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I'm asking a question that is transnational. What does this mean about China's large corporations?

Which are certainly competitive? Will we tax them?

You're asking all the right questions to which there are no easy answers. Let's assume

you could do this thing worldwide and the Chinese and the Russians and everybody else is going

to the same pot. What you do is you look at these large corporations and you have to ask

two questions. One is this stuff, result of efficiencies. Two is this stuff, result of restraint

on trade. If it's a result of restraint on trade, then presumably some kind of an antitrust

remedy would be appropriate. But that would not be to the entire firm. It would be with respect

to the particular practices given lines of commerce that might be subject to itself. If you

wish to attack Apple or Google, they engage in a thousand different practices. 988 of them

may be legal and two of them may be wrong. The antitrust solution would pick the two or the

20 of the 50. I turn out to be incorrect and then try to go after them. There's a lot of

difficulty there because there's a kind of wrong kind of mentality around the United

States. The Colbert should build for example in which everybody starts to see antitrust risks

where frankly I don't believe that they exist. But that's a fraction. Now if you want to go with

global remedies and you say, okay, we've got Jeff Bezos, why are we taxing him? When he has huge

...