A Quote by Rebecca MacKinnon
I don't think any foreign Internet company can effectively compete against Chinese companies in the Chinese market. The regulatory environment is so difficult that it's almost impossible for foreigners to have an advantage over locals who have better political connections and who can manipulate the regulatory system much more effectively.
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The Chinese government still would like to see U.S. Internet companies explore the Chinese market, providing they are willing to abide by Chinese law. I think companies like Facebook should think about the Chinese market.
For market discipline to constrain risk effectively, financial institutions must be allowed to fail. Under optimal financial regulatory and financial system infrastructures, such a failure would not threaten the overall system.
We can go into the Chinese market, develop the engine, new models of cars. Proton can compete. What is the point of giving the company to foreigners? It will revert to the same situation where foreigners just assemble their cars here. We learn nothing.
We had lead emitted in gasoline and in paint, painting generations of housing for an entire century, practically, before it was regulated. That's what I'm talking about, is that we have a regulatory system that is biased to protect profit and not to protect people. We need a much more precautionary and proactive regulatory system that is not influenced by the revolving door.
I think one could argue that there's more political input into the regulatory side, and on the regulatory side there seem to be fewer people with financial and banking experience - there are more lawyers, academics, economists, maybe politicians now.
The Chinese government supports Chinese companies in going global. But we believe that this process should be market-oriented, with companies being the main driver.
We all agree on the core values of a free and open Internet. We simply may disagree on the appropriate regulatory framework for securing those values. And I would much rather have an open and honest debate about the appropriate regulatory framework as opposed to throwing misinformation out there to achieve political ends.
Decarbonising our energy system is not some abstract regulatory requirement. It is an essential responsibility that we hold towards our children and grandchildren as the only way to effectively counter the threat of climate change.
I think China thinks information technology is less important than we think it is in the US, economically, and more important politically. And so Chinese internet companies are extremely political, they're protected behind the great firewall of China, and investment in Alibaba is good as long as Jack Ma stays in the good graces of the Chinese communist party. Alibaba is largely copying various business models from the US; they have combined some things in interesting new ways, but I think it's fundamentally a business that works because of the political protection you get in China.
We've seen it time and again - Chinese companies don't play by the rules, committing intellectual property theft and disregarding basic regulatory standards at the expense of investors. Not a single taxpayer dollar should be invested with these entities that have a clear history of corruption.
Regulatory creep usually starts with calls for 'regulatory parity.' The mantra will be, if you are going to impose certain regulations, then it is only fair to stick it to all market participants equally.
There's a huge interest in the Chinese market, and Hollywood has a huge interest in the Chinese market with films like 'Transformers' making more money over there than here.
Google will be obliged either to accept Chinese regulations or exit the world's largest Internet market, with serious consequences for its long-term global ambitions. This is a metaphor for our times: America's most dynamic company cannot take on the Chinese government - even on an issue like free and open information - and win.
Hiring foreigners is more expensive and more difficult than hiring locals, because of the visa fees and long lead times for visa processing. And companies face a backlash by anti-immigrant groups for hiring foreigners. So they do it only because they have to.
In today's regulatory environment, it's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time.
There are photographers who push for war because they make stories. They search for a Chinese who has a more Chinese are than the others and they end up finding one. They have him take a typically Chinese pose and surround him with chinoiseries. What have they captured on their film? A Chinese? Definitely not: the idea of the Chinese.
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