to hours i spent on this topic was advised premier last week. this is part of our efforts to advocate for american industries and prevents to

significant economic disruptions. we've seen in the past advocate for american industries. they have to shift their policies, which is essentially suggesting when she says the china has to change its policy is that china is making too many products that americans want. and often those products are, are better products and they're less expensive than what we make ourselves. busy imports from other western countries. now if that sounds like the state telling businesses what they can or can't produce or should produce or how they should produce it, got it. you're right. which is why the chinese premier li chang fired back saying, no. he says it's the west that needs to change its policies and be more market driven. here's what he actually says. he goes on to say,

he says it is hoped that the united states will abide by the basic norms of market economy, including their competition and open cooperation. refrain from turning economic and trade issues into political or security issues, and viewing issue of production capacity objectively. and dialectic leap from a market, market oriented and global perspective. so, wait a, what did we do? is there a china telling the us it needs to be more pro market? are we here in the u. s. supposed to be the beacon of free market thinking? are those folks in china just a bunch of commies after all, we hear that kind of talk 247 in the western media. we certainly here in congress and in the senate and from anybody running for president. here's republican tom gotten, for example, questioning this c o a tick tock. now this guy,

he's got to be a time in his right. have you ever been a member of the chinese communist party set a dancing point? no. have you ever been associated or affiliated with the chinese communist party? no, senator, again, not a single porton. all right, that's a republican. here's a democrat who is a member of a china select committee. never knew there was a trying to select committee. he has the he is the guy who runs a china select committee, which i guess is there to teach china how to be more like us. what a success look like. going to be with you jack. the mission of this committee is to fault. we want to rise above data day politics to chart long term sound strategy for competition with the chinese communist party. there it is, but chinese communist party chinese public as part of your that all the time, strong words threatening, right. in other words, they're communist. they're not,

god fearing they're not market driven, they're not freedom loving like us. in fact, heaven forbid that we should. fabric become anything like them. right? we renew our resolve. that america will never be a socialist country. the there it is. never. that is president donald trump, during the state of the union speech delivering the cheap, i'm easy, live guaranteed to get a standing ovation. unfortunately, for people like him, it's too late to say for the wealthy in america, there's plenty of socialism and they get to revolve the benefits of it. but if you're just a working staff, a guy trying to feed your family and you, my friend, you get capitalism and lots of it will take you through it by giving you some examples of what happens to that person in here and working dude or

a working woman, and you can't pay your bills or pay a loan because you've got sac or had a bad month in america. the bank comes out to you and they can sometimes even take your house. and if you just for missing a couple of payments, for example, maybe a couple $1000.00 you're done. mean you're, you're in, you're in a bad way. you can end up on the street. but now, you know what happens with that same bank, but just put you on the street, fails in the united states. the government steps in and says, don't worry, we've got to cover after the 2008 meltdown. we're banks got greedy, fat, stupid, and screwed up the entire system. what happened? well, here's what happens with us. government took your money. if you're a taxpayer in the united states, they took your money that you paid taxes and they gave it to them because they're too big and they're too important. not like you. you're not that big. you're not that import. k are. now, wouldn't you call that corporate welfare?

can you say that when the government gives corporations money to run their businesses? that is by definition, socialism with a capital s. perhaps that's what we're told that china does, right? but then what, what do we call this? us banks get $83000000000.00 a year in subsidies because they're too big to fail into important that are packed by the federal government. that means no matter how bad they screw up, no matter what they know. we're going to take care of them. you say china, that's the way it's done. china wait. isn't that what we say they do? i'm confused. so, so just to be clear that the guys who run the bags, they get millions of dollars. the upper management even get

a bonus pool of $34000000000.00 a year. you want to know how much a bank teller makes, on average in the united states. $15.00 an hour. see, a bank teller. he gets the benefits of capitalism. was talking about cars when the management of general motors was on the brink of letting their company go under the u. s. government step right up. so don't you worry, you know, don't worry, be happy. we made sure that. uh and they did. they made sure the general motors and its owners didn't suffer. they gave him $600000000.00 in bail out money, and then another $500000000.00 in tax breaks. oh, and the ceo who was in charge, who kind of was, did a horrible job. i mean, she screwed up a company, right, or whoever got screwed up while she was in charge. she got a $22000000.00 severance package. here's $22000000000.00. thank you very much. gong . you're fired. my god. and what about g?

