Clyde Prestowitz: How American Companies Became Subservient to Beijing and How to Stop It With Industrial Policy

American Thought Leaders

The Epoch Times

News, Government, Politics

4.9 • 1.2K Ratings

🗓️ 23 September 2022

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

“Because everything it makes is in China … China can compel Apple to do whatever it pleases … And it’s not just Apple. Many major American companies are highly reliant on production in China, and all of them are subject to coercion by the Chinese Communist Party.”

At the National Conservatism Conference in Miami, Florida, I sat down with leading China expert Clyde Prestowitz, who led the first U.S. trade mission to China in 1982. Prestowitz is the author of “The World Turned Upside Down: America, China, and the Struggle for Global Leadership.”

He makes the case for reshoring manufacturing, especially of essential products, and for America to adopt an industrial policy to level the playing field with China.

“To any free, rule-of-law system—U.S., European, Japanese—the Chinese Communist Party is an enemy. Absolutely,” Prestowitz says.

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Transcript

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0:00.0	because everything it makes is in China.
0:02.3	China can cabel Apple to do whatever it damn well,
0:05.4	please, and it's not just Apple.
0:06.7	At the National Conservatism Conference in Miami, Florida,
0:10.1	I sat down with leading China expert Clyde Prestoitz,
0:13.7	who led the first US trade mission to China in 1982.
0:17.4	China has gathered up millions,
0:19.2	maybe billions of categories of classified information,
0:23.8	so they know your name, they have your social security number.
0:26.4	Prestoitz is the author of The World Turned Up Side Down,
0:29.5	America, China, and the struggle for global leadership.
0:32.6	I have come, personally, arguing for and fighting for
0:37.2	an American industrial policy for more than 40 years,
0:41.1	and hey, finally it's happening.
0:43.7	This is American Thought Leaders, and I'm Yanya Kellek.
0:48.8	Clyde Prestoitz, such a pleasure to have you back
0:51.5	on American Thought Leaders.
0:53.0	Thank you.
0:53.9	It's been, gosh, I think it must be a year and some
0:57.6	since we last spoke about your fantastic book,
1:01.0	The World Turned Up Side Down.
1:02.9	It's still a book that I recommend for people to understand.
	...

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