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From: Dave Aitel (daveimmunityinc.com)
Date: Thu Nov 10 2011 - 10:46:12 CST
And on that note, here's my idea of the day: Cap and Trade Hacking Credits.
How it works: You set up a government agency which will validate
economic espionage. When they find it, they give the affected company a
Cap and Trade Hacking Credit for some value of penalty. The company can
choose to either apply these directly as a tariff against one of their
competitors from the offending country, or sell them to another domestic
On 11/10/11 11:04 AM, Dave Aitel wrote:
> HARWOOD: Governor Romney, was it a mistake for Governor Schwarzenegger
> to hire the firm in China to build portions of that bridge?
> ROMNEY: Well, that's a -- a long answer to that, because what China is
> doing is not playing fairly by the rules that exist in our -- in the
> WTO and the world. China is, on almost every dimension, cheating. And
> we've got to recognize that. It is good for America...
> ROMNEY: It is good for America to have free trade. It is good for us
> to be able to send our goods and services around the word and vice versa.
> HARWOOD: So a good decision to build the bridge over there?
> ROMNEY: That is normally a good thing. But China is playing by
> different rules. One, they are stealing intellectual property. Number
> two, they're hacking into our computer systems, both government and
> corporate. And they are stealing, by virtue of that as well, from us.
> And finally, they are manipulating their currency, and by doing so,
> holding down the price of Chinese goods, and making sure their
> products are artificially low-priced. It's predatory pricing, it's
> killing jobs in America.
> If I'm president of the United States, I'm making it very clear, I
> love free trade. I want to open markets to free trade. But I will
> crack down on cheaters like China. They simply cannot continue to
> steal our jobs.
> more: http://thepage.time.com/2011/11/10/cnbc-transcript-of-your-money-your-vote-republican-presidential-debate/#ixzz1dJq8jZU7
> GINGRICH: Well, there are two things here. And let me say in advance
> that I would yield in part to Governor Huntsman, because he speaks
> fluent Chinese, he has worked in China, and he's been the ambassador.
> And I'd be curious to get his reaction.
> But there are two different parts here. The problem with building the
> bridge is simple. What -- what is it about American regulations,
> American taxation, American labor cost and attitudes that makes it
> cheaper to go to China than to go to the United States? Now, we...
> ... first of all, you've got to decide, how are we going to be more
> competitive and how are we going to be the lowest cost? And there's a
> new Boston consultant (ph) that says, by 2015, South Carolina and
> Alabama will be cheaper than the Chinese coastal provinces to
> Second, in terms of dealing with China strategically, I think we're
> going to have to find ways to dramatically raise the pain level for
> the Chinese cheating, both in the hacking side, but also on the
> stealing and intellectual property side. And I don't think anybody
> today has a particularly good strategy for doing that.
> more: http://thepage.time.com/2011/11/10/cnbc-transcript-of-your-money-your-vote-republican-presidential-debate/#ixzz1dJqHbruk
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