WORTH OF OUR INTELLECTUAL
PROPERTY EVERY YEAR, JOINING ME
TO TALK ABOUT THIS THEFT OF
INTELLECTUAL PROPERTY, THE
UPCOMING G20 MEETING THAT WILL
-- WELL FEATURE A MEETING
BETWEEN PRESIDENT XI AND TRUMP,
PROFESSOR PAUL BRACKEN GREAT TO
SEE YOU.
>> GOOD TO BE HERE.
LOU: A LOUSY WAY TO BEGIN A
MEETING WITH ARREST OF CHINESE
SPIES, THERE ARE ALL SORTS OF
FRONT COMPANIES THAT CHINESE
OPERATE HERE, WE'RE JUST NOW
BEGINNING TO TAKE ACTION AGAINST
THEM.
>> IT IS REALLY IN ABOUT PAST
YEAR, MAYBE PAST TWO.
THAT THIS ISSUE HAS SURFACED OF
HOW MUCH INTELLECTUAL PROPERTY
LOOTING WHICH THAT OCCURRED FOR
DECADE FROM THE COMPANIES
OPERATING IN CHINA, PEOPLE WOULD
WALK OUTDOOR WITH A USB STICK
WITH INTELLECTUAL PROPERTY ON
IT.
AND OPEN UP A CORPORATION NEXT
DOOR.
LOU: CHINESE BUILT AN ECONOMY ON
THAT.
>> IT IS QUITE INTERESTING, THEY
HAVE TAKEN A LEFT DESIGNS HEAD
TO HAD AGAINST
HE HAD AGAINST
HEADAD AGAINST
HEAD-T AGAINST
HEAD-TO-GAINST
HEAD-TO-HEINST
HEAD-TO-HEADST
HEAD-TO-HEAD AGAINST US, LOOK AT
HIGH-SPEED RAIL TRANSIT.
THEY HAVE STOLEN DESIGNS, BUT
THEY ARE REVERSE ENGINEERING IT
FOR A GLOBAL MARKET, THEY WILL
STEAL MEDICAL TECHNOLOGY
IMPLANTS AND REVERSE ENGINEER
IT, IT MAKE IT LESS RELIABLE AND
CHEAPER TO PRODUCE AND SELLING
IT LATIN AMERICAN AND AFRICA.
LOU: CORPORATE AMERICA HAS NOT
DONE ENOUGH ASIDE FROM DIFFERENT
TO GOVERNMENT ISSUES, THAT U.S.
MULTINATIONALS HAVE NOT DONE
ENOUGH TO PROTECT THAT
INTELLECTUAL PROPERTY,
TECHNOLOGY, YOU NAME IT.
>> CORRECT THEY FEEL THAT
GOVERNMENT, U.S. GOVERNMENT HAS
NOT SUPPORTED THEM.
IF I HAD A NICKEL FOR EVERY
MULTINATIONAL WHO CAME TO ME
SAID WE RAN TO U.S. AMBASSADOR
IN BAY
IN BEIJING TO COMPLAINT ABOUT
THE THEFT, MY REACTION IS GOOD
LUCK, YOU MIGHT HEAR FROM THEM
IN TWO OR THREE YEARS.
LOU: ARE WE REALLY SUCH FOOLS
THAT FOR PAST 30-YEARS, WE WOULD
PUT -- YOU KNOW WRITE A LITTLE
PIECE OF PAPER PUT A PROTEST ON
DESK OF CHINESE AMBASSADOR OR
THE YOU KNOW CHINESE GOVERNMENT
IN BEIJING.
WE'RE JUST ABJEC FOOLS?
>> WE HAVE BEEN FOOLS, BUT THIS
BEING FOOLISH HAS WORKED.
AMERICAN ECONOMY UNTIL LAST 10
OR 20 YEARS WAS GOING WELL.
>> UNTIL 10 OR 20.
>> IMPORTANT OF THE ECONOMY.
IN TERMS OF FLAT WAGE GROWTH, IT
TOOK 20 YEARS TO BUILD UP
PRESSURE TO LOOK AT WORLD IN A
DIFFERENT WAY.
>> AND DONALD TRUMP.
>> AND PRESIDENT PRESIDENT TRUMP
TO BE FAIR.
