Foreign Companies Need To Get Out of China NOW!!!

Eventually, Tesla, I think, will have to leave China because they're getting screwed by Chinese brands. And this is something, there was actually basically the General Motors just released their numbers saying that they were going to do like a $5 billion write down of their, I don't know what this means exactly for the shareholders, but they had lost $350 million in just the first three quarters of this year in China. Because what happened is like, they went to China in like, I think 1990 or somewhere in there and they, oh yeah, come to China, you can make your cars real cheap, blah, blah, blah. You can sell to 1.4 billion people who are all going to buy General Motors for sure. Don't worry about it, just come on in. Who will all have disposable income, sure. And so they go in and they do, they make money. I mean, China had a huge car boom in the late 90s, early 2000s. Yeah, when they went from like, basically, you see the videos of Beijing and it's all bicycles. Yeah, even when I was in China in 97, it was a lot of bicycles, mostly. A lot of bicycles. And most people did not have a driver's license or know how to drive. So it really changed in the first decade of the 2000s. I've seen some videos of driving in China, I would still say a lot of people don't know how to drive. Well, there's just not a long driving culture. When you don't learn safety and car culture from your parents, it's not as easy to do that. So my point about GM is they peaked in like 2018 and they've been on the decline in terms of sales because their technology, and this is going to come as a big surprise, was stolen by Chinese, essentially state-owned or state-controlled companies and their whole thing about stealing. This happens to everybody. It happened to Tesla, although Tesla actually made it publicly available. But all of these technologies for cars have now been picked up by Chinese companies. And there's at one point more than 100 different Chinese car manufacturers, and they're all ripping off American and European technology. And now the Chinese Communist Party is trying to make sure that the cars sold in China to Chinese people are primarily the Chinese brands. And then they're also trying to now take over the worldwide electric vehicle market. The CCP was never going to let foreign companies dominate their market for any period of time for any product. That was never something that they were going to be okay with. And it's like you see this in industry after industry after industry, and yet new industries keep going in. Hollywood was a late entry into this. But essentially now what happened to Hollywood in the last five years, the CCP is restricting a lot of their movies in favor of domestic movies, where they learned how to make movies from Hollywood productions, doing these co-productions with Chinese production companies, moving in. And now they've built these giant studios in China. They don't need Hollywood anymore. The plus side of Hollywood getting completely screwed by China is that I've seen in the last two years or so, some movies and shows especially that are like the baddie for that episode or whatever is like a Chinese agent or something. You would not see that between like 2008 and 2020. Well, the whole Red Dawn thing, right? Where they digitally replaced all of the Chinese baddies with North Korean ones. There was an old X-Files episode with a young Lucy Liu that had like organ harvesting in Chinatown. In the U.S.? Yeah. Okay. But that's just, I don't think that would be something that would get made now. There is, I think it's Dean Kuntz. There's a Dean Kuntz book from the 2010s that talks about organ harvesting in China. Well, there was the World War Z. But this entire book, it was about this. State-run organ harvesting? Yeah. I do vaguely remember that book, yeah. I've never read the book, but I think there's a character who's a Chinese dissident who gets their organs harvested. So at any rate, no foreign company that has gone into China, they've all either gotten screwed already or they're in the process of that, in being replaced by domestic brands. Because the CCP's whole thing is technology theft. You don't steal technology for no reason. You steal it because you plan to use it. Well, again, it's publicly available. But the goal, because there is no private sector, it's all controlled by the state. And the state, the CCP, their goal is to undermine and destroy the Western world order, to undermine and destroy the U.S. And they don't want to just compete normally with foreign companies. They want to ultimately destroy them. So it's a China-led world. The CCP doesn't think about competition the way that the U.S. does. Americans value the free market because we value the exchange of ideas. We value the idea that in a free market, companies that serve customers best will perform better. And that minimal government interference is better for the market. It's better for small business. It's better for all sorts of things. Whereas the Chinese Communist Party doesn't look at the free market as being good. They look at the free market as something they can take advantage of so they can dominate. Yeah, it's their main goal. This is the political warfare thing. Their goal is to win a war and defeat their enemies. Right. Which means GM, Tesla, the United States.