Chapter 9 Chapter 5 The Quartet of the U.S. Exploiting China

Finance is undoubtedly the most powerful of these four carriages, and it is the vanguard.I can say a word, financial hegemony and the hegemony of the US dollar are the lifeline of the US economy. Without this lifeline, the US will become a poor country that can only maintain food and clothing overnight (this point will be discussed in detail later. ).The United States has obtained too much material wealth in the world for nothing by relying on financial deceit, and it provides for its citizens to have enough food and clothing and to eat all day long. How does the United States exploit China financially?Let’s look at some of the more familiar methods.

First, fool China into buying American financial products. Let me tell you that there is no distinction between good and bad financial products in the United States today. They are all fake and Ponzi schemes. It relies on the continuous supply of funds from all over the world to have superficial prices and "stable" value performance. .The United States is already an empty shell economy, and the real wealth it produces has accounted for less than 20% of "GDP", and there is no real wealth foundation to support such a huge financial product.Everyone already knows that a Ponzi scheme is bound to go bankrupt. With the size of the United States, such a Ponzi scheme can be maintained for a long time, because it is facing the market of fools all over the world. The financial Ponzi scheme in the United States basically It can be maintained for decades, but it will eventually be shattered. The subprime mortgage crisis in 2007 is the closest Ponzi scheme to shattered.

Fundamentally speaking, American financial products are empty-handed tools for China's wealth. The so-called long-term and stable investment value is an illusion of a Ponzi scheme (Chapter 6 will comprehensively analyze the Ponzi scheme in the US economy and finance).China is also one of the many fools in the world who have fallen into the US financial Ponzi scheme. Take subprime mortgages as an example, how many subprime mortgages did China buy?Some people say that China buys very little, but it is hard to verify the truth.However, on July 14, 2008, it was reported that the two largest housing mortgage companies in the United States, Freddie Mac and Fannie Mae, might declare bankruptcy, and China purchased about US$376 billion of these two companies with foreign exchange reserves. There were no buyer bids for the 14 bonds in the open market.There are about US$1 trillion in US securities in China's foreign exchange reserves, including US$200 billion to US$300 billion in ABS bonds. If you add the US$376 billion in corporate bonds of the two mortgage companies this time, the foreign exchange reserves will exceed at least US$500 billion. Subprime debt in U.S. dollars accounts for half of the total value of U.S. bonds purchased by China.We already know that it is quite dangerous to fall into a Ponzi scheme. If you are the last batch of takers, you will pay for all the previous winners (the money they make is your loss).This time the U.S. financial crisis broke out, unfortunately we acted as the last batch of takers. In fact, we have been deeply involved in it and never quit.

Our buying of U.S. bonds is a long-term strategy, and we never thought of getting out after making a profit. Second, dig a financial trap for China and sweep away China's wealth. In this regard, Lang Xianping has some more subtle analysis. Of course, many of them are his speculations, not all of them are tenable. Lang Xianping is a scholar who insists on American financial conspiracy theories.Whether there is a financial conspiracy in the United States, there must be; whether they have dug financial traps everywhere to make China jump down, I think there must be.I just want to cite some facts and figures:

1. In May 2007, China Investment Corporation spent about US$3 billion to purchase nearly 10% of the shares of Blackstone Group at a price of US$29.605 per share.Subsequently, the continuous decline in the stock price of Blackstone Group led to a sharp decline in CIC's investment. At the end of 2007, when people thought that CIC should "learn to be smart", CIC purchased Morgan Stanley's due mandatory convertible bonds with a face value of US$5.6 billion, accounting for about 9.86% of Morgan Stanley's equity at that time. %.Subsequently, this investment has shrunk sharply due to the outbreak of the financial crisis.