i'm workers, you ask oh, the workers that tried 14000 of them were laid off. like go. what was that again mister president, we renew our resolve. that america will never be a socialist country. now let's talk about farm subsidies. you probably heard of those few companies in the world are blessed with more of the benefits of socialism. then the agricultural industries that are made up by companies like monsanto and so many others. and they never have to worry about beating the competition. and making sure that people buy their products, know it's guaranteed they're guaranteed to succeed, because the u. s. government takes care of that for the. so i checked. and here's what i found over the past 5 years. if you pay taxes in the united states of

america, right? they take your money. because if it was given according to the research, we could, they take money that you paid in taxes and they give it to giant agribusiness corporations as a subsidy to make sure that they can succeed. so how much do you, do you think you gave over the past 5 years, 478000000000 dollars that you paid in taxes. because apparently they to these other business corporations. they to are too big to fail. makes you wonder, doesn't it? all that talk about socialism and communism and how do we need to make sure we're never like them those chinese, by golly, me joining us down. so i've got a senior asia pacific relations policy expert at the institute of china,

american studies with more than 2 decades of experience right here in washington dc studying this type of thing. i don't know where to start, but you know, i to, to hear yelling yesterday or whatever the hell. she said these things that, oh china, you need to be more like us. you've got to change your ways. by golly, we can show you the promise land. we're the ones who know how to be free market pro market, etc. and you say what to miss yellow mr. group, the are good to be with you right? first of all, what i would tell mrs. ellen is that go to china and you will see free market capitalism really taking shape in the country. and that is something which is which can be loaned from china as a country in terms of its market, does not pick with us or protect incumbents. it has very low entry barriers and

makes companies makes funds compete ruthlessly where the chinese state does step in is provide infrastructure and in certain new industries as we see in solar electric. but it goes, it helps create markets at scale. but once it does help create that market at scale, it makes them fight like cats and dogs to compete, survives and to prosper. and that's why we have chinese companies today, and then other sectors, also prospering, not just at home, but internationally. that is what company do, what capitalism is about. it is really having low entry barriers and making the best succeed through a process of grinding competition. and you will see that happened in china. so what do you, what do you say to all these uh, us politicians. republicans are most noteworthy for doing this because i think they

wanna somehow say that their competition, the democrats, or, or joe biden, for example, is really a chinese communist, or he's a king. the chinese communist we, we keep hearing about the way they're not the only ones we hear from democrats as well to be fair. but we keep hearing that word all those communist, those come me this, those coming. this is like a buzz word. what do you, what do you think, given what you just said to me when you hear that this what i think is at this point of time this, they're trying to create a differentiation. you know, like the usual differentiation, the us government always creates the always, from the people of the country, but not for that regime of the country. the way of policy police are most times it's directed against the people of that country. and in this case, they wanted to be, they want to say, we're not against the chinese people, but we against the chinese communist sparky. and considering its communism is the, is a dirty board. that's why you have everything, even the house,

select committees, call it, and all of the house select committee of china. it's on the chinese communist party and hoping to be in smell of them. what i will let them live that i've been at the end of the day, you can call them whatever you want to call them. but i think though, a lot of practices that i was learning from, from the, from what they are doing at this point of time. and in many ways, i mean china is 400 years back is or 7500 years back is what the united states was . i mean, immense capabilities, events, entrepreneurialism and immense competition. i mean, of course, that needs to be placed with a non regulated framework, otherwise you have things like the great depression, etc, etc. but that's what the chain, what the, what, what, what china is today. it is a competitive marketplace in which people strive to succeed, are the communist. i mean, the communist party claims to be communist and, and then, you know, president,

she's, she's goes on these big dialect to go lectures about what communism is. but to be frank, you know, when she talks about communism order was socialism with the communist characteristics. you know, for me i, i find that to be a very low rate. let me, i'm going to come on the left feet out of a clintonian phrase. you know, bill clinton was all good things happen because of me all the bad things. someone else did i, i was no and nobody and daughter also socialism, good chinese characteristics. all that is good about china and works in china is because of the party and because of socialism, all the things which might be not working that well on the human rights front of that, that's really not part of what we, what we want. that's not what we did. and so for me, i see communism the way it's practiced in china to a great deal. also, at least from a narrative standpoint, from this dialectical standpoint is just

