Mon, 03 Apr 2006

The Lenovo smear: Grossly unfair on all levels

Uh, no, it's not.

Even Mr. Kay admits that Lenovo is 27% owned by the Government of the Peoples Republic of China. The actual percentage may be closer to 40%, but the practical percentage is nearly 82% - which leaves the 18% held by IBM alone. What I mean by "practical" in this sense is those shares that can be legally required to vote with the majority shareholder - which is the Chinese Communist Party.

People here are deluding themselves with the notion that China has "gone capitalist" - what they've done is switched from an outright collectivist nightmare to one of "state socialism with a stock market". Which is a classically "National Socialist" position: China's gone fascist, not capitalist.

It really gets my dander up when I constantly hear how American companies can't compete against foreign firms, when most of those "firms" are owned by a foreign government, with all of the protections and advantages available to it. Remember Japan, Inc. and the television and auto industries? Of course they can't compete in those circumstances: and our government should take measures to insure that they don't have to.

Endpoint Technologies president Roger L. Kay says xenophobia is factor in accusations against Chinese-founded PC maker.

(link) [CNET News.com]

/Politics | 3 writebacks | permanent link

On 4/4/2006 09:28:58
Arwin wrote

Or is it the Whig party

On 4/4/2006 14:39:28
Jason Pitzl-Waters wrote

Hear, hear!

On 4/4/2006 15:02:22
Dave H wrote

More to follow

comment...

 
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