2. At the end of 2007 and the beginning of 2008, Ping An of China purchased about 113 million shares of Fortis Group in the secondary market. On June 26, 2008, it participated in a lightning allotment to increase its holdings by 7.5 million shares, holding a total of 121 million shares. The cost was RMB 23.838 billion. Due to the financial crisis of the Belgian Fortis Group, the stock price plummeted, and China's Ping An Investment, which holds Fortis shares, had a floating loss of more than 15.7 billion yuan. 3. In mid-September 2007, China's first stock-type QDII Southern Fund Global Selection became popular and was sold out on that day. Since then, the QDIIs issued by Huaxia, Harvest and China International Investment Morgan have been sought after by mainland investors.However, affected by factors such as the impact of the US subprime mortgage crisis and the cooling of the US economy, QDII suffered a huge loss one year later. All QDII funds suffered losses across the board, and only the QDII holders of the first four first-issued funds lost as much as 70 billion yuan.The banking system QDII also suffered a loss of more than 95%.Fund QDII products have also fallen sharply in a row following the global stock market slump recently, and the new net value on October 8 was hit hard again on the basis of the previous sharp drop.The net value of Huaxia Global on the day was 0.531 yuan, a drop of 6.68%; the net value of China Investment Morgan Asia Pacific Advantage was 0.411 yuan, a drop of 7.22%; the net value of Harvest Overseas was 0.428 yuan, a drop of 7.56%.In addition, the net worth of ICBC Credit Suisse also dropped sharply from 0.636 yuan on October 6 to 0.586 yuan on October 9. 0.411 yuan is already close to the lowest net value of A-share fund shares.The global financial tsunami has made life harder for QDII funds.

According to the latest QDII net value of domestic funds, China Investment Morgan Asia Pacific Advantage, Harvest Overseas Fund have fallen below 50 cents, and Southern Global has also fallen below 60 cents. The face value of other QDII funds that have gone overseas are all hovering below 1 yuan.After the National Day holiday, the net value of domestic QDII funds changed significantly. China Investment Asia Pacific Advantage, Southern Global, and ICBC Global all fell by more than 10%, hitting a new low. Other products also fell sharply by more than 5%.The above three examples are the so-called three failures of China's overseas investment.Failure is inevitable, because these are pits dug by the Americans for you to jump.When the financial turmoil in the United States swept the world, those financial companies, investment banks and commercial banks in crisis were all looking for buyers. China's foreign exchange reserves of up to 1.8 trillion US dollars at that time became their main target of fooling.As I said, contemporary American financial companies are all Ponzi schemes. Ponzi schemes make money until the end of the scheme. When the crisis breaks out, it is actually the end of the deception. At this time, they are fooling the last batch. What a fool.China's capital idea is good, and it wants to acquire some foreign financial companies at low cost.This turned out to be silly and naive.Ponzi schemes can only make money during the "growth" period. It is a scam and has no value in itself. When you buy it at the end, one buys a worthless shell, and the other is that the scam will burst. Further let the false "price" plummet, the value is annihilated, resulting in an instant huge loss.

Faced with these tragic tragedies, on December 3, 2008, Lou Jiwei, chairman of China Investment Corporation, a US$200 billion sovereign wealth fund, said in Hong Kong that after investing US$6 billion in Morgan Stanley and Blackstone Group, overseas Financial institutions no longer dare to invest, but non-financial industry companies can still invest.This can be regarded as a preliminary long-term brain.There are still many pitfalls in American finance waiting for China to jump, and every time you trap you, it will cost billions and tens of billions of dollars. Third, arbitrage through speculation and speculation through China's financial loopholes.

As you all know, Soros, the master of capital operation in the United States and an international financial tycoon, was a philosophy student. He learned a great piece of wisdom from his teacher: everything has loopholes.When he devoted himself to the financial field, he was guided by the philosophy of loopholes, specifically looking for financial loopholes in a certain country, and then attacked them. In order to make a profit, he did not hesitate to destroy the country's finance and economy (such as Thailand during the Asian financial turmoil).American financial speculators are also taking advantage of China's financial loopholes for speculation. Of course, due to China's relatively strict financial controls, it is unlikely that they want to bring down China's finance and economy.However, compared with mainland China, Hong Kong, as the world's four major financial centers, is more vulnerable to attacks from American financial giants due to its relatively free finance, and often becomes their cash machine.