AND POLICY ELITES IN WASHINGTON.
INTERESTING STATISTIC, EVERY
MOST THINK TANKS WERE CREATED
AFTER WORLD WAR II IN COLD WAR,
IN LAST 10 YEARS EVERY THINK
TANK THAT MOVED INSIDE OF
WASHINGTON BELTWAY.
AND --
>> LOOKING FOR CRUMBS.
>> AND ALSO LOOKING AT A
SHORT-TERM SET OF ISSUES.
AND LARGER ISSUES LIKE HOW
TECHNOLOGICAL EN
TECHNOLOGICAL -N
TECHNOLOGICAL -- INNOVATION CAN
BE STOLEN AND USED TO RAMP UP
YOUR OWN GROSS DOMESTIC PRODUCT
HAS CHINA HAS BEEN DOING, HAS
RECEIVED VERY LITTLE ATTENTION
IN THINK TANK WORLD.
LOU: THE THINK TANK WORLD DOES
PRECIOUS LITTLE THINKING.
I AM NOT SURE WHO THEY ARE
THINKING FOR, H.R. McMASTER
WORKING WITH I THINK TANK FOR 10
YEARS WHILE A HIGH RANKING
OFFICER IN U.S. MILITARY, THAT
IS MIND BOGGLING TO ME.
>> THERE ARE ISSUES WITH THINK
TANK, AND IF NOT AS A LOCUST OF
INVASION FOR NEW IDEAS WITH
THEM, WHERE DO YOU GET IT ONE IS
UNIVERSITIES AND THAT HAS ISSUES
THERE.
THEY ARE HITTING A SCALE, YOU
CANNOT CONTROL THEM ANY MORE,
THEY ARE BURSTING INTO SCENE
LIKE CHINESE INTELLECTUAL
PROPERTY THEFT, AND U.S. FOREIGN
POLICY AND SUPPORT FOR OVERSEAS
COUNTRIES THAT CAN WELL DEFEND
THEMSELVES.
LOU: YOU MENTIONED IT.
FACT THAT IDEAS ORIGIN NATION OF
INY IT JEC
IN DIT JEC
IN DET JEC
IN DETECEC
IN DETECTC
INYDETECTC
INY ITECTC
INY IT -TC
INY IT --C
INY IT -- INTELLECTUAL CAPITAL A
DOES OCCUR ON UNIVERSITY
CAMPUSES, BUT ALSO NOT THE SAME
VIGOR THERE ONCE WAS.
AND AN EDUCATIONAL COMPLEX THAT
HAS GROWN UP THAT CONTINUES
ORTHODOXY OF U.S. BUSINESS.
>> I AM NOT HERE TO CRITICIZE
U.S. ACADEMIA, BUT THERE ARE
REALLY ISSUES.
LOU: I WAS GOING TO GIVE THAT
YOU OPPORTUNITY.
>> THERE ARE REAL ISSUES, AND AS
A DEFAULT, IF IT DOES NOT OCCUR
IN UNIVERSITIES THAT ACTUALLY
GIVES THE THINK TANKS A LARGER
ROLE, WHICH THEY ARE NOT TAKING
UP.
LOU: I AM NOT DISAPPOINTED IN
THAT, THERE SHOULD BE FEW ARE
THINK TANKS, MOST END UP BEING
EITHER IS
EITHER AS
EITHER AUTO IS
EITHER AUTO -S
EITHER AUTO -- AT PUBLIC TROUGH
OR LOBBYING ORGANIZATION IN
GUISE OF I THINK TANK.
>> VERY MORE PARTISAN.
LOU: THEY ARE MORE IN THE TANK
THAN THINK.
>> THANK YOU.
LOU: AND WHAT DO YOU THINK OF
THE XI AND TRUMP MEETING.
>> I THINK IT WILL BE
INTERESTING, POTENTIAL IF SHINEC
INTERESTING, POTENTIAL IF SHINEI
INTERESTING, POTENTIAL IF SHINEA
AND U.S. TO GET TOGETHER ON A
PARTIAL TRADE DEAL WOULD HAVE
SUCH AN IMMENSE IMPACT.
THIS IS A BARGAINING BACK AND
FORT.
LOU: PRESIDENT SAID CLEAR, IT IS
A TRADE DISPUTE.