The Economic War Between China and the West | One Decision

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[00:00:00]They're spending hundreds of millions of dollars a year to dominate in corner of the market in industry after industry.

[00:00:04]And the question [music] is, you know, will the US and the West say no to that production? We said no to Soviet excess capacity because we didn't have free trade with them. We don't quite say no as easily to Chinese [music] excess capacity. So, the result is that that could put US companies and industries out of business. There's a Chamber of Commerce report suggesting that some of these industrial subsidies from China put more than six or seven hundred billion dollars worth of industrial activity in the West at [music] risk, which I think is a pretty telling sign of what how dire the industrial capacity is.