For example, during the Asian financial crisis, in October 1997, international speculators hit the Hong Kong market for the first time, causing the Hong Kong interbank offered rate to soar to 300%, and the Hang Seng Index and futures index fell by more than 1,000 points, making a big profit. After the October turmoil, they attacked the Hong Kong dollar on a small scale many times, making use of the interaction rules between the exchange rate, the stock market and the futures market to speculate wildly, dubbing Hong Kong their "super cash machine".According to statistics, these tosses caused the wealth of Hong Kong people to evaporate as much as 2.2 trillion Hong Kong dollars at that time.American financial speculators speculate in China mainly because large-scale hot money intervenes in China's stock market and property market. How capable is international hot money of speculating in China to make profits?In the words of Lang Xianping, there are three "unimaginable" international hot money, "First, the complexity of foreign exchange operations is unimaginable, and this is why more than 140 billion US dollars flowed into China, we still don't know, because This operation is too complicated, and we don’t know how to get in. Second, the ability to use funds is beyond your imagination. It can crush the Bank of England in just a few months. Will you be an opponent? Third, and most importantly, the ambiguous relationship between international speculators and governments of various countries is unimaginable." Before the second half of 2007, due to China's continued bull market, American hot money mainly speculated in China's stock market, for example, only in 2007 In the first half of 2019, hundreds of billions of dollars of international hot money poured into the mainland, and most of this money eventually flowed into the stock market. After the stock market fluctuated sharply, the wealth they swept away was unimaginable. Beginning in the second half of 2007, China's stock market almost collapsed, and foreign capital withdrew after making a fortune. After 2007, international hot money (mainly the United States) attacked the Chinese real estate market. 2009 was a big bull market in the Chinese real estate market. This year, international hot money surrounded the Chinese real estate market on a large scale. For example, between March and September 2009, China The unexplained increase in foreign exchange reserves was US$14.9 billion, US$36.2 billion, US$61 billion, US$25 billion, US$27.1 billion, US$13 billion and US$41.8 billion, respectively, reaching a total of US$219 billion in the seven months.

Accompanied by the influx of hot money, Shenzhen, Beijing, Shanghai and other cities have canceled the "external restrictions" on real estate investment, and a considerable number of real estate speculators from Hong Kong and foreigners have emerged among the real estate speculators, and some foreign capital have even formed alliances with large mainland real estate companies. , with project cooperation, equity financing, etc. to support mainland real estate enterprises to create land king records everywhere.Many domestic economic observers pointed out in June 2009 that a considerable part of the 200 billion US dollars of hot money entering the Mainland has entered the Mainland property market. Why can international hot money judge the trend of China's stock market and property market so accurately?Can you always enter before the market is big and withdraw when it rises to the highest?I think only Lang Xianping's three "unthinkable" can answer such questions.You can see how Morgan Stanley is so predictable. British Reuters reported on June 17, 2009: "Morgan Stanley Chief Economist for Greater China Wang Qing said in an interview a few days ago that China does not currently exist. The current real estate industry recovery is sustainable.” As you all have seen, the Chinese real estate market accelerated and continued to rise in the second half of 2009 until the Spring Festival. This tells us that when intervening in China's stock market and real estate market, it is best to follow the foreign capital. In February 2010, Jones Lang LaSalle, a well-known international real estate service organization, released the latest report. The report shows that the investment share of domestic investors in China's real estate market has risen from 36% in 2008 to 70% in the first half of this year.On the one hand, this is due to the sharp increase in domestic capital caused by domestic relaxation of credit in 2009, and on the other hand, it is also due to the withdrawal of foreign capital since the end of 2009.What this means is for the reader to judge for himself. Fourth, provide financial services to Chinese companies and charge huge service fees. For example, major investment banks in the United States help Chinese companies list in the United States. As far as this is considered reliable, it basically belongs to the initial functional category of finance. Although the fees are high, Chinese companies still get services. The above four methods are familiar to us, and all kinds of media have been promoting them all day long, including what many economists have tirelessly instilled in us, as if these are the main means by which American finance sweeps China's wealth.I want to tell you that they are all wrong. Where the United States is really powerful, the means that sweep the most wealth in China are not these, but what?It's printing money for shopping.The above four ways take away money, while printing money and shopping directly takes away our wealth: commodities and the goods themselves (see Chapter 6). I have pointed out