Sunday, March 31, 2019

That Loud Burp You Hear Today is History Repeating Itself

The upstart nation was a den of intellectual piracy. One of its top officials urged his countrymen to steal and copy foreign machinery. Across the ocean, a leading industrial power tried in vain to guard its trade secrets from the brash young rival.

In the late 18th and early 19th centuries, the rogue nation was the United States. The official endorsing thievery was Treasury Secretary Alexander Hamilton. And the main victim was Britain.

How times have changed...

Now, the United States accuses China of the very sort of illicit practices that helped America leapfrog European rivals two centuries ago and emerge as an industrial giant. more

A proposed solution.