<story><title>American VC Firms Investing Billions into PRC Companies Fueling the CCP Military</title><url>https://selectcommitteeontheccp.house.gov/media/press-releases/committee-report-american-vc-firms-investing-billions-prc-companies-fueling</url></story><parent_chain><item><author>lenerdenator</author><text>Tell that to the parts of the American populace who suffered most from the lack of lower-education jobs. Deaths of despair have risen in that population sector over the last four decades. Wages have become stagnant. The generation that was born after this shift to China will be the first American generation in centuries to have a lower standard of living than their parents.&lt;p&gt;These companies tossed the heavy manufacturing capabilities of the United States to a geopolitical rival. To be clear: there is no China with superpower ambitions if the American shareholder class hadn&amp;#x27;t made it happen.</text></item><item><author>kirubakaran</author><text>&amp;gt; It&amp;#x27;s arguably treason.&lt;p&gt;If I can give some feedback, this last line undermines the rest of your points. Not everything selfish is treason.</text></item><item><author>lenerdenator</author><text>Is anyone surprised?&lt;p&gt;The investor class argued that shutting down factories in the American Midwest (where almost none of the investors live, of course) and moving production to China would bring political liberalization to the nation. That&amp;#x27;s why the US didn&amp;#x27;t slam the door shut on China after Tienanmen Square with Bush 41, and why Bush 43 was supportive of China joining the WTO. Of course, they didn&amp;#x27;t liberalize, and now China&amp;#x27;s using its massive industrial base that Americans funded to increase its capabilities for a showdown with the US (and other Western nations) for global economic and political supremacy.&lt;p&gt;Really, it was all BS from the start; investors just didn&amp;#x27;t want to pay working-class Americans anymore and couldn&amp;#x27;t have cared less about the political implications of the market forces they were unleashing.&lt;p&gt;It&amp;#x27;s arguably treason.</text></item></parent_chain><comment><author>Aunche</author><text>By the time China became the world&amp;#x27;s manufacturer, Japan and automation had already functionally killed lower-education jobs. On the other hand, the efficiency of Chinese manufacturing has enabled more desirable and lucrative jobs in services and entrepreneurship. Americans already the second highest incomes in the world [1], which have continued to trend upward despite the rise of China [2]. The pain that Americans face rose internally (healthcare, housing, and college).&lt;p&gt;[1] &lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;en.wikipedia.org&amp;#x2F;wiki&amp;#x2F;Median_income&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;en.wikipedia.org&amp;#x2F;wiki&amp;#x2F;Median_income&lt;/a&gt;&lt;p&gt;[2] &lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;fred.stlouisfed.org&amp;#x2F;series&amp;#x2F;MEHOINUSA672N&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;fred.stlouisfed.org&amp;#x2F;series&amp;#x2F;MEHOINUSA672N&lt;/a&gt;</text></comment>
<story><title>American VC Firms Investing Billions into PRC Companies Fueling the CCP Military</title><url>https://selectcommitteeontheccp.house.gov/media/press-releases/committee-report-american-vc-firms-investing-billions-prc-companies-fueling</url></story><parent_chain><item><author>lenerdenator</author><text>Tell that to the parts of the American populace who suffered most from the lack of lower-education jobs. Deaths of despair have risen in that population sector over the last four decades. Wages have become stagnant. The generation that was born after this shift to China will be the first American generation in centuries to have a lower standard of living than their parents.&lt;p&gt;These companies tossed the heavy manufacturing capabilities of the United States to a geopolitical rival. To be clear: there is no China with superpower ambitions if the American shareholder class hadn&amp;#x27;t made it happen.</text></item><item><author>kirubakaran</author><text>&amp;gt; It&amp;#x27;s arguably treason.&lt;p&gt;If I can give some feedback, this last line undermines the rest of your points. Not everything selfish is treason.</text></item><item><author>lenerdenator</author><text>Is anyone surprised?&lt;p&gt;The investor class argued that shutting down factories in the American Midwest (where almost none of the investors live, of course) and moving production to China would bring political liberalization to the nation. That&amp;#x27;s why the US didn&amp;#x27;t slam the door shut on China after Tienanmen Square with Bush 41, and why Bush 43 was supportive of China joining the WTO. Of course, they didn&amp;#x27;t liberalize, and now China&amp;#x27;s using its massive industrial base that Americans funded to increase its capabilities for a showdown with the US (and other Western nations) for global economic and political supremacy.&lt;p&gt;Really, it was all BS from the start; investors just didn&amp;#x27;t want to pay working-class Americans anymore and couldn&amp;#x27;t have cared less about the political implications of the market forces they were unleashing.&lt;p&gt;It&amp;#x27;s arguably treason.</text></item></parent_chain><comment><author>voxic11</author><text>&amp;gt; These companies tossed the heavy manufacturing capabilities of the United States to a geopolitical rival.&lt;p&gt;But for it to be considered treason they would have to committed that act with the intent of betraying the United States for their enemies. I think you will have a hard time showing that was their intent when a much more obvious and likely intent was making a profit.&lt;p&gt;If you take out the intent part of treason then it would apply to all sorts of scenarios and would severely restrict the freedom of US citizens. For instance would you consider a US citizen who is loyal to the United States but takes a year to volunteer at an Iranian hospital to be committing treason? What about a US factory worker who strikes for better working conditions and the strike gives an advantage to a Chinese competitor?</text></comment>