many times that the entertainment industry in the United States today exists as a tool for them to search for global wealth. It is okay if they sell real things to make money. Selling at a high price is because the United States has created a kind of Hollywood cultural worship, which has almost become the spiritual belief of the whole world. The American entertainment industry relies on this kind of spiritual belief to make money. In essence, this is no different from the religious elites in the Middle Ages who used people's religious beliefs to make money.We say that the entertainment industry is a tool for the United States to exploit the world and China, and movies are the highlight. Let me tell you, don't think that every country in the world has movies and entertainment industries. In fact, only the United States has real movies and entertainment industries.Because compared with the United States, the entertainment industry in any other country in the world is the target of search, they are all tossing around, and there is no way to make huge profits outside the country. Only the entertainment industry in the United States can make huge profits globally. I think it is necessary to elaborate on the history of the film industry. We know that film emerged almost simultaneously from France and the United States, initially silent black and white films. So how did the United States defeat France to become the monopoly of the world film industry?Quite simply, France regards film as art, while the United States treats film purely as a commodity. It is this difference that has led to French and the entire European film becoming the defeat of Hollywood. To put it bluntly, this is the confrontation between two historical views of film, and finally the winner is decided.France's view of art film history, its main points are: 1. Film is an art, and the law of art development lies in the unique innovation of artists.They constitute nodes and milestones in the history of film. 2. Driven by the avant-garde thoughts of artists, the avant-garde movements of art groups and genres, and the innovative creation of film forms, films continue to develop.Therefore, form innovation is the driving force behind film development. 3. Although Hollywood movies occupy the market share of movies all over the world, they are commercial movies, supported by industrialized commercial elements such as "genre" and "star system" rather than artistic laws. Therefore, although they are the mainstream of the screen, But it is an alternative in "movie art".The history of art cinema in France is doomed to fail miserably, and you can see in history how ridiculous they are.When the sound film appeared, they shouted that the art of silent film (silent) disappeared, and the film ceased to exist; when the color film appeared, they shouted that the art of black and white film disappeared, and the film ceased to exist. , instead of disappearing, movies have become increasingly prosperous. Scholars who opposed sound films at the beginning also forgot the "black-and-white sound films" they insisted on when they turned around to oppose color films; while American films undoubtedly closely followed the pace of technology, and every new thing When inventions appear, Americans are always the first to use them, and spare no effort to add the firewood of science to the raging fire of movies.The film art view associates this phenomenon with American-style utilitarianism. It has been said that grapes are sour for 100 years, and it has been said until today, and it has watched Hollywood movies rule every corner of the world. Every screen.The attitude of treating movies as commodities and pinning the progress of movies on technological progress is the key to Hollywood's success.The fact is also true, film is not an art at all, if it is an art, its progress should come from the theoretical innovations of the artists who study this "art".The fact is that the progress of film comes from the technological revolution, from silent to sound, from black and white to color, and then to today's 3D movies, all of which were applied to the extreme by Hollywood as soon as they appeared.Those countries that treat movies as art are destined to destroy movies.Doomed to be unable to compete with the United States in the film industry.As we look from the past to the future, Hollywood will continue to dominate the global entertainment industry. Since DV technology, U-tube online video and other new gadgets became popular, we have been seeing such a tendency that short films shot by non-film practitioners using home DVs have also begun to win audiences, and show the More and more professional tendencies.It is conceivable that such a tendency may cause mainstream movies to develop into 3-minute mobile phone video clips in the future, which can be downloaded and played on computer screens and mobile phones.By that time, European filmmakers will be clinging to the "art of feature film" in empty theaters in the sorrow of "movie is dead", and then watching Hollywood's commercial film aesthetics continue to make movies play well on mobile phones. Live, and use unparalleled business strategies to transform the theater into an elegant art display place for the luxury consumption of the elite like the current opera house. American movies can bring astronomical income to the United States. What is the reason?Are these values ​​created by labor?Is it because Americans spend much more labor than us making films?In fact, this has nothing to do with labor, but is determined by the market. American movies are aimed at the global market. It is very simple. Isn’t the movie’s ticket price