Comments by "D W" (@DW-op7ly) on "Cubans drive Chinese-made EVs" video.
-
1
-
@andrewdubose9968
People like you are probably too brain was hed
To have a clue there is now 27 books out there in what the Chinese invented first that says we copied or stole from them first
These days????
China has been transferring its tech to Global South Countries and its Belt and Road partners countries
BTW
The western multinationals went to China at the time because of their weak labour laws, weak environmental laws, mass pool of cheap labour they could pay dollar a day wages to
And yes weak IP laws that went along with it
In exchange the western multinationals traded knowledge and investment
This was nothing new, the west goes to 3rd world or developing nation takes advantages of this country until the locals complain about wages, pollution, or environmental damages. Western multinationals pick up and run for it.
I would argue yes they expected the Chinese to buy 1 billion toothbrushes and 2 billion socks
But they didn’t expect them to enrich themselves
My evidence is even before the west pushed for Chinese WTO inclusion the Top of the food chain 1%ters and their TooBigTooFail Investment Banks worked out the worst deal ever for themselves
Where these TooBigTooFail Investments Banks got a 33% interest in a “Joint Venture Chinese Investment Banking Subsidiary.” Where the Chinese Bank got a 67%
Difference is the Chinese didn’t complain they put up with those dollar a day wages making 22 times less than what an average American worker made. Yet saved 30% of those wages over 30 plus years.
Indirectly loaning those saving to those Americans so they could spend their savings and borrow to spend some more.
While the Chinese invested or made a business with their savings
Where the Chinese lowered their standards of living while the Americans were able to raise their standards of living with those cheaper goods
If anything the Chinese were dragging their feet on the TRIPS agreement under the WTO….specifically regarding developing countries
👇
Developing countries’ transition periods Provisions for developing countries, economies in transition from central planning, and least-developed countries
Developing countries and economies in transition from central planning did not have to apply most provisions of the TRIPS Agreement until 1 January 2000.
The provisions they did have to apply deal with non-discrimination.
Article 65.2 and 65.3
Least-developed countries were given until 1 January 2006.
Article 66.1.
Members have agreed to extend the deadline to 1 July 2034, or to the date a country is no longer “least-developed”, if that is earlier.
Pursuant to the Doha Declaration on TRIPS and Public Health, a separate transition period exists for pharmaceutical patents, which currently runs until 1 January 2033.
WTO
1