a lot of shoes and frankly, so you can call it what you want. it's just a word, for example. busy as i just showed in my script, we say we're all free market. the leaders of the world, the beacon of light in the world when it comes to a free market democracy. and yet, when i really got in there and broke it down, we're not that much of a free market democracy. in fact, we have the government, essentially giving an upper hand to its crony is friends in separate industries. and we may be doing that, as you say, more than china does. yeah, we're a capitalist and they're communist. maybe we should just get away from the labels or the gunner. i think you should get to some of the levels. and i think the best example of what you said is, what was also the topic of discussion yelton's secretary ellen's trip, which was on the electric vehicles. the, as i said, the, the,

the chinese site was mix investments to create markets of scale. it provides initial industrial subsidies, it's fairly easy going on the subsidy type of the early stages. it has many players in the marketplace. it makes them compete fiercely. it does not pick winters up protected commons. and from this process off through the process of market discipline, we really have real, real, real contestants. and what the chinese government then does is gradually shut off the subsidy. tough to go because they are still because guys will get no money and the weaker guys, i just left, i'll need to exit the marketplace. you know, even if it's funny, is that about the, these it and i had them on a, pardon me for interrupting, but i remember a time when we 1st started relations with china and nixon made the trip and everything. and suddenly we realized, oh my god, we can get all these cool things made there, and their workers, we don't have to pay them all that much. and it will all just be quick and easy,

quick, cheap products and will flood walmarts with them. now they have become so much more sophisticated and they want to make electric cars. and suddenly. 1 dealing with china or having chinese products doesn't seem like a such a good idea. all of a sudden mel, i, i, there's almost some justice in that and that's kind of what i want to talk about when we come back. all right, so we're talking to professor good, it's so it's such a pleasure to be able to get a different perspective on something like this. we're going to stay on this topic and be right back to discuss that the market, the chinese say, hey, we can make a big cars cheaper. the us says no, no, no, we don't want them. why not? if it's good for american consumers, we'll be right back the the,

the, the the, what is a part of the, the employee would post that isn't the

deepest you of us and that in the word, or is it something deeper, more complex might be present? good. let's stop without cases. let's go out of as the pen were joined by professor sure a good time, rick sanchez, thanks for being with us. he is a senior agent pacific relations policy export at the institute for china, american studies, and we thank him for joining us in sharing his wisdom with us. tell me if this sounds as curious to you as it does to me. it seems like everything was hunky, don't. busy worry when china was making tons of products and providing them for the american consumers. so we could have some pretty cheap goods that we would otherwise have to pay a lot of money for. it's like having mexican workers in the united states doing

work cheaply. but eventually that goes the other way. and what happens now is when they were making toys in clothing, it was fine. but now all of a sudden they're making phones, computer chips, and now they think they can make a cars, electric cars as good or better. and perhaps even less expensive than the ones that are made here in the united states and made by test lie, etc, etc. so now all of a sudden, i'm saying there's this resistance is pushed back. how dare you make those products? those are reserved for us. come countries like cars, um, something seems a skew in that argument. am i reading it wrong? of your framing into exactly the way the americans are the american politicians, particularly in the best way of framing the argument that these are sectors which are very you should not be entering. you stick to do the things which you used to

do and make our lives more efficient. but when we come to higher value added products, i stay out of it. it's a lot. so that's, that's not the way you belong. but i mean, that's not an argument that you can make to anybody. they allude, anybody and everybody, whether it's orlando, nora, chinese, or brazilian has the right to produce an electric take lives to produce the most efficient electric cycle in the world. and that's what they've gone to, and this has come out of, she also promote realism. all, i mean, a lot of this is they needed to play catch up. so they had really delegated for 2 and entrepreneurs who said, we need to do catch up. let's try to do it a little differently. government was 8 of the process initially. i know we have, i mean, it is an antique of also about this. you know, they've been in white of the test leslie at that point of time in the late late 20 times because they really wanted to benchmark their rice and competitors with the, the best competitor in the market. and they said, now go compete with the tesla and try to do the best. and this is exactly the