multiplied by the total sales volume?American movies are dealing with 6 billion people on earth, do the math.Your Chinese movies can only face the Chinese market. With the same ticket price, your sales are only a few tenths of American movies, and your income can only be a few tenths of others. But finally, I repeat what I said in Chapter 2, that the movies themselves do not create wealth at all, but bring about a net loss of wealth.I made an analogy in Chapter 2. Assuming that Hollywood spends $100 million to make a movie, and then the global box office revenue is $2 billion, from the perspective of GDP accounting, the United States will increase by $1.9 billion.So, will the world really be richer by $1.9 billion because of this movie?Obviously nonsense, there is no increase in wealth worldwide, but the wealth of people all over the world that existed before the film was made transferred 2 billion dollars to the United States after watching the film, and the wealth of the world has actually evaporated by 100 million U.S. dollars, that is, the 100 million U.S. dollars of wealth spent by Hollywood to make movies, and the various props (cars, airplanes) that were blown up when making movies, etc. are the loss of wealth worldwide.The reasons why Hollywood movies are popular all over the world: firstly, its commercial positioning makes it beat its competitors in Europe; secondly, the United States instills American culture around the world, making watching Hollywood blockbusters a fashion and trend, a spiritual pursuit and even a "status symbol" . For China, Hollywood also has other special tricks, which is to use some Chinese elements, get a few Chinese actors, shoot some plots related to China, praise China, and flatter the Chinese people, so that we are more inclined Flocking, Pidianpidian ran to the cinema to contribute our wealth.This is Hollywood's big way of attracting stars, using imaginary things like movies to take away our huge wealth. In addition to movies, there are other ways for the American entertainment industry to make money in China: exporting music albums of singers to China, exporting movie discs to China, American singers holding concerts in China, and American stars acting as endorsers for Chinese companies’ products (charging high endorsement fees) fee) and so on. Of course, it is difficult to count the profits of these fields in China, and the box office of Hollywood movies in China over the years can be checked in detail. Let me list all the titles and box office of all Hollywood movies with a box office of more than 20 million yuan since they entered the Chinese mainland market. income: I have emphasized many times in this book that brands are already a heavy weapon for contemporary imperialism to exploit developing countries, and the "efficiency" of exploitation through brands far exceeds the war plunder of old imperialism.I have also clarified many times the logic of rich countries in contemporary developed countries in terms of brands: 100 years ago, developed countries exchanged industrial products for our agricultural products and raw materials, so they were rich; 100 years later, when we can also produce industrial products How can developed countries maintain the previous "scissors gap"? Using brands, they told us, look, although the industrial products you make are the same as ours, they are actually different. Ours is a branded product, a high-end product, and it is more face-saving to use, so we have a product You can exchange dozens, hundreds or even thousands of yours (for the same product, their price is x times ours).The so-called brand sells symbols, and what is valuable is symbols.The process costs at the material level are similar. For example, readers who are familiar with the production of leather shoes know that the cost of leather shoes sold in shopping malls is tens of thousands or tens of thousands of yuan.In the same way, the cost of small Louis Vuitton purses priced at tens of thousands, hundreds of thousands, or hundreds of thousands is not much higher.The current world is so magical, the same "blood", the same "species", the same leather bag, affixed with a world brand label will be worth a hundred times. Developed countries have brands, and we can exchange the same thing for a hundred times what we have. Have you ever read about such exploitation in Marx? No, because no one has really recognized this cruel exploitation, the exploitation at a rate of 10,000 percent.The exploitation you have learned does not exceed 100% (exploitation in the past refers to the proportion that capitalists take from the wealth created by workers, and they will always leave some for the workers, and it will not reach 100%, otherwise the workers will starve to death. You work), so the exploitation of the brand is exploitation beyond your imagination.One in the United States can be exchanged for one hundred of us, a net profit of ninety-nine.What I want to tell you is that the brand exploitation of China (and the world) by the United States has reached a new stage of culmination today, that is, virtualized brand management. How did the Americans come up with this invention in the first place? It's very simple. As I said earlier, the "value" of branded goods does not lie in the physical substance of the goods itself, but in their symbols. I can understand the problem. How can the extremely treacherous capitalists in the United States not see it?That being the case, they thought, let’s just forget about the “brand symbol”, I don’t need to work hard to make products, let those poor countries do the production of the products, and wait for them to produce good products, we will