This is just wrong and a naive read of the Chinese government. The PRC will not respond to anything but force and sustained embarrassment.
Until scientists stop acting like weenies and say 'the virus probably came from the Wuhan Lab and China is covering it up' we get nothing.
The utterly reckless and naive approach to the Chinese government continues to astonish. Their leaders are self-described Leninists who do not believe in scientific truth. To them truth is about raw power, and nothing more.
And by 'force' I don't mean war, I mean using economic and political leverage to protect ourselves from PRC coercion.
"But a better path forward is one of true global cooperation based on mutual benefit and reciprocity. Despite the current dissembling, we should assume that the Chinese government also doesn’t want to go through this again "
Naive, naive, naive.
The problem with the PRC is also domestic. The left and our financial/big tech class refuses to see we're in a world with a hostile ideological power, the right refuses to make liberal democracy work here. But this Wuhan lab crisis is forcing the discussion.
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Judiciary markup of big tech antitrust bills reconvenes, members are officially tired already.
Jim Jordan says the conflict of interest break-up bill HR 3825 has too much vagueness and will allow an "army of woke civil servants" to carve up big tech.
And now @RepJayapal is giving a good history of how break-ups help foster innovation.
While the NCAA ruling was narrow and full of consumer welfare nonsense - the court is bad after all - there are some useful parts to take away. First, the court ruled that suppressing labor competition is an antitrust harm.
Second, the court narrowed the cross-balancing test involved in AMEX by saying that any cost to one set of stakeholders had to have a direct connection to benefits to others. The NCAA can't claim that not paying student athletes is good for fans unless they directly prove it.
Re: NYC mayor's race. I took a quick look at the top four candidate's web sites to see how they see small business from an anti-monopoly lens. They all have 'get rid of regulations' and 'provide capital to struggling small businesses'' pro forma box checking.
Kathryn Garcia wants to retain the restaurant fee delivery cap on Uber, et al. She also has an interesting proposal on helping to live-stream theater. And she discusses the need to break from cable monopolies for universal broadband. kgfornyc.com/policy/recover…
Eric Adams wants to retain the restaurant fee delivery cap on Uber, et al. He also wants to tax online services, like streaming, and use the money to cut taxes on local businesses who are disadvantages by tech giants. ericadams2021.com/erics-economic…
I thought about the explosive news of Lina Khan becoming FTC Chair, and wrote up what it means for our politics. Why did Biden pick someone to lead an antitrust revolution? mattstoller.substack.com/p/the-antitrus…
Khan is something rare in progressive politics, someone with academic credentials and mastery over a dense technical subject, but also connected with a broad-based populist social movement that crosses partisan lines. mattstoller.substack.com/p/the-antitrus…
I've talked to a lot of people in business, both Republicans and Democrats, and they really respect Khan. It's because, I think, she got her training not as a lawyer but as a business journalist talking to people facing monopoly. Here's an example. ideas.time.com/2013/11/01/why…
Amazon's Ryan McCrate says Amazon supports interoperability. "We will always work backwards from what works for our customers, and that includes interoperability."
Sonos's Eddie Lazarus says interoperability as it is currently implemented is "just an on-ramp to the Amazon system."
Republicans Mike Lee and Chuck Grassley just introduced a bill to dramatically weaken antitrust law. His bill *gets rid* of FTC antitrust authority. He would also codify the failed consumer welfare standard that ends up consolidating power.
Lee and Grassley's bill would gut private antitrust enforcement by repealing Hanover Shoe, a decision that made it harder for monopolists to escape liability for overcharging customers. c-span.org/video/?512534-…
Lee is putting forward his antitrust legislation under the guise that it will strengthen antitrust law, though its actual effect will be to empower monopolists. I think we can assume that all legislative efforts going forward will be framed that way.