reason the ease the market will feel in the us. because the us is keeping out the best. and the most efficient competitor, us will have its own market and it will have the gm's will have the great market share at home, but solves the allied friends like kia and hyundai, and cetera, et cetera. but you will never break into the international marketplace will the, will, this will the installation reduction. next, e d tax credit to do is not created. manufacturing competitiveness, it will create manufacturing employment up to a point from the short and medium but will not create competitiveness which is the basis of long term and employment. so. so in this, in the chinese of very good at this uh, television sets, uh, the telephones. uh, obviously cell phones, computer chips. my gosh, we thought we own that industry and nobody could touch us. and now it appears part

of the reason we hate china or are supposed to a china is because they've gotten really good at some of that stuff, especially the chips they have. we have and you know, there is a place in, in, in, in domestic and international policy making for industrial policy. it does sound very socialist state centric. that is a space for industrial policy. but industrial policy does not mean just seamlessly throwing money and throwing subsidies and hoping great things will happen there. often, you have to be intelligent about the process, somebody's before site them of the process. and the whole purpose of the industrial obviously is to then facilitate market competition. and that's why i keep repeating not to pick winners autopay the incumbents. think that before we go, we're down to like a minute and a half. and i have 2 more questions and a story left for you, but 1st of all, give me a yes or no. they only succeed and are really good at that stuff, is because they cheat and steal our ideas. true or false is not complete. false.

the ease uh, i mean they, they, they have so many new innovations and they usually just need to be in washington. i mean, completely false and it's not about stealing. finally, one final note, i thought it would be fitting to mention the storage day before we close sen. bernie sanders, a man who knows a thing or 2 about socialism, had somebody attack is office by setting it on fire. police say a person named shap show the ammonium got in the sanders building and when. busy to the 3rd. busy or where he is seen spring, so i'm kind of liquid on the door and then setting it off. fire the man is under arrest. it's not known why he did it, but we do know that just last week, senator sanders publicly called out as really prime minister benjamin netanyahu urging him to stop killing innocence. he also suggested that the us should give his real, not a penny more. nope, still we don't know what called edit comment. what do you, what do you think of that? i know you're not are bernie sanders expert. but isn't that weird?

i mean, c o 2 is like things are spilling out beyond normal politics. i mean, politics. wireless is becoming part of the language of politics and that's becoming very dangerous. and i think much worse things can happen. you know. ready family traumatic way, i mean that candidates being assassinated. okay. sort of things. you just don't want to go there. and these things need to be nipped in the bud. i think there's no, no, no tolerance for this sort of nonsense. so i've got to, it's always a pleasure having you on thank you for joining me, my friend. before we go, i want to remind you of our mission. simple. really what we do here is we deep silo the world or at least try to, you know, we gotta stop living in these little boxes where we only believe what we believe and what our friends believe. troops don't live in boxes, a nation, neither should we. we don't, i'm rick sanchez will be looking for you again right here on directed the

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the after the end of world war 2, great britain decided to make up for his losses with the merciless exploitation of its colonies. the plundering of the occupied territories. 8 le, devastated as a result of decades long fighting extremely hard days in group. and in 1948, the colonial administration was forced to declare a state of emergency in response patriots. united him to the malay in people's liberation army and began a guerrilla war london. decided to suppress resistance, georgia and mass, the port agents executions of civilians and spraying of chemicals, scale being and cutting off heads. these were the barbaric methods the british used trying to keep my la within their empire. the massacre in the village of baton gully, committed by the scots guards against the unarmed beds caused

a particular stir. the entire male population became victims, trying to suppress like a real, a movement. the occupiers relocated 500000 people to concentration camps for roses, through the boards route. the patriots were scattered. however, the british experienced the strength of the malay resistance to the full extent. the british army losses in malaya, where the largest since the end of world war 2. in 1957, the british empire was forced to recognize malay into independence. the resilience of demo late people put an end to the history of british colonialism in southeast asia. the companies that go 3 way to express thanks. what was the light from the merchant? if i read all the side, you'll be eyes free. any overnight success story is 20 years in the making. as i

always see it right in india, marriage is not enforced. so when crushed, i think this is the 1st time in our history that we have clarity and vision in terms of what he wants to achieve. the hello and welcome on a punk kid in the ever evolving landscape of the 21st century. the focus now more than ever is on india. i guess when i did an indian business executive, an angel invested in the shop and shop tanks, india and the founder of in the oldest online matchmaking service. chevy dot com that is going on with them at the thank you so no problem. can i find the dog? say my name, and route to be sharing my name with you. so am i or decided about to keep your name? i know from my mother and non you decide to okay, and you know,