lower the price Buy it, put a label on it, and sell it at a hundred times the price.This is virtualized world brand management. The brand headquarters in the United States are only responsible for advertising and product design, promoting brand symbols around the world, and continuously increasing popularity and reputation, while the material entities of the products are all manufactured by poor countries (such as China).Which buddy in the United States first invented this virtualized brand management?Is the founder of Nike PhilKnight. Nike has not produced shoes at all since the 1970s, and its entire production process has been handed over to Japanese and Western European manufacturers. In the 1980s, it further spread to South Korea, Taiwan, China and India. The OEM of Nike.What does Nike headquarters do?It is brand management and advertising, such as asking Jordan to be an endorsement; product design, such as the design of "dual air cushion system" sports shoes in 1994, and the launch of "full palm air cushion shoes" in 1998.I have given (multiple times) an example of how the United States exploited China through the shoe industry. I will repeat it here to deepen your impression: about 30% of the Nike shoes in the United States are from a Taiwanese businessman named Yue Yuen Industrial in Dongguan, China. Assuming that a pair of Nike shoes is finally priced at 1,000 yuan, Yue Yuen Industry can get at most 100 yuan, and the middleman (transportation and sales) and the brand owner (Nike head office) each get about 450 yuan. In this process, the Americans put a trademark on the shoes produced by the Chinese and then sold them to the Chinese. The money they earned could be used to import five pairs of shoes of the same quality from China.That is to say, for every pair of shoes produced by China's Yue Yuen Industry for Nike (sold to the Chinese), it will eventually send five pairs of shoes of the same quality to Americans.Can such a country with empty hands and white wolves not be extremely rich in material things?In fact, it is not only Nike that is produced by Yue Yuen Industry?Almost all the sports shoes of internationally renowned sportswear (including shoes) brands purchased by Chinese in the mainland are produced by Yue Yuen Industries: Nike, Reebok, Adidas, Puma, New Balance, Timberland, etc. Yue Yuen Industries produces all 17% of the world's well-known brand sports shoes, this output is not only enough to supply the Chinese mainland market, but also exported to the world, which is why the famous brand shoes you buy abroad are often "Made in China".Among them, the most well-known Nike is the most produced in Yue Yuen Industry. For example, in 2002, 25% of the total global production of Nike shoes was contributed by Yue Yuen Industry.Finally, don’t forget that there is more than one OEM factory for Nike and other brands in mainland China. It is impossible to count the total production for Nike in mainland China, but it must be much greater than 25%. In fact, the American virtualized brands are far more than just sports shoes, and also include all clothing brands, all other categories of brands, such as cars, TVs, refrigerators, computers, etc., only those that are not convenient to hand over to China for production , they will produce by themselves, such as military industry, high-tech products that involve confidentiality, and so on.Through virtualized operations, the United States has allowed the Chinese to work for them for nothing and paid back several times their wealth. Over the years, the United States has seized untold wealth from China. Let's just take the automotive industry as an example.American auto brands are not completely virtualized, but they are almost the same as virtualized operations. We all know that the three major American auto brands, Ford, GM, and Chrysler, have been operating at a loss for a long time in the United States, all thanks to China. The huge profits in the market make up for it. American Ford, General Motors, and Chrysler all have production bases in mainland China (joint ventures with Chinese companies). Most of the profits of the Chinese auto industry are taken away by foreign companies including the United States. In 2008, Ford (American car) , Toyota, Honda, Nissan, Hyundai and other foreign parent companies have earned a net profit of more than 200 billion yuan in the Chinese auto market, accounting for about 60% of the profits of the entire Chinese auto industry.Let's use GM as an example to illustrate the astonishing wealth that American auto brands have gained in China. ?General Motors has established 8 joint ventures and 2 wholly-owned subsidiaries in China, employing more than 20,000 people. General Motors imports, produces and sells a series of products of Buick, Cadillac, Chevrolet, Opel, Saab, Wuling and other brands in China. In 2007, the total sales volume of GM and its joint ventures in China was 1,031,974 vehicles, a year-on-year increase of 18.5%, and the sales volume in China ranked first among international automakers for the third consecutive year. In 2004, GM’s profit in China reached 437 million US dollars. In 2005, China had become the most profitable market for GM. By 2007, GM’s production in China only accounted for 4% of its global output, but the profits obtained in China Accounted for 25% of GM's total global profits. In 2004, on Mount Luojia of Wuhan University in China, a strange and famous economist in the United States, Michele Boldrin, made a strange statement. In general, his remarks included the following three points: (1) Knowledge Property rights protection is an obstacle for the United States to hinder China's economic development. (2) Intellectual property protection hinders global economic growth. (3) When the US economy took off, it "stealed" the advanced scientific and technological achievements and scientific knowledge of Britain, Germany and France. It is not qualified to demand China now. There are such strange things in the world. Why doesn't this American professor speak for the United States, but for China? I feel a little proud that I share the same views with this economic guru.Obviously, Mr. Bo Jun is filled with righteous indignation at the use of intellectual property rights by the United States to make huge profits. I also condemn the shameless exploitation of China by the United States using intellectual property rights and technology patents, endlessly taking away the huge wealth created by Chinese laborers with blood and sweat. Intellectual property rights and technical patents have something in common with brands (sometimes they also overlap, some brands are based on technical patents, such as Microsoft), and they are all virtual, and they can continue to reap huge profits without production. The difference from ordinary brands is that it is generally practical (such as Microsoft's technology patents), unlike ordinary brands that are just symbols and provide "spiritual enjoyment".Technical patents and intellectual property rights can also be "duplicated" infinitely (such as Microsoft's genuine software), and the same thing is sold countless times (this is similar to entertainment industry products), and you have to pay me a patent fee every time you use it . Alas, is there a more shameless transaction in the world?Technological innovation is worth and should be encouraged, but there must be a limit, right? Regarding this issue, Bo Jun is more radical than me. He angrily said the following words People's Network http://www.people.comcn/GB/jingji/1045/2940473.html: "The exclusive rights granted by the state to innovators have no real benefits to natural ecology or society!" "In the nineteenth and early twentieth centuries, because there was no so-called global intellectual property rights at all, the United States, which was relatively backward in technology, also adopted the method of imitating and transforming advanced technologies from Europe to learn"? "A record sells so expensive because both the producer and the singer want to make a huge profit." "When China is negotiating with the United States on technology imports, don't think that you are begging the other party to lower the price, but think that China is helping the United States to shorten the cost recovery period." "Even if a patent is established, its validity period should not be too long." "Countless innovations and inventions emerged without the protection of intellectual property rights." "It should be some special industries that really need patent protection." "Businesses have also been experimenting with various voluntary solutions to problems without government intervention." "There are too many examples of intellectual property rights infringement in Western developed countries." However, there is still a difference between me and this buddy. He completely negates the positive effect of intellectual property protection and only picks out the bad ones. I simply object to the great injustice embodied in the use of intellectual property and patented technologies as means of exploitation in international economic transactions, which enslaves the people of developing countries to work for nothing in developed countries that own these patents, creating for them Material wealth, and there is no end to it.Developed countries and the United States cannot be so shameless. How much wealth has the United States exploited in China and the world through intellectual property rights and technology patents?Look at the situation at Microsoft. The Windows, Office, and server divisions are Microsoft's main profitable divisions.According to Microsoft's financial report for last year, as of December 31, 2009, the revenue of Microsoft's Windows and WindowsLive divisions was US$6.904 billion, compared with US$4.064 billion in the same period last year; operating profit was US$5.394 billion, up The same period last year was 4.064 billion US dollars. Microsoft's server and tools segment revenue was US$3.844 billion, compared with US$3.755 billion in the same period last year; operating profit was US$1.491 billion, compared with US$1.375 billion in the same period last year. Microsoft's entertainment and equipment segment revenue was US$2.902 billion, compared with US$3.256 billion in the same period last year; operating profit was US$375 million, compared with US$130 million in the same period last year. Microsoft's business sector revenue was US$4.745 billion, compared with US$4.881 billion in the same period last year; operating profit was US$3.010 billion, compared with US$3.021 billion in the same period last year. However, you may be as relieved as I am that because of the serious piracy in China, many people do not use genuine Microsoft software, which greatly eases the exploitation of China by the United States.However, software, movies, and music discs can be pirated, but many technical products that are practical in production cannot be "pirated".For example, you have to buy the patented technology for making engines from the Americans (of course, you can also buy it from the Japanese). There is no pirated version of this thing.The United States is world-class in military industry, aviation, aerospace, engines, and automobile industries. It has all core technology patents, and any one of them is enough for you to drink